Asset migration - difference between first day of new year or last day of last year?

[former_member652706]

Dear community,

when you want to migrate an asset, you need to define a takeover-date. When you want to migrate at the beginning of a fiscal year, you can decide whether you want to define the takeover-date as the last day in the previous (fiscal) year or as the fist daý of the new (fiscal) year.

Does it have any effect which variant I choose? And if so, should I prefer one variant over the other?

Thanks a lot in Advance!

[JonathanEemans · Accepted solution]

Hi,

The takeover date is only relevant in case of a mid-year asset migration.

Best regards,

Jonathan Eemans

[former_member652706 · Accepted solution]

Hi Jonathan,

so basically that means for a year-end migration (e.g. taking over balances from 2019 into 2020 in our new system) it doesn't matter if we are using 31/12/2019 or 01/01/2020?

Thx a lot!

[JonathanEemans · Accepted solution]

Hi,

Your assets are migrated at the end of the previous fiscal year. Thus normally you also take g/l balances at the end of the year as declared in your regularly reporting for 2019.

Normally you don't post anything anymore in your old system in 2020 when you migrate to a new SAP environment. Consequently, there shouldn't be any posting with posting date in 2020 in your old system.

Best regards,

Jonathan Eemans