User Manual FI08.

04

Title: Asset Transactions- Retirement

Module Name Asset Management

OVERVIEW

Business Process Description Overview

This process covers the removal of an asset or part of an asset from the asset portfolio. This removal of
an asset (or part of an asset) is posted from a bookkeeping perspective as an asset retirement.
In Asset Accounting, the removal of an asset by sale, as well as any resulting revenue, can be
posted in a single step. At the same time, you can choose to post to Accounts Receivable (through
integration with Financial Accounting) or to a reconciliation account .

The below transaction of retirement will be covered in the following pages

FI08.04.01 Retirement with Customer F-92

FI08.04.02 Asset Sale without Customer ABAON
FI08.04.03 Asset retirement by scrapping ABAVN
FI08.04.04 Subsequent Revenue ABNE
FI08.04.05 Subsequent cost ABNK

FI08.04.01 RETIREMENT WITH CUSTOMER

Via Menus Accounting Financial Accounting Fixed Assets Postings

Retirement Retirement with Revenue With Customer

Via Transaction Code F-92

Input - Required Fields Field Value / Comments

Document Date The vendor document date
Document Type The appropriate document type
Company Code Select from the option.
Posting Date Defaults to System Date
Currency INR or appropriate currency based on the procurement
Reference Enter any reference text.
Doc.Header Text Enter any text for customer sale.
Posting Key 01
Account number Enter the customer account number
Amount Enter the sale amount of the asset.
2nd Posting key 50
Account number Enter the sale of asset GL account from the selection.

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Module Name Asset Management

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Module Name Asset Management

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Module Name Asset Management

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Title: Asset Transactions- Retirement

Module Name Asset Management

Click on the asset retirement box .

If not ticked the asset retirement will not take place.

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Module Name Asset Management

Press Enter or click on the icon

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Module Name Asset Management

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Press Enter or click on the icon

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Title: Asset Transactions- Retirement

Module Name Asset Management

Once the entry is simulated, click on the SAVE icon

The following screen will be displayed on the next screen with the message at the bottom of the screen
after verifying the data.

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Module Name Asset Management

Message reads: Document 18xxxxxxxx was posted in company code 10xxx

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Module Name Asset Management

END OF TRANSACTION

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Module Name Asset Management

FI08.04.02 ASSET SALE WITHOUT CUSTOMER

Via Menus Accounting Financial Accounting Fixed Assets Postings

Retirement Retirement with Revenue Asset sale Without
Customer

Via Transaction Code ABAON

Input - Required Fields Field Value / Comments

Company code Enter your company code from the selection
Asset number Enter the asset number which has to be retired.
Document Date Enter the date of the document.
Posting Date It is default by the system as entry date.
Asset Value Date Enter the date on which the asset should be retired from th system.
Text Enter the text for the asset retirement; any user defined text can be
entered.
Manual revenue If, there is manual revenue, enter the actual amount.
Revenue from NBV If , retirement is without revenue select the value as net book value only
from depreciation area 01

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Module Name Asset Management

Press Enter or click on icon

If partial retirement click on the Partial retirement (The tab will get dark blue)

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Click on the Simulate icon

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The entry is displayed, once entry is found OK.

Click on the SAVE icon

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Message displayed at the bottom of the screen Asset transaction posted with document no. xxxx
01xxxxxxxxx

END OF TRANSACTION

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FI08.04.03 ASSET RETIREMENT BY SCRAPPING

Via Menus Accounting Financial Accounting Fixed Assets Postings

Retirement Asset retirement by scrapping

Via Transaction Code ABAVN

Input - Required Fields Field Value / Comments

Company code Enter your company code from the selection
Asset number Enter the asset number which has to be retired.
Document Date Enter the date of the document.
Posting Date Is default by the system as entry date.
Asset Value Date Enter the date on which the asset should be retired from th system.
Text Enter the text for the asset retirement; any user defined text can be
entered.

Incase scrapping is partial click on the Partial retirement tab (It will be in dark blue colour)

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Module Name Asset Management

Click on the Simulate icon

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Entry is displayed on the screen.

Once entry is found OK, click on SAVE icon

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Message reads: Asset transaction posted with document no 01xxxxxxxxxxx

END OF TRANSACTION

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FI08.04.04 SUBSEQUENT REVENUE ON ASSET SALE

Via Menus Accounting Financial Accounting Fixed Assets Postings

Retirement Subsequent revenue

Via Transaction Code ABNE

Input - Required Fields Field Value / Comments

Company code Enter your company code from the selection
Asset number Enter the asset number which has to be retired.
Asset sub number Enter the sub number of the asset. if any.
Document Date Enter the date of the document.
Posting Date Is default by the system as entry date.

Press Enter or click on the icon

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Click on the SAVE

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Module Name Asset Management

Message reads: Asset transaction posted with document number xxx

END OF TRANSACTION.

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Module Name Asset Management

FI08.04.05 SUBSEQUENT COST ON ASSET SALE

Via Menus Accounting Financial Accounting Fixed Assets Postings

Retirement Subsequent revenue

Via Transaction Code ABNE

Input - Required Fields Field Value / Comments

Company code Enter your company code from the selection
Asset number Enter the asset number which has to be retired.
Asset sub number Enter the sub number of the asset. if any.
Document Date Enter the date of the document.
Posting Date It is default by the system as entry date.

Press Enter or click on the icon

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Title: Asset Transactions- Retirement

Module Name Asset Management

Click on the SAVE icon

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Title: Asset Transactions- Retirement

Module Name Asset Management

Message reads: Asset transaction posted with document number xxx

END OF TRANSACTION.

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