Error in Asset Master Creation for Low Value assets

[former_member220526]

Hi,

I am trying to create an asset under the asset class Low value asset. while saving the asset the system delivers the following Error:

01 Book depreciation

E614 Low value asset max.amount exceeded. No posting allowed

02 Special tax depreciation for APC in fin.statement

E614 Low value asset max.amount exceeded. No posting allowed

I am using the standard Depreciation Key "GWG"  But when i change the depreciation key the system allows me to save the asset. Please guide me how to fix this and why system is giving this error.

Regards,

[Former Member · Accepted solution]

I suppose you need to check your configuration of Low Value Assets for each

depreciation area.

But before that, please tell me which class of Assets you are using ......Is

it the *LVA Class 5000 ( individual management )* or* 5001 ( collective

management)*. Either way, you need to assign a maximum value / maximum value

over quantity, as the case may be. Unless and until you furnish a value cap,

the asset class does not permit you to create asset master records.

Please look into your IMG under the path:

*IMG -> Financial Accounting -> Asset Accounting -> Valuation ->Amount

Specifications(Company Code / Depreciation Area) ->

Specify Maximum Amount for LVA + Asset Classes*

You would see two activities listed.

Under *Activity 1*, you need to select and assign value check (*represented

by number 1*) if you are using *LVA Class 5000* ; alternatively, you need

to select and assign Check Maximum Amount with Quantity (*represented by

number 2*) if you are using *LVA class 5001*.

You need to do this for each depreciation area you wish to apply this value

cap to and save (using the floppy icon and look out for the confirmatory

message at the bottom left of your screen).

Under *Activity 2,* You need to furnish a value cap ( a ceiling in monetary

units, currency-specifically) for each depreciation area ( a column for

document value and another for Purchase order value ( possibly to

accommodate any tax, as applicable). Please make sure that you do it for

your company code and for each depreciation area wherein you want to control

using a value cap.

Save and look for the confirmatory message at the bottom left of the screen.

Regards,

Bharti

[former_member220526]

Its been resolved by Changing settings from check max allowed value to no check of maximum value. i know this is not the proper way but it was sufficient for us as this class is used really rarely and creation is centrally

[Former Member]

Hi,

Acording to me the acquisiton you have done on the asset is more then the maximum amount of value allowed for LVA as maintained in the configuration. So this issue is coming.

Regards,

Malhar.

[Former Member]

Hi,

Please go to transaction OAYK to maintain the maximum LVA amount for both asset and purchase order.

You can also check OAY2 for Low-value asset amount and quantity check

Specifies for an asset class that you want a maximum amount check for
low-value assets (LVAs).

1. Set the indicator to '0' if you do not require a check of maximum amounts for assets in this class.

2. Set the indicator to '1' if you want to manage each LVA with its own asset master record (individual managment)

3. Set the indicator to '2' if you want several LVAs to be managed in one asset master record (collective management).

For every acquisition posting, the system checks whether or not the value for the asset divided by the quantity managed on the one record exceeds the LVA maximum amount for the company code/depreciation area. If it does, the system does not accept the posting.

regards,

otep

[Former Member]

Hi Faizan,

The error is coming because you are exceeding the limit which you maintained for the depreciation area 01.

Please check the below config :

Specify Max. Amount for Low- Value Assets + Asset Classes

Path : IMG : Financial Accounting (New) : Asset Accounting : Valuation : Amount Specifications (Company code/ Depreciation Area) : Specify Max. amount for Low value assets + Asset classes

Then check amount in "specify amount for low value assets"

Thanks & Regards,

Prakash Kumar

[Former Member]

hi ,

Can you Please what is the maximum value you have defined for LV in Asset asscounting .