Asset accounting Part - 4

Creation of  General ledger master

T.code (fs00)

1	Land
2	Buildings
3.	Plant & Machinery
4.	Furniture & Fixtures
5.	Vehicles
6.	Capital work in progress
7	Accumulate depreciation- Building
8	Accumulated depreciation –Plant & Machinery
9.	Accumulated depreciation –Furniture & Fixtures
10	Accumulated depreciation –Vehicles
11.	Assets sales
12	Profit on asset sale
13	Loss on asset sale
14	Loss due to scrapping
15	Depreciation

                                                                                                           

Assignment of accounts for automatic postings from FiGL to FIAA:

Path :SPRO-Financial accounting –Asset accounting-Integration with the general ledger-Assign GL accounts.

Give the your Chart of Depreciation                     : your chart of dep. ID

Enter

That  Transaction code is AO90

Select chart of accounts                                        :chart of ID

Double click on account determination folder

Chose account determination                               : Land

Double click on Balance sheet accounts folder

Acquisition column: Acquisition and production costs give the A/c No.: Land

Loss made on asset retirement w/o revenue. (W/o revenue mean scrap)

Give the account no. loss to scraping

Clearing account revenue from asset sale         :give gl account

Gain from asset sale                                               :gain  account

Loss from asset sales                                              :loss account

Press enter

Select save button

Leave  the warning message press enter

Press enter to save in your request

Double click on account determination folder

Select account determination                                11000 Buildings

Double click on Balance Sheet accounts folder

Acquisition column acquisition and production cost a/c no.

 Loss made on asset retirement w/o revenue     :

Clearing account revenue from asset sale         :

Gain from asset sale                                               :

Loss from asset sale                                                :

Save

Ignore the message press enter

Double click on depreciation folder

Accumulated depreciation for ordinary depreciation xxxxxx accumulated depreciation buildings

Expense account for ordinary depreciation xxxxxxx Depreciation account

Save

Ignore the message press enter

Double click on account determination folder

Select account determination                                : 20000 P & M

Double click on Balance Sheet accounts folder

Acquisition column acquisition  and production cost Give the GL account no.:xxxx

Loss made on asset retirement (without) w/o revenue 400303

Clearing account revenue from asset sales       :300102

Gain from asset sale                                               :300103

Loss from asset sale                                                :400302

Select save button or Ctrl+S

Double click on depreciation folder

Accumulated depreciation account for ordinary depreciation a/c no.100205

Expense account for ordinary deprecation         :400500

Save

Ignore the message press enter

Double click on account determination folder

Select account determination                                :AML30000 Furniture & Fixtures

Double click on balance sheet account folder

Acquisition :Acquisition and production costs 200015 (Furniture & Fixtures a/c)

Loss made on asset retirement w/o revenue      :400303

Clearing account revenue from asset sale         :300102

Gain from asset sale                                               : 300103

Loss from asset sale                                                :400302

save

Ignore the message press enter

Double click on depreciation folder

Accumulated depreciation account for ordinary depreciation 100210

Expense for ordinary deprecation                        :400500

Save

Ignore the message press enter

Double click on account determination folder

Select account determination                                            :AML 31000 vehicles

Double click on Balance Sheet accounts folder

Acquisition: Acquisition production costs                       :200020

Loss made on asset retirement w/o revenue                  :400303

Clearing account revenue from asset sale                     :300102

Gain from asset sale                                                           :300103

Loss from asset sale                                                            :400302

Save

Ignore the message press enter

Double click on depreciation folder

Accumulate depreciation for ordinary depreciation       :100215

Expenses account for ordinary depreciation                  :400500

Save

Ignore the message press enter

Double click on account determination folder

Select account determination                                            :40000 Capital Work In progress

Double click on Balance Sheet accounts folder

Acquisition :Acquisition and production cost                 :xxxxxxx

Loss made on asset retirement w/o revenue                  :xxxxxxx

Clearing accounts revenue from asset sale                   :xxxxxxx

Gain from asset sale                                                           :xxxxxxx

Loss from asset sale                                                            :xxxxxx

Select save button or Ctrl+S

 Ignore the message press enter