SAP FICO Retire Asset with or without Revenue

Retire Asset with or without Revenue

Explain Retire Asset with Revenue and Retire Asset Without Revenue.

Asset sale

* Without customer - Transaction ABAON
- in case that a sale invoice is issued and posted in SD (or FI) and asset retirement is posted in FI-AA - Transaction ABAON.

* Between affiliated companies - Transaction ABT1N - asset transfer between company codes

* With customer known - Transaction F-92
- in case that a sale invoice is not issued and book through SD
but in FI-AA - Transaction F-92.

* The sale invoice posted in FI-AA - document posted in AA or FI (document type ZN) and issued (printed) by transaction what has to be modiffied.

Asset sale without customer - transaction ABAON (old t - ABAO)

In case you want system to calculate Gain/loss from sale for you enter Manual value (revenue amount) in specification for revenue. It is not allowed from the legal point of view for France.

If you want the asset to be retired in NBV choose which depreciation area (e.g.01 - management reporting area required) net book value should be posted.

Enter transaction type to specify the business operation you want to make.

(e.g. Retirement with revenue 210,

Retirement of new acquisition with revenue 260)

An asset retirement can refer to an entire fixed asset (complete retirement) or part of a fixed asset (partial retirement).

In case of partial retirement enter amount posted, percentage rate or quantity.

System calculates the gain/loss from the asset sale and makes posting on gain/loss on sales asset account.

The difference (gain/loss) is counted from NBV of the asset and the revenue amount (clearing account e.g.5700990)

Retirement without revenue - Transaction ABAVN

Retirement due to scrapping, donation, deficit, damage

Retirement without revenue is a removal of an asset from the asset portfolio without any revenue, for example, by scrapping. When you use this posting option, the system does not create revenue and gain/loss postings. Instead it creates a loss from an asset retirement without revenue posting in the amount of the net book value being retired.

Retirement without revenue transaction posts NBV to one account specified in account determination for each reason of disposal.

Additional account assignments with specific transaction types can be created to fullfill requirements of posting on different accounts for each or some of disposal reasons (e.g. different account for scrapping than for donation). This specific posting is allowed only for book legal depreciation area, for management area account for retirement due to all reasons is the same (e.g.5700000).