ABGL - credit memo in year of invoice - Sapsharks

ABGL – credit memo in year of invoice

Overview- Use ABGL to enter a credit memo. The credit memo reduces the cost of the asset capitalized .

This Credit memos may be posted to the asset for any mistakes or errors in the values from your settlement.

Note- This tcode is used for isssuing credit memos in the year of the invoice, else use ABGF

Use the menu path

Select Accounting->Financial Accounting->Fixed Assets->PostingAcquisitionCreditMemo->In Invoice Year

 Enter the following      
Company Code-  Company Code for which the asset is created. Represents the legal entity. E.g. 1000

Asset-Enter the asset number

Document date- Enter the date of the Original Document (Credit Memo) 

Posting date-  
Date of the Asset Posting. This is the date on which the credit memo is affected in the system.
Transaction type- The transaction type controls various aspects of the posting. Use a standard one or create a custom one for this purpose.
Click on enter and go to the next screen.

Enter the following

Company Code- Company Code for which the asset is created. Represents the legal entity. E.g. 1000

Asset-Enter the asset number

Document date- Enter the date of the Original Document (Credit Memo)

Posting date-

Date of the Asset Posting. This is the date on which the credit memo is affected in the system.

Transaction type- The transaction type controls various aspects of the posting. Use a standard one or create a custom one for this purpose.

Click on enter and go to the next screen.

 Enter the following
Amount posted- Enter the amount of the credit memo
Asset value date- Enter the asset value date.
Offsetting Account-   
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. 
Text-   Enter a reason for the credit memo and the original document reference number. This would enable the user to keep track of the postings.
Click on Save

Enter the following

Amount posted– Enter the amount of the credit memo

Asset value date– Enter the asset value date.

Offsetting Account

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.

Text– Enter a reason for the credit memo and the original document reference number. This would enable the user to keep track of the postings.

Click on Save

 The asset transaction is posted

The asset transaction is posted

 click on transction-display to view the transaction. 

click on transction->display to view the transaction.

 Refer to the SAP FICO configuration guide on how to configure Asset accounting.

Refer to the SAP FICO configuration guide on how to configure Asset accounting.

  • Ramiro Fernando says:

    In case I made a mistake with the amount i input when running t.code ABGL, how the reverse the entry?

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