- SAP Simple Finance Tutorial
- SAP Simple Finance - Home
- SAP HANA - Introduction
- SAP Simple Finance - Introduction
- SAP Simple Finance - Architecture
- Extend G/L Coding Block
- Universal Journal
- Document Number
- Display Financial Tables
- Deployment Options
- Post & Reverse Documents
- Reporting Options
- SAP Simple Finance - Migration
- Manual Reposting of Costs
- SAP Simple Finance - G/L Accounting
- Create a Primary Cost
- Create a Secondary Cost
- SAP Simple Finance - Ledger Mgmt
- Asset Accounting
- Create an Asset
- SAP Simple Finance - Asset Scrapping
- Create Default Account Assignment
- Management Accounting
- Profitability Analysis
- Period Lock Transaction
- New Period Closing Program
- SAP Simple Finance - Integration
- SAP Simple Finance - IBPF
- Consultant Capabilities
- SAP Simple Finance Resources
- SAP Simple Finance - Quick Guide
- SAP Simple Finance - Resources
- SAP Simple Finance - Discussion
SAP Simple Finance - Asset Scrapping
In SAP Asset Accounting, it is required to remove an asset partially or completely from asset portfolio. This is called asset retirement or asset scrapping.
There are following types of retirement −
When you sell an asset, it results in revenue being earned. The sale is posted with a customer.
When an asset is sold, it results in revenue being earned. This is posted against clearing account.
You scrap an asset with no revenue earned.
When an asset is sold to an affiliated company.
Step 1 − To perform a partial scrapping in Asset Accounting, navigate to Accounting → Financial Accounting → Fixed Assets → Posting → Retirement → Asset Retirement by Scrapping.
Step 2 − Enter the Company Code and click the Continue button. You can also start the transaction ABAVN - Asset Retirement by Scrapping, double-click it.
- Enter GAAP in the Accounting Principle box (U1).
- Enter today's date +1 month in the Document Date box.
- Enter today's date +1 month in the Posting Date box.
- Enter today's date +1 month in the Asset Value Date box.
Step 3 − Click the Partial retirement tab to select it. In the next window, enter Amount Posted and From curr.-yr aquis.. check box and click the Simulate button.
When you use scrapping, it decreases APC value by the amount entered minus deprecation calculated. In this, Only GAAP is selectable as the document is only posted to the OL ledger and the other ledgers get no update.
Step 4 − To post, click the Save button.
Step 5 − To view the result, start the Transaction AW01N - Asset Explorer by doubleclicking it.
