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Asset Accounting Integration With General Ledger Accounting in SAP FICO

Asset Accounting Integration.

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saikumar satya
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75 views5 pages

Asset Accounting Integration With General Ledger Accounting in SAP FICO

Asset Accounting Integration.

Uploaded by

saikumar satya
Copyright
© © All Rights Reserved
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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Asset Accounting Integration with

General Ledger Accounting


The following steps guides how to integrate asset accounting with
the general ledger accounting in SAP step by step.
General Ledger Accounting Definition: – General Ledger (G/L)
possess financial accounts of balance sheet and P&L statements.
General ledger contains a number of sub ledgers such as Accounts
payable, Accounts receivable, Asset accounting, Travel
management and bank accounting.
Step 1:- Define how depreciation areas post to general
ledger
Access the transaction using the following navigation options.
SAP IMG Path: – SPRO > IMG (F5) > Financial accounting > asset
accounting > integration with the general ledger accounting >
define how depreciation areas post to general ledger
Enter chart of depreciation key and press enter.

“Change view “define depreciation areas“: overview screen,

Step 2: – Assign G/L Accounts: –


In this configuration step we are assigning the depreciation
accounts, special reserve accounts and balance sheet accounts
for asset accounting.
Access the transaction using the following navigation options
SAP IMG Path: – SPRO >IMG > Financial Accounting > Asset
Accounting > Integration with General Ledger > Assign General
Ledger Accounts
Transaction Code: – AO90

Step 3: – Specify Posting Key for Asset Posting


In this step we define posting keys for automatic posting when
postings are done for fixed asset accounts.
Access the transaction using one the following navigation options.
SAP IMG Path: – SPRO > IMG > Financial accounting > Asset
Accounting > Integration with General Ledger Accounting >
Specify Posting Key for Asset Posting
Transaction Code: – OBYD

Assign posting keys by selecting transaction (note: posting keys are


independent of chart of accounts (COA).)
Step 4: – Change the Field Status Variant of the Asset G/L
Accounts
Access the transaction using the following navigation options.
SPRO > IMG > Financial accounting > Asset Accounting >
Integration with General Ledger Accounting > Change the Field
Status Variant of the Asset G/L Accounts.

By selecting “define field status variants” we can control which


fields are contained in the entry screens of posting transaction,
which fields are required,optional, suppress entry fields.

Step 5: – Specify Financial Statement Version for Asset


Reports
In this configuration step we specify which financial statement
version is to use as a default per depreciation area.
Access the transaction using the following navigation options.
SPRO > IMG > Financial accounting > Asset Accounting >
Integration with General Ledger Accounting > Specify Financial
Statement Version for Asset Reports
Transaction Code: – OAYN
Select company code and double click on “Assign financial
statement version”

Assign financial statement version for depreciation areas. we can


assign different financial statement version for depreciation areas.

Choose save icon to save the data.


Step 6: – Specify Document Type for Posting of Depreciation
SPRO > IMG > Financial accounting > Asset Accounting >
Integration with General Ledger Accounting > Post Depreciation to
the General Ledger > Specify Document Type for Posting of
Depreciation

Step 7: – Document Type for Cross-Company Code Cost


Accounting in External CoCode
SPRO > IMG > Financial accounting > Asset Accounting >
Integration with General Ledger Accounting > Post Depreciation to
the General Ledger > Document Type for Cross-Company Code
Cost Accounting in External CoCode.
Step 8: – Specify intervals and posting rules:
In this step we define how often depreciation is posted i.e monthly,
bi-monthly, quarterly, semi-annual or annual postings.
SPRO > IMG > Financial accounting > Asset Accounting >
Integration with General Ledger Accounting > Post Depreciation to
the General Ledger > Specify intervals and posting rules.
Select company code and double click on “posting rule”

Select appropriate period as per your business requirements.

Choose save button to the configured data. Successfully asset


accounting is integrated with General ledger (GL).

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