asset retirement

[Former Member]

hi when iam doing asset sale by f-92 dr customer dr asset sale and cr asset acccount then it is saying retire ment can be possible by only revenue element.

what it means?

[Former Member · Accepted solution]

Hi

The process that you have followed for the asset retirement is not correct.

Follow these steps

Enter into F-92

In first screen enter posting date etc with the customer code,PK-01

In next screen you will have to enter PK-50 with the asset sale account and not the asset number.

The third screen will be prompted with requesting asset number and you will also you will have a check box for asset retirement which has to be checked to proceed with the asset retirement.

Write back fill still you have any issue in posting asset retiremnt

Hari

[Former Member · Accepted solution]

my problem is not rectified

[Former Member · Accepted solution]

Hi Seshu

First decide whether you are going to get a gain or loss on this sale

In F-92, first line is for customer Debit -PK 01

For second line , if there is a profit, enter 'Profit on asset sale' GL account (revenue account) with PK 50 otherwise PK40. Now you will get a small box for asset retirement in the next screen. Check the same and press enter -you should now get the small window for asset retirement.

Asha

[Former Member · Accepted solution]

hi Asha,

sorry for inturupting you in this regard...how it is possible to decide profit or loss by user point of you.

it is not possible for sap system to recognise profit or loss and post automatically to those accounts..

regards....

Pranav...

[Former Member · Accepted solution]

Hi Pranav

Did I mention any where about SAP sys automatically calculating Profit or loss.

Accountant is deciding whether there is a profit or loss and he has to manually key in 2nd line for Profit or loss

Hi Seshu

Also for second line you need to mention transaction type as 210

Also i would like to add one more thing here. Whether you key in gain or loss on asset sale account or 'clearing account from asset sale' with actual revenue, system will recalculate the revenue based on net book value and will accordingly debit and credit 'clearing account' and 'gain on asset sale' or 'loss on asset sale' account that you maintain in AO90

Asha

Message was edited by:

Asha

Message was edited by:

Asha

[Former Member · Accepted solution]

hi pranav and asha

here in AO90 they given asset sale ,lost on asset sale and profit on asset sale are same account.

now please say me how can i move ahead

thankyou

[Former Member · Accepted solution]

Hi Seshu,

Try to differentiate the account for Loss on Asset and account for Profit on Asset.

Then Make sure in t-code FSS0 for those G/L accounts as follow :

-G/L account for Loss on Asset must have Field Status Group = Cost Accounts (For Example : G004).

-G/L account for Profit on Asset must have field status group = Revenue Accounts (For Example : G029).

Hope this can solve your problem.

[Former Member · Accepted solution]

hi

but it is an enhancement we cannt chage the privious things they are following like this only from last 5 years.

[Former Member · Accepted solution]

when you do t-code F.92,

you fill as follow :

01 customer account

50 .......

what account that you put in posting key 50?

[Former Member · Accepted solution]

hi

iam giving 40 customer

50 asset sale

75 asset no

201 ttype

is it wrong?

tanx

[Former Member · Accepted solution]

yes, absolutely wrong.

you do not need to enter 75 asset

and also posting key for customer is 01 NOT 40.

try to post as follows :

01 customer name

50 Asset sale

then try to simulate the document. posting key 75 asset will automatically appear.

[Former Member · Accepted solution]

sorry

i have made these entrirs only.

75 is not coming when ever i enter 75 and asset no and Ttype it is saying asset retirement canbe possible only via revenue account.

thanx

[Former Member · Accepted solution]

DO NOT ENTRY POSTING KEY 75.

IT WILL SOLVED YOUR PROBLEM.

BYEEE...

[Former Member · Accepted solution]

in F-92 , you only entry this posting :

01 customer

50 sales fixed asset

Tick Field"asset retirement" (See how to show up this field on this ***), Enter Asset Information.

Afterwards, you have to simulate the document (Choose Menu Document => SImulate). System will create following journal automatically :

75 Asset

70 ACc. Depreciation

40 Clearing acct. revenue from asset sale

40/50 Gain/Loss from asset sale

============================================

***

In order to get the Field "asset retirement" show up when you enter Account "Sales Revenue" , Follow these steps :

• Go to FS00, check the Field status group for this G/L Account.

• Field Status group can be found in tab "Create/bank/interest".

• Double click on the Field status group then choose Asset accounting group.

*You have to set "Asset retirement" into "Opt entry".

If it is set to "suppress" then you have to change it into "Opt Entry".

Change it in this path :

Go to Spro => Financial Accounting => General Ledger accounting => Bussiness transaction => G/L account posting => Make and check document settings => Define field status variant.

[Former Member · Accepted solution]

tanx alot my problem was solved

[surojit_saha]

Regarding this area of changing Field Status Variant--

*You have to set "Asset retirement" into "Opt entry".

If it is set to "suppress" then you have to change it into "Opt Entry".

Change it in this path :

Go to Spro => Financial Accounting => General Ledger accounting => Bussiness transaction => G/L account posting => Make and check document settings => Define field status variant.

The actual pathway would be---

SPRO-->Financial Accounting(new)-> Financial Accounting Global Setting(New)--> Ledger ->Fields--> Customer fields --> Define Field status variants-->Choose your company's Field status variants-->Click on Field Status Group--> G029 (for revenue) / G052 (for fixed asset retirement)--> click on detail Field status magnifying glass at right top corner-->click on Asset accounting--> make suppress to optional entry--> save it.

[Former Member]

Hi Seshu Choudary,

first u have to mention in AO90 asset sale clearing account and you have to assign field status group G052 for this asset sale clearing if u check field status details in G052. asset retirement will mandatory. after making above changes.

now u try using transaction f-92, then for posting key 50 u hv to mention clearing account for asset sale when u press enter in the next screen the chek box for asset ret will be mandatory then you have to chek that box after that system will ask for which asset should be retired. then fill the details and simulate document.

there is a way to say thanks...

regards....

Pranav....

[Former Member]

hi

first make the sales account as revenue element by selecting cost element catageory as11.i think this solves your problem

rgds

sree

[Former Member]

Hi seshu....

Asset retirement is the removal of an asset or part of an asset from the asset portfolio. This removal of an asset (or part of an asset) is posted from a bookkeeping perspective as an asset retirement. Depending on organizational considerations, or the business transaction which leads to the retirement, you can distinguish the following types of retirement:

An asset is sold, resulting in revenue being earned. The sale is posted with a customer.

An asset is sold, resulting in revenue being earned. The sale is posted against a clearing account.

An asset has to be scrapped, with no revenue earned.

An asset is sold to an affiliated company (refer to Manual Posting of Intercompany Asset Transfer/Retirement)

The follwoing link will guid u ...

http://help.sap.com/saphelp_47x200/helpdata/en/4f/71e946448011d189f00000e81ddfac/frameset.htm

Assign points if u feel so..

Tahnk you

Dasharathi