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Asset Accounting Configuration Steps in SAP FICO | Asset Accounting

Asset Accounting

Asset Accounting Overview:- Asset Accounting is an important module in SAP and manages assets of an organisation by master records. Asset accounting is a sub ledger to the SAP FI module for managing the Asset records.

SAP Asset Accounting Configuration Steps :-

SAP Tutorials

SAP Asset Accounting

Step 1 :- Copy Reference Chart of Depreciation/ Depreciation Area

SAP Menu Path :- SPRO –> Financial Accounting –> Asset Accounting –> Organisational Structure –> Copy Reference Chart of Depreciation/ Depreciation Area

T code :- EC08

Step 2 :- Assign Chart of Depreciation to Company Code

SAP Menu Path :– SPRO –> Financial Accounting –> Asset Accounting –> Organisational Structure –>Assign Chart of Depreciation to Company Code

T Code :- OAOB

Step 3 :- Specify Account Determination

SAP Menu Path :- SPRO –> Financial Accounting –> Asset Accounting –> Organisational Structure –> Asset Classes –> Specify Account Determination

Step 4 :- Create screen Layout Rule

SAP Menu Path :– SPRO –> Financial Accounting –> Asset Accounting –> Organisational Structure –> Asset Classes –> Create screen Layout Rule

Step 5 :- Define Number range Interval

SAP Menu Path :– SPRO –> Financial Accounting –> Asset Accounting –> Organisational Structure –> Asset Classes –> Define Number range Interval

T Code :- AS08

Step 6 :- Define Asset Classes

SAP Menu Path :– SPRO –> Financial Accounting –> Asset Accounting –> Organisational Structure –> Asset Classes –> Define Asset Classes

T Code :- OAOA

Step 7 :- Determine Depreciation area in the Asset Class

SAP Menu Path :– SPRO –>IMG –> Financial Accounting –> Asset Accounting –> Valuation –> Determine Depreciation area in the Asset Class

T Code :- OAYZ

Step 8 :- Assignment of General Ledger Accounts

SAP Menu Path :- SPRO –>IMG –> Financial Accounting –> Asset Accounting –> Integration with General Ledger –> Assign General Ledger Accounts

T Code :- AO90

Step 9 :- Specify Intervals and Posting Rules

SAP Menu Path :- SPRO –>IMG –> Financial Accounting –> Asset Accounting –> Integration with General Ledger –> Post Depreciation to General Ledger –> Specify Intervals and Posting Rules

T Code :- OAYR

Step 10 :- Define Screen Layout for Asset Master data

SAP Menu Path :- SPRO –>IMG –> Financial Accounting –> Asset Accounting –> Master Data –> Screen Layout –> Define Screen Layout for Asset Master data

Step 11 :- Define Screen Layout for Asset Depreciation Areas

SAP Menu Path :- SPRO –>IMG –> Financial Accounting –> Asset Accounting –> Master Data –> Screen Layout –> Define Screen Layout for Depreciation Areas

T Code :-  AO21

Step 12 :- Define Depreciation Methods

  • Define Base methods
  • Define Decline Balance Methods
  • Define Multi Level methods

SAP Menu Path :– SPRO –>IMG –> Financial Accounting –> Asset Accounting –>Depreciation –> Valuation methods –>Depreciation  Key –> Calculation methods –> Define Base methods

SAP Menu Path :- SPRO –>IMG –> Financial Accounting –> Asset Accounting –>Depreciation –> Valuation methods –>Depreciation  Key –> Calculation methods –> Define Decline Balance Methods

SAP Menu Path :- SPRO –>IMG –> Financial Accounting –> Asset Accounting –>Depreciation –> Valuation methods –>Depreciation  Key –> Calculation methods –> Define Multi Level methods

Step 13 :- Maintain Depreciation keys

SAP Menu Path :- SPRO –>IMG –> Financial Accounting –> Asset Accounting –>Depreciation –> Valuation methods –>Depreciation  Key –> Maintain Depreciation Key

T Code :- AFAMA

Step 14 :- Depreciation Run :-

SAP Menu Path :- SPRO –>IMG –> Financial Accounting –> Fixed Assets –> Periodic Processing –> Depreciation Run –> Execute

T Code :- AFAB

Step 15 :- Create Asset Master

SAP Menu Path :-  SAP Menu –> Accounting –> Financial Accounting –> Fixed Assets –> Asset –> Create

T Code :- AS01