SAP B1 9.3 - Import of fixed asset masters in between Financial Year

[former_member615153]

Hello Experts,

Our localisation is India. We will be going live on SAP Business One on 1st July 2019. Since the Financial Year
( April 2019- March 2020) has already started and assuming that there are no sale, transfer or retirement of Fixed Assets from 1st April 2019 to 30th June 2019, can I proceed with uploading Fixed Assets Master Data in the below manner-

1. For the Fixed Assets purchased on or before 31st March 2019, Import the values of fixed asset gross block and accumulated depreciation balances as of 31st March 2019;

2. For the Fixed Assets purchased on or after 1st April 2019, import the values of fixed asset gross block and Accumulated depreciation as of 30th June 2019, and import capitalisation dates as the original purchase date;

3. After the import, perform the depreciation run.

Kindly share your thoughts.

Regards,

Govind

[sukhbold_altanbat · Accepted solution]

Hi GovInd,

SAP B1 doesn't support FA import during the fiscal year, but only in the beginning of fiscal year as per SAP help documentation (https://help.sap.com/doc/saphelp_sbo900/9.0/en-US/13/fa428e151341319a671dcda0536a22/content.htm).

1) You are correct!

2) I guess, You need to manually capitalize one by one with exact posting date (between April to July) instead of importing them and run the depreciation for April, May and June.

Thanks,

Sukhbold

[ahmad-hamad72 · Accepted solution]

Hi ,

I have the same case , my client will have the balances of 30-JUNE-23 , but there is new assets added between JAN and JUNE .

in this case i need to add these new assets manually and do the AP invoice to do the captilization then the outgoing payment .

for this , the opening balances of 30-JUNE-23 , should not have these amounts of assets transaction ? so these transactions will match the balances .

correct me if i'm wrong if this is the best solution .

Regards.