Press the Settlement Push Button. Enter the Asset Value date (The date from which the Asset being capitalized and depreciation will start.) Press Enter. Press the Execute button. Now press back button Actual Assets is Capitalized from the Asset Value Date, Asset under Construction is getting zero. Asset Value can check through Asset Explorer.
Full Answer
How to settle an asset under construction in SAP?
3.1) To settle an asset under construction go to Navigation: SAP Easy Access -> SAP Menu -> Accounting -> Financial accounting -> Fixed Asset -> Posting -> Capitalize Asset u. Const. ->Settle.
What is settlement cycle in SAP?
When production process is completed, settlement run is executed and cost is settled to assets. In SAP both WBS element and IO are cost objects. WBS is related to Project System (PS) and Internal Orders (IO) are related to Controlling (CO). To run the settlement cycle, there must be some cost in the WBS element.
How are settled costs displayed in SAP KBA?
For each settlement document, the system displays a row (AUAK table). For each original totals record key/receiver (AUAS and AUAA tables), the settled costs are displayed in a row, in order of hierarchy. Analysis of posting date, period & dates in general: Check SAP KBA 2570819.
How do I display the settled costs in the analysis?
There are two display options for the analysis: The settlement documents are selected. For each settlement document/original totals record key/receiver (AUAK, AUAS, AUAA tables), the settled costs are displayed in a row. The settlement documents are selected. For each settlement document, the system displays a row (AUAK table).
When is a status change check allowed?
Status change check is allowed when closing a project or WBS element in the source system. Status change check is allowed when setting the deletion flag status for a project or WBS element in a source system.
Can investment profiles be deleted?
The investment profile can only be deleted in the source system as long as the asset under construction is not yet capitalised.
Can changes be replicated in SAP Central Finance?
If changes are needed in projects/WBS then that can be done on the original source system and these changes can be replicated using SAP Central Finance scenarios.
Can WBS be settled in SAP?
To make it clear please see below images. In Image 1 you can see that settlement of WBS was possible only for those WBS which are originated in SAP S/4HANA but with 2020 FPS1 it is possible to settle even the replicated WBS being originated in Source system
Purpose
The purpose of this page is to clarify the understanding of the system logic and requirements in relation to the settlement of asset under construction through transaction codes AIAB and AIBU.
Overview
The following paragraphs and screen shots will describe an EXAMPLE in steps of a settlement of asset under construction using transaction codes AIAB and AIBU and provide an explanation of the functionality of the main fields and buttons.
Preparing scenario
1.1) Create an asset under construction using asset class that refers to AUC. and post two acquisitions to this asset with different posting date, please refer to the following link how to post acquisitions: Asset acquistion.
S etting distribution rules through transaction code AIAB
2.1) To set distribution rules to an asset under construction go to Navigation: SAP Easy Access -> SAP Menu -> Accounting -> Financial accounting -> Fixed Asset -> Posting -> Capitalize Asset u. Const. -> Distribute.
Settlement AUC through transaction code AIBU
3.1) To settle an asset under construction go to Navigation: SAP Easy Access -> SAP Menu -> Accounting -> Financial accounting -> Fixed Asset -> Posting -> Capitalize Asset u. Const. ->Settle.
What is settlement factor?
Settlement Factor, Enter the quote for each receiver as an absolute value. Taken as a whole, the settlement factor represents the settlement ratio (such as for instance 60:40) for which costs are allocated. The system automatically calculates the percentage for each unit.
What asset class is used for AuC?
You can either mark the standard available fixed asset class 4000 as the default class to create asset under construction or create a custom fixed asset class.
Is 4000 asset class an AuC class?
So, here marked 4000 Asset Class as AuC class and also the depreciation method should always be 0000 – No automatic depreciation
Is AuC a fixed asset?
A : So, When posting the initial expenses/cost the AuC asset is changing its status to Capitalized – Yes this is right AuC is nothing but a fixed asset with a special fixed asset class (with the AuC Indicator set to true).So there is no difference in the status handling between AuCs and FXAs.
What is Asset Accounting in SAP?
Asset Accounting in SAP FICO can manage all your fixed assets, irrespective of your industry and country. We usually call it a subsidiary ledger of FI.
How to Define Depreciation Area in Asset Accounting SAP FICO?
A depreciation area in SAP FICO Asset Accounting contains the parameters you require to value an asset. It is denoted by a two-digit key.
What is fixed asset?
A fixed asset can be a simple asset or complex asset. Simple Asset: A simple asset is represented by the main asset number and does not have any sub-asset. Complex Asset: While a complex asset is denoted by the main asset number that contains one or more sub-asset. We represent it with asset sub-numbers. Related: SAP FICO Interview Questions on ...
What is account determination in asset accounting?
Account Determination in asset accounting creates a link between the asset classes and the GL accounts.
Why is it important to value fixed assets?
It also gives a view of historical valuation. Likewise, it provides valuation regarding retirement or scraping an asset before its economic life expires.
Why is asset class important?
Asset Class helps to make structure assets based on business and legal requirements. It further enables you to classify them for accounting purposes.
Do you have to learn Asset Accounting?
You must learn these Asset Accounting settings and configurations practically in order to properly set up the Asset Accounting into the SAP system.
How to see transactions performed via settlement run?
Go to asset explorer and enter the asset number maintained in the settlement rule. Here, you can see the transactions performed via settlement run.
What is the tcode for WBS settlement?
Once you have checked all the configuration you need to run the settlement via tcode CJ88 for WBS settlement to assets.
What is receiver object in settlement?
In settlement run receiver object is an asset. Make sure asset master data is present in the system.
How To Book Cost In The WBS Element?
In any production process cost is booked in cost objects via postings made in the financial accounting.
Searching For SAP Notes / Knowledge Base Articles
Previous Settlements
- On the initial screen for settlement, you can display the previous settlements for a sender by choosing "Goto -> Previous settlements". This shows you the detailed procedure in which the sender was settled, which debits were made for each settlement, and how these debits were dis…
The Flow Trace
- 3.1 General Introduction to The Flow Trace
From Release 4.0 it is possible to write a flow trace for a single settlement. You can activate this in the initial screen menu in KO88 by choosing "Extras -> Activate flow trace". Once you have called up the settlement, you can see the basic list of the log. This provides a very good picture … - 3.2 Example 1: Settlement of a Production Order with Status REL
When you settle production order 60003641 the flow trace provides the following information: Initially the flow trace shows which sender was processed, in this case order 60003641. Then the settlement rule is read in three steps: 1. Determine settlement transactions 2. Distribution rule 3…
Report RKACSHOW
- SAP note 28145provides an overview of the use of the technical validation report RKACSHOW. The following explains how the report can be used especially for settlement.
Report Rka_Settle_Tables_Compare
- You can analyze the tables that are relevant to settlement using the RKACSHOW report. A typical analysis would include the debits on the sender, the settled values, and the settlement documents. The RKA_SETTLE_TABLES_COMPARE analysis report has especially been developed for settlement. This report displays tables relevant to settlement as well as additional functions. …
Related SAP Notes/Kbas
- SAP KBA 2172375- How we search [Video] SAP note 373685- Information: Previous settlements SAP note 28145- Using technical inspection report RKACSHOW SAP note 2825861- Performance of CO88: Settlement to material without exclusive lock SAP note 2750967- Parallel settlement to asset and material SAP note 2865587- Parallel settlement to asset and material - corrections
Purpose
Overview
- The following paragraphs and screen shots will describe an EXAMPLE in steps of a settlement of asset under construction using transaction codes AIAB and AIBU and provide an explanation of the functionality of the main fields and buttons.
Preparing Scenario
- Creating the Assets: 1.1) Create an asset under construction using asset class that refers to AUC. and post two acquisitions to this asset with different posting date, please refer to the following link how to post acquisitions: Asset acquistion. 1.2) After creating and posting to this asset, AW01N should appears like the following picture: 1.3) Create another asset with a non-asset un…
Setting Distribution Rules Through Transaction Code AIAB
- 2.1) To set distribution rules to an asset under construction go to Navigation: SAP Easy Access -> SAP Menu -> Accounting -> Financial accounting -> Fixed Asset -> Posting -> Capitalize Asset u. Const. -> Distribute. Alternatively: Transaction code AIAB. 2.2) Fill out Field Asset with your asset number already created and with postings (press F8) 2.3) Select the first of the two line items a…
Settlement AUC Through Transaction Code Aibu
- 3.1) To settle an asset under construction go to Navigation: SAP Easy Access -> SAP Menu -> Accounting -> Financial accounting -> Fixed Asset -> Posting -> Capitalize Asset u. Const. ->Settle. Alternatively: Transaction code AIAB 3.2) Fill out Field Asset with your asset under construction number already created with postings, same that you used in...