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Asset reversal prior year in SAP. Could you please let me
the process to reverse a prior year of an asset with
depreciation and the risk that it might involved?
Many thanks

Answers were Sorted based on User's Feedback



Asset reversal prior year in SAP. Could you please let me the process to reverse a prior year of a..

Answer / venkatesh.cgip@gmail.com

Hi,
You can reverse the Asset in T.C: ABO8
If you reverse the asset, the depreciation also
automatically reverse. You can see the report in T.C: AW01N
Then please post asset in T.C: ABSO by creating the
Customized transaction type.
Once you create the asset, then please run the depreciation
as Unplanned for previous periods.

I hope you will understand the above process. If not?
please reach me at venkatesh.cgip@gmail.com

Is This Answer Correct ?    8 Yes 0 No

Asset reversal prior year in SAP. Could you please let me the process to reverse a prior year of a..

Answer / dheeraj sachdev

If the previous year is closed (AJAB), then you cannot reverse.
Else AB08 will do the necessary.
Asset Value Date and Posting dates need to be carefully selected. If the posting date is in the current year, the Asset Reports will not tie with GL.
If Asset Account is not closed (but the financial year has been reported on, then this is clearly a high risk scenario because SAP and published report will not tally.

Is This Answer Correct ?    3 Yes 1 No

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