2 Replies Latest reply: Apr 13, 2013 5:03 AM by George Lin RSS

VAT fixed asset acquisition

Cecilia Penelas
Currently Being Moderated

Hi,

 

The VAT of the Fixed asset acquisitions should be capitalized.

 

The main problem is the users are asking for having the amount of the VAT in a separate account and in the value of the asset.

For example:

 

Asset 100

Vat      21

Total invoice 121

 

Postings:

 

100 to APC asset account

21 to an account to be defined

 

The value of the asset should be 121.

 

 

Do you know if this is posible?

 

Thanks,

Cecilia

  • Re: VAT fixed asset acquisition
    Malhar Jain
    Currently Being Moderated

    Hi,

     

    According to my thinking, the above requirement is not possible. The reason is that while posting the Asset Acquisition with 100rs then system will take 100 rs only as asset value but then if you want to add 21 rs to the same asset then I think ABSO T-code can be used by which you can pass 21rs entry. But at the time of F-90 entry of only 100rs is to be done.

    Kindly check. I am not sure whether the same will work or not.

     

    Regards,

    Malhar

  • Re: VAT fixed asset acquisition
    George Lin
    Currently Being Moderated

    Hi Cecilia

     

    You can try following way:

     

    1, post APC 100 via ABZON or FB01

    2, post APC revaluation with positive 21 via ABAW, in which transaction you can use a different account

     

    Regards

    George

Actions