ABGF- Credit memo in year after invoice - Sapsharks

ABGF- Credit memo in year after invoice

Overview-Use ABGF to to reduce cost to a directly acquired asset placed into service in a previous year.

Note-If you need to post a credit memo on an asset acquired in the same fiscal year, use transaction ABGL.

Use the menu path

Select Accounting ->Financial Accounting-> Fixed Assets->Posting->Acquisition->Credit Memo->…in next year

or use the tcode ABGF

   Enter the following 
1-The company code to which the asset is assigned. Represents the legal entity to which the asset belongs. Use the drop down menu to select an appropriate company code.
Example: 1000
2-  Enter the Asset number to which the credit memo is to be posted. The Asset ID is the numeric asset identifier pre assigned to an asset in conjunction with a company code.
Use drop down to determine the asset ID for which the sub-number is to be created
Example: 30000402
Enter the subnumber as well if this is an asset subnumber
3-  Enter the Document date.
The date on which the original document was issued
Example: 07/08/2019
4-Posting date- The date which is used when entering the document in Financial Accounting. The posting date could be different from both the system (entry) date and the document date
Example: 07/08/2019

Enter the following

1-The company code to which the asset is assigned. Represents the legal entity to which the asset belongs. Use the drop down menu to select an appropriate company code.

Example: 1000

2- Enter the Asset number to which the credit memo is to be posted. The Asset ID is the numeric asset identifier pre assigned to an asset in conjunction with a company code.

Use drop down to determine the asset ID for which the sub-number is to be created

Example: 30000402

Enter the subnumber as well if this is an asset subnumber

3- Enter the Document date.

The date on which the original document was issued

Example: 07/08/2019

4-Posting date– The date which is used when entering the document in Financial Accounting. The posting date could be different from both the system (entry) date and the document date

Example: 07/08/2019

 Enter the following
1- Amount posted-   Enter the amount of the credit memo to be posted. The value of the capitalized asset gets reduced by the value entered in this field. E.g. 200
2- Asset value date- Enter the Asset value date. This is the value date for asset accounting and can be different from the posting date.
3-Offsetting Acct- The entry is required as the system looks for a second line item to post the balance of the transaction to.
The system will supply the G/L offsetting account defined as the Contra Account: Acquisition Value account in the Fixed Assets account determination. 

Once you entered all the info, click on save.

Enter the following

1- Amount posted– Enter the amount of the credit memo to be posted. The value of the capitalized asset gets reduced by the value entered in this field. E.g. 200

2- Asset value date– Enter the Asset value date. This is the value date for asset accounting and can be different from the posting date.

3-Offsetting Acct– The entry is required as the system looks for a second line item to post the balance of the transaction to.

The system will supply the G/L offsetting account defined as the Contra Account: Acquisition Value account in the Fixed Assets account determination.

Once you entered all the info, click on save.

 Click on transaction- Display

Click on transaction- Display

 You will see a list of all the asset transactions for this asset. 

You will see a list of all the asset transactions for this asset.

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