Query on Fixed Assets

[rey_miranda]

Hi, FI gurus.

Can I ask the group about fixed asset accruals and reverse posting?

Is there any way we could accrue fixed asset without MIGO. If it si FBS1, then this should be answered.

And how we reverse accrual when PO/DO is received and MIGO has to be done? Is it still thru FBS1 or F.81? What is the process?

How about the capitalized date and depreciation to be decided when the accrual has been reversed and MIGO has been done for the fixed asset, how to reverse it?

Thanks for your time.

Regards,

Rey

[former_member198650 · Accepted solution]

Hi Rey,

You can reverse the accrual posting by F.81. The capitalization date would be captured from the posting date of the document and depreciation start date will derive based on the period control used in the depreciation key for the asset.

Regards,

Mukthar

[rey_miranda · Accepted solution]

Thanks, Mukthar.

What if accrual has been done on the asset, do we still need to reverse the MIGO that was done to that asset? If so, will there be any impact, esp now that the previous year has been closed? Will this MIGO reversal impact the system negatively?

Hope you could help us find the answer.

Thanks.