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Fixed Assets - Initial Accumulated Depreciation

Former Member
0 Kudos

Hi,

We have a client that will launch a new company and will used the Fixed Assets add-on. Some of the assets for the new company are used assets they want to be able to register an initial accumulated depreciation for them. They also want accumulated depreciation to be a control account. Do you know of a way in which we can do this?

Thanks,

Paula

Accepted Solutions (1)

Accepted Solutions (1)

Joselito
Advisor
Advisor
0 Kudos

Dear Paula:

To incorporate legacy data in Fixed assets Add-on , the Add-on includes the functionlaity import

The Add-on after being installed will include a CSV template to be filled by you

In this CSV there is a column were you can enter all the accumulated depreciation from the start depreciation date until the first day of the Fiscal year of import.

Check the documenation in portal:https://service.sap.com/~sapidb/011000358700000838222009E

The Add-on allows two ways of posting depreciation, one, DIRECT (the Balance Account of the Asset directly decreases on each depreciation), or INDIRECT (the Balance Account of the asset is not affected by depreciation run, but instead the Accumulated depreciation Account): this is set in the depfinition of the Depreciation Area 100

Hope this will clarify your doubts,

As usual, do firt test in a demo

Jose Antonio

SAP Business One Support

Former Member
0 Kudos

Hi Jose Antonio,

Thanks for the explanation. I will test this in our test environment and let you know if any questions come up.

I really appreciate your timely response!

Regards,

Paula

Answers (0)