SAP FICO Asset Accounting


Data take over

SAP FICO Asset Accounting
Prepare XLS File:

            GL Masters – FS00
            Vendor Masters – XK01
            Customer masters – XD01
            Asset masters – AS01
            Material Masters – MM01

            (XLS file is converted on to text file. It uploads to SAP in to                   
↓                                                                                                                                 
LSMW                                                                                                                  BDC
(Legacy system migration work Branch)                                (Batch data Communication)
(Done by Functional Consultant)                                                  (Done by ABA Pars)

Account
No
Company
Code
A/C
Group
P & L
BS
Short
Text
Long text
100000
AML
Share
Capital
   -
X
Eq. Share Capital
Eq. Share Capital
100000
AML
Share
Capital
   -
X
Pref. Share capital
Pref. Share capital


Difference between normal A/C Data take over and SAP data take over:

a. In SAP – Subsidiary Ledger concept
    All accounts are in G.L – Normal

b.      Inventory Accounting – SAP
Purchase Accounting – Normal
                                       
c.       Consumption entries will be posted in SAP
Balancing figure consumption – Normal Accounting
i.e.    Opening stock                   XXX
     Add: Purchase                      XXX
      Loss: Consumption              XXX
                                                  --------
              Closed stock                XXX
                                                  --------
d.      SAP Accounting – Closing stock will be shown material, quality, rate and value. We can not get material wise, Quality, rate and value for closing stock – Normal value
e.       For Assets – we get assets register showing quality, capitalization date, location – Asset register in SAP
Out side system – Normal

f.       Each sub asset wise – we get gross block and accumulated depreciation in SAP.
                     Total plant & machinery – Gross block and accumulated                   
                     Depreciation – Normal Accounting

g.      For vendor and customers open item wise – in SAP
Not possible to see payable items separately in normal accounting

Steps to follow

a) To close the Accounts in normal accounting up to a period, take balances in                                    SAP instead of taking transactional data.

            b) Create 5 Dummy Accounts
                 i) G/L Clearing Account
                 ii) Vendor clearing Account
                iii) Customers clearing Account
                iv) Asset clearing Account
                 v) Stock taking Account
(It can be under any Account group – we create under liabilities)
            c) Once we upload all balances the above 5 accounts should be zero – If any values are there in the account – the data take over is wrong.
            d) We shall not enter day to day data in production client before taking the balances.

Share Capital

500000
Party  X (Creditor)

100000
Acc: depreciation Machine No: 15 (P & M)

200000
Sales

400000                                    
Fixed Assets: Plant & machinery Mac N0:156
300000

Party A/C (Debtors)
200000

Cash Account
250000

Inventory (finished goods)
100000

Raw material Consumption
       350000

   TOTAL
     1200000
      1200000       
             


a) G/L Clearing A/C       Dr         1200000
            To Equity share capital                       500000
            To Vendor Clearing                            100000
            To Asset clearing                                200000
            To Sales                                               400000

b) Asset clearing A/C                    Dr          300000
   Customer clearing A/C              Dr          200000
   Cash A/C                                   Dr          250000
   Stock taking A/C                       Dr          100000
  Raw material consumption A/C Dr          350000
            To G/L Clearing A/C                                        1200000

    G/L Clearing balance = 0

c) Vendor clearing A/C                Dr          100000
           To party x – 1                                                         20000
           To party x – 2                                                         70000
           To party x – 3                                                         30000
           
            (Here the vendor A/C is not cleared i.e. Debit & Credits are not equal. Hence we will check only vendor A/C rather than all A/C Accounts) and you can pass the rectification entries. i.e.

            Vendor clearing A/C       Dr            100000
                   To party x – 1                                           20000
                   To party x – 2                                           70000
                   To party x – 3                                           10000

d) Party A/C – A – Bill No: 1                        80000
    Party A/C – A – Bill No: 2                      180000
        To Customer clearing A/C                                  200000
  
        Now customer A/C becomes 0 (zero)

For Assets:

e) i) To make fixed assets – Plant & Machinery G/L Account and accumulated depreciation – Plant & Machinery G/L Accounts as non  reconciliation A/Cs and pass
            40 Plant & Machinery A/C    Dr     300000
            50 Accumulated depreciation P&M                 200000
            50 Asset clearing                                               100000

ii) Go to ‘AS92’ and take over each sub asset wise gross block and accumulated depreciation – It will not update G/L, since we removed assets reconciliation type in G/L Masters.

iii) To make fixed assets plant & machinery G/L Account and accumulated depreciation plant & machinery G/L A/C as reconciliation A/C in customization.



             Asset creation and take over values (AS92)

                                    AS91 (Creation of master)                          
            ↓                                ↓                                ↓                         ↓
       (AS01)                        (AS91)                      (Box)                 (LSMW)

AS92 – Change assets and take over values

Creation of asset master (AS01)

Give the asset class AML 2000

Company code: AML

Select master data button

Description: Machine No: 15

Give the capitalized on: 15.05.2004

Select time – Dependent tab

Business area: AMH

Select depreciation areas tab

Give the depreciation key: AML1

Useful life: 10 years 4 months

Ordinary depreciation start date: 01.04.2006

Save

Path for ‘AS92’ to takeover values

SPRO à Financial accounting à asset accounting à asset data transfer à manual on line transfer à create/change/display legacy asset (Transaction code: AS92)

Double click on change legacy asset

Asset No: 200003

Sub No: 0

Company code: AML

Select take over values button

Ignore the warning messages – Enter

Give cumulative depreciation value – 300000

Accumulated ordinary depreciation – 200000

Enter

Select save button (or) (ctrl + s)

Path to make fixed assets plant & machinery G/L Account and Accumulated depreciation plant & machinery A/C as reconciliation Account.

Path: SPRO à Financial Accounting à Asset accounting à Preparing for production start up à Production start up à Reset reconciliation account

Select company code: AML

Double click on change control of reconciliation Account folder

From the menu select edit à selections à select all

Select set reconciliation account indicator for all account

Save & save in your request






For Materials:

a)      Preparing a statement showing Material No. qty, rate & total & amount

Material No              Quality                     Rate              Amount

             1                               50                         200                   10000
        
            2                                250                       100                    25000

            3                              6500                         10                    65000
                                                                                                  -----------
                                    Total                                                      100000
                                                                                                  -----------

b)      Create Material Mater and enter in standard price field rate: (material person work)
c)      Use the transaction code: MB1C
Movement type: 561
Plant: HYD

Material No:                   Quality

1                                                                      50
2                                   250
3                                  6500

System pass the entry automatically

            Inventory finished goods Dr      100000    - BSX
                        To Stock taking                          100000       - GBBBSA

Now stock taking becomes ‘0’ (zero)     
                                                                          
Closing Procedure

In the year ending what steps we have to do

We do in the last week of March

To carry forward vendor & customer balances to next year

Path: Accounting à Financial accounting à Accounts Payable à Periodic processing à Closing à carry forward à Balance carry forward (F-07)

Give the company code: AML

Carried forward to fiscal year: 2007

Select: select customers check box

Select: select vendors check box

Deselect test run check box

Select detail log check box

Execute

Ignore the warning message à Enter

It show each vendor & customer balance carry forward to next year

It is one time exercise in each year

Asset Account:

You have to open only 2 years accounts at a time

To check which year close for Asset Accounting

Path: Accounting à Financial accounting à Fixed assets à Periodic processing à Year end closing à Undo à Entire company code (T. Code OAAQ)

Select position button

Give the company code: AML

Enter

To close year 2006

Path: Accounting à Financial accounting à Fixed assets à Periodic processing à year end closing à Execute (T. Code AJAB)

Give the company code: AML

Fiscal year to be closed: 2006

Deselect test run check box

From the menu select à execute in background

Enter

Select immediate button

Select save button

It gives message background job was scheduled for program RAJABS00

To check whether the job is complete or not

From the menu select system à Services à Jobs à Job overview

Execute

To view the result of the job

Select job RAJABS00

Select spool button

Select spool no. check box

Select display contents button

To close any year for Assets, we have to run depreciation

For all assets for all periods, then only system close the balance






To Open 2007

Path: Accounting à Financial Accounting à Fixed Assets à Periodic processing à Fiscal year change (T. Code: AJRW)

Give the company code: AML

New fiscal year: 2007

Deselect test run check box

From the menu select program à Execute in back ground

Enter

Select immediate button

Select save button

It gives the message background job was schedule for program ‘RAJAWE00’

To check whether the job is completer or not

From the menu select system à services à jobs à job overview

Execute

Select the job RAJAWE00

Select spool button

Select spool no. check box

Select display contents button

To carry forward G/L balances

Path: Accounting à Financial accounting à General ledger à periodic processing à Closing à carry forward à balances carry forward (F-16)

Ledger: select 0

Company code: AML

Carry forward to fiscal year: 2007

Deselect test run check box

Select output list of results check box

Select balances in retain earnings Accounts check box

Execute

Select retained earning account button

Select back arrow

Select balance sheet Accounts button

Copy no. range intervals for next year

Path: SPRO à Financial Accounting à Financial Accounting Global setting à Document à Document number ranges à Copy to fiscal year

Ignore the message press enter (Transaction code: OBH2)

Give the company code: AML

To fiscal year under source fiscal year details: 2006

To fiscal year under target fiscal year details: 2007

Execute

Ignore the message select ‘yes’ button

Open posting periods

SPRO à Financial accounting à Financial accounting global settings à document à posting periods à open and close posting periods

Select position button

Give the posting period variant: AML

Enter

For fiscal year variant: AML

From period 1: 1

Year: 2007

From period 2: 12

Year: 2006

To period: 12

Year: 2006

Save

Save in your request

How to open special periods

Same path: 0B52

For fiscal year variant: AML

From period 2 is 13

Year: 2006

To period is 13

 Year: 2006

Save

Posting to special periods(F-02)

Give the document date & posting date: 26.03.2007

Type: SA

Company code: AML

Posting key: 40

Account No: 400100 (Salaries account)

Enter

Ignore the warning message enter

Change the period to: 13

Enter

Ignore the warning message, enter

Give the amount: 500000

Business area: AMH

Text: salary provision

Posting key: 50

Account No: 100500 (out standing expenses)

Enter

Amount: ‘*’

Business area: AMH

Text: ‘+’

Document à Simulate & save

Go and see the G/L Account: (FS10N)

Give the G/L Account No: 400100

Company code: AML

Fiscal year: 2006

Execute

Reports

How to create a folder

Keep the cursor on favorites

From the menu select favorites à restart folder

Give the folder name: FI Reports

Enter

How to assign reports to folder

Keep the cursor on FI Results folder

From the menu select favorites à insert transaction

Give the transaction S_ALR_87011965 (Asset balances results)

Enter

Double click on asset balances report

How to attach report on desk top

Go to the report

Select generate a short cut on desk top button

Select description: select sap class

Enter

Select ‘O.K’ button

Log off the system

Double click on SAP Asset balances icon

Give the pass: enter


                                              

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