The system uses the transaction type 290 for proportional values with retirements. For transfers it uses transaction types 390/395 (transfer retirement/acquisition). There are special considerations for the retirement of low value assets (LVAs).
In this posting transaction, you have to post the revenue (debit A/R, credit revenue from asset sale) first, and then post the asset retirement. An indicator in the posting transaction specifies that the system posts the asset retirement after the revenue posting.
In this posting transaction, you have to post the revenue (debit A/R, credit revenue from asset sale) first, and then post the asset retirement. An indicator in the posting transaction specifies that the system posts the asset retirement after the revenue posting.
Transaction code, AS03, is used to display an asset master record. You would perform this procedure to verify the location of an asset.
To create a new asset, navigate to Accounting → Financial Accounting → Fixed Assets → Asset → Create → Asset or use Transaction code AS01.
Asset Retirement with transaction code ABAVN To retire an asset go to Navigation: SAP Easy Access -> SAP Menu -> Accounting -> Financial accounting -> Fixed Asset -> Posting -> Retirement -> Asset Retirement by Scrapping. Alternatively: Transaction code ABAVN.
In ECC system the Transaction code AS91 is used to create asset master and also post asset values in asset accounting through 'Takeover values'.
When we scrap an asset, there is no revenue associated with a retirement. To retire an asset by scrapping, we'll enter transaction code ABAVN.