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Fixed Assets Capitalizations, Transfers and Disposals in #SAP

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  Fixed Assets Capitalizations, Transfers and Disposals in #SAP Capitalization According to chatgpt4o.one: “In SAP, the capitalization of fixed assets refers to the process of recording the acquisition costs of an asset in the Asset Accounting (FI-AA) module. This process ensures that the costs associated with acquiring an asset are properly reflected in the company's financial statements and that the asset is depreciated over its useful life.” In order to capitalize, we will analyze 1 options: F-90 – asset purchase from vendor. This reflects a purchase through and invoice without purchase order. Consider that capitalizations usually happen through a Purchase Order, in which case the purchase process is followed with PO, Goods Receipt and Invoice. Asset is capitalized using posting key 70, following the asset number. This asset is linked to an asset class, which in turned is linked to it´s own account determination. By entering the asset and the transaction type (100), th...
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Fixed Assets Master Data and Basic Customizing in #SAP

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Fixed Assets Master Data and Basic Customizing in #SAP What is #FixedAssets in #SAP? According to ChatGPT 4o - Free Online Unlimited :   “In SAP, fixed assets refer to long-term tangible and intangible assets that a company owns and uses in its operations to generate revenue. These assets are not intended for sale in the regular course of business and typically have a useful life of more than one year. The management of fixed assets in SAP is handled through the Asset Accounting (FI-AA) module, which is part of the Financial Accounting (FI) component. Key Features of Fixed Assets in SAP: 1.  Asset Master Data : Each fixed asset is represented by an asset master record, which contains essential information such as asset description, acquisition date, cost, location, and depreciation method. 2.  Acquisition and Capitalization : SAP allows for the recording of asset acquisitions, whether through purchase, construction, or transfer. The costs associated with acquir...
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Down Payments in #SAP

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  Down Payments in #SAP By Cristian Bøhnsdalen   What are #DownPayments in #SAP? According to chatgptfree.ai #artificialintelligence: “In SAP, downpayments refer to advance payments made to vendors or customers before the delivery of goods or services. Downpayments are typically used to secure a commitment from the other party and ensure timely delivery or performance of the agreed-upon goods or services. In the context of Accounts Payable (AP) and Accounts Receivable (AR) processes in SAP, downpayments can be recorded and managed using the Down Payment Request (DPR) and Down Payment Clearing (DPC) functionalities. When a downpayment is made to a vendor, a Down Payment Request (DPR) is created in SAP to record the advance payment. The DPR specifies the vendor, amount, payment terms, and other relevant details. Once the goods or services are delivered, the downpayment can be cleared against the subsequent invoice using the Down Payment Clearing (DPC) functionality...
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