If you have to deal with UOP depreciation and SAP Group Asset functionality, you'll want to read this to see what SAP is cooking up.
Ever wondered what exactly a group asset was and how it's different from a regular asset?
After reviewing the merits and situations of adding new depreciation areas into a live system in the previous blog, this one will go through the nuts-and-bolts of executing the transaction. It's demo time!
Are all of your depreciation areas correct? Do you trust them to provide the right values (asking the tax group specifically!!!)? Are you implementing a new ledger in the GL? Is this an archiving project? Based on how you answer each of those questions it may be necessary to create...
The final blog in a series about how to identify, research, and ensure that the fixed asset subledger always ties to the GL.
The third installment in the AA-to-GL Reconciliation blog series talks about some other useful SAP programs that can help you get through this issue.
Have you found an Asset-to-GL reconciliation issue in your ECC system? How do you confirm it? More importantly, how do you fix it? SAP has some built-in program to assist but there are several more you can download that assist with this effort!
It's so important that the fixed asset subledger reconciles to the GL. But since they are designed with a subledger-to-ledger relationship, shouldn't they always be in sync? Doesn't SAP have special reconciliation accounts to ensure that they are? Read this blog to see why this isn't always the case and...
If you're here then you probably already know about how the IRS has a separate depreciation schedule for passenger vehicles (including electric vehicles). This was referred to as luxury auto depreciation. This blog will show you that it can easily be done in SAP.
SAP can easily handle US tax depreciation requirements. In this blog, I'll show how the US Mid-Quarter convention works.