Asset Down Payment

[Former Member]

Hello All,

We are making down payment for asset, and configuring AO90 for that, but our client wants to assign GL account for Loans and advances (Capital advances) in Acquisition asset tab, whereas as per Standard SAP it allows only Balance sheet Asset account.

His argument is that as per Company's Act 2013 advances for capital assets should come under head capital advance GL - normal GL and not Recon GL of Asset...

Please suggest

Is there any note available to put normal GL instead of Recon GL

[former_member198650]

Hi Bhavana,

You have to define a reconciliation account in AO90 for down payments. Because here system posts to asset a/c. Due to this it is asking for recon.account. You have to convince your client, for define recon.account instead of normal a/c,  but this will create under  capital advance GL .

However, if you do not want to post asset entry at down payment posting, you have to follow the instruction suggested by Mr..

Regards,

Mukthar

[Former Member]

Hi Bhavana.

You cant post to a reconcilation account directly, so you cant put a reconcilation account  in the down-payment clearing account field in AO90.

If you do it systems gives you an error.

[former_member1412]

Hi Mukthar,

Our client following below steps, please help

Create a PO with main asset

vendor down payment request with PO- FBA6

Post vendor down payment request with PO- FBA7, then the asset is eligible for the Depreciation and which is wrong, the depreciation should calculate after acquiring the asset. so can you please help what is the correct process to meet this requirement