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How can below points need to configure in ERP
1.Fixed asset depreciation amount automatically system will split asset group wise % for respective main account code
2. Acc.depreciation( COGS+SGA ) also need to post system automatically.
Please suggest me.
Thanks,
sunil
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Hello sunil,
The sale or scrapping process should not be impacted by the allocation and should complete.
What you might, however, see in GL is that the balance on the accumulated depreciation account does not go down to $0 because the amounts have been moved to another account by making the ledger allocation.
This issue can be overcome by using all of the accounts used in the fixed asset posting profile and the ledger allocation for reconciliation.
Best regards,
Ludwig
Thank you very much for your quick response@Ludwig
For this case Leger allocation is correct as said.
In ledger allocation rule source account i am mapping Depreciation account, Destination accounts i am mapping Two accounts (COGS&SGA). After posting Ledger allocation journal. Depreciation account showing zero amount, Because After posting depreciation, Depreciation account showing some amount, Later i have posting ledger allocation journal.
Here my concern is later life of FA there any impact for FA-sale or scrap posting.
Hello Sunil,
Not sure if I fully understood this requirement but in general the depreciation will be posted by 100% on the accumulated depreciation account.
If you need to post part of it somewhere else such as on a COGS account then you can make use of ledger allocation rules that make the 75/25 split.
Best regards
Ludwig
Thanks you for respons@Ludwig
For CoGS account depreciation need to post 75% for SGA account Depreciation need to post 25% and for Accumulated Dep account need to post 100%
system will split depreciation amount % wise for respective two main accounts ?
This kind of set off is possible.
Thanks
Hi,
For 1:
The fixed asset depreciation proposals are usually done on a fixed asset level in regards to the depreciation amounts recorded and posted.
From an accounting perspective, you typically have different fixed asset groups for which separate ledger accounts are configured in the fixed asset posting profile.
So, everything seems to be available out of the box by a simple 'standard' configuration of the fixed asset module.
For 2:
Can you elaborate on the questions that you have here?
For what does COGS and SGA stand for?
Are these fixed asset groups?
Best regards,
Ludwig
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