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Process Fixed Asset Depreciation

The document discusses the process for depreciating fixed assets in accounting. It explains that asset transactions immediately update the forecasted depreciation but not the accounts until a periodic depreciation posting run. This run posts the planned depreciation for each asset as a lump sum using a batch input session. Both the calculation of depreciation and the periodic posting to accounts are automated in the system and done using transaction code AFAB to create batch input sessions.

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Hanan Mohammed
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40 views

Process Fixed Asset Depreciation

The document discusses the process for depreciating fixed assets in accounting. It explains that asset transactions immediately update the forecasted depreciation but not the accounts until a periodic depreciation posting run. This run posts the planned depreciation for each asset as a lump sum using a batch input session. Both the calculation of depreciation and the periodic posting to accounts are automated in the system and done using transaction code AFAB to create batch input sessions.

Uploaded by

Hanan Mohammed
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Process Fixed Asset Depreciation

Every asset transaction immediately causes a change of the forecasted depreciation. However, it does not immediately cause an update of the depreciation and value adjustment accounts for the balance sheet and profit and loss statements. The planned depreciation is posted to the general ledger when you run the periodic depreciation posting run. This posting run uses a batch input session to post the planned depreciation for each posting level for each individual asset as a lump sum amount.

The calculation and scheduling of depreciation, interest and revaluation are automatically controlled by keys in the system, or you can control them manually using a special posting transaction. In both cases, planned depreciation from Asset Accounting must be periodically posted to the corresponding asset and expense accounts of the general ledger. You carry out this posting using a batch input session. In addition to the various depreciation types, interest and revaluation, this batch input session also posts the allocation and writing off of special reserves. When the system posts depreciation, it creates collective documents. It does not create separate documents for each asset. Depreciation Posting Run is done via transaction code 'AFAB'. The program creates batch input sessions for posting depreciation and interest to the G/L accounts in Financial Accounting and/or to Controlling. Fields Description :Company code : Your Company Code Fiscal Year : Your fiscal year

Posting period : Your depreciation period Reason for posting run (choose one) Planned posting run : X (default) List assets : (tick if you want to see the detail) Test run : (tick if you run in test mode else untick for production run) Main asset number : (you can specify certain asset number if you click repeat run or test run) Note Click the execute button if this is a Click the menu bar -> Program -> Execute in background if this is a production run. You should get this message Background job was scheduled for program RABUCH00 and print out the output. Release and Process the Batch Input Session in transaction code 'SM35'. Process X Additional X - Dynpro standard size Click the Process button Session Display RABUCH00 only functions : run.

test

errors

If there is error, the system will pop up the error message. Correct the error and recreate the session in transaction 'AFBD'.

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