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Former Member
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Could anyone Pls send the Asset Procurement Business Transaction

from the ASSET master to Payment

Thanks

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Dear,

Please find the Asset procurement process as requested:

Regards,

Prashanth Pai

"Award, If usefull"

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6. Asset Procurement u2013 Business Process Procedure.

Purchase Order

Use

A purchase order is a legal document used to record an individual purchase with the vendor. It also provides the vendor with a reference document to link to shipping (goods receipt) and invoicing (invoice verification) processes. The purchase order is a commitment to a vendor for a given material, in a specified quantity at a predetermined price and delivery date.

This transaction is mandatory for the process.

Prerequisites

1. Check whether the asset material is created with the Material type u201CNon-Valuated Materialsu201D.

2. Before creating purchase order if this vendor is subject to Tax Deduction at Source (TDS) or with holding tax please ensures that necessary entries in vendor master is updated.

3. Asset Management Module Active.

4. Check with the Account Team whether the Asset is created for which you are going to purchase.

Procedure

7. Access the transaction choosing one of the following navigation options:

SAP R/3 menu Logistics  Materials Management  Purchasing  Purchase Order  CreateVendor/Supplying Plant Known

Transaction code: ME21N

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6.2 Goods Receipt for Purchase Order

6.2.1 Use

Goods are received from the Vendor as a result of a Purchase Order at the receiving plant. A goods movement is entered into the system referencing this PO and a goods receipt material document is posted. Appropriate general ledger accounts are also posted and stocks are updated.

6.2.2 Prerequisites

Purchase Order

6.2.3 Procedure

1. Access the transaction choosing one of the following navigation options:

SAP R/3 menu Logistics  Materials Management  Inventory Management  Goods Movement  Goods Receipt  For Purchase Order  PO Number Known

Transaction code: MIGO

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6.3 Post Excise Invoice

6.4.1 Procedure

Access the transaction choosing one of the following navigation options:

SAP R/3 menu CIN Easy Screen(J1ILN)  Indirect Taxes  Procurement Incoming Invoice  Central Processing ->Post Excise Invoice

Transaction code: J1IEX

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6.4 Logistics Invoice Verification

6.5.1 Use

In this process of Logistics Invoice Verification all the Incoming Invoices are verified in terms of their content, prices and arithmetic. When the invoice is posted, the invoice data is saved in the system. The system updates the data saved in the invoice documents in Materials Management and Financial Accounting.

6.5.2 Procedure

6. Access the transaction choosing one of the following navigation options:

SAP R/3 menu Logistics  Materials Management  Logistics invoice Verification  Document Entry  Enter Invoice

Transaction code: MIRO

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Answers (3)

Answers (3)

Former Member
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Is it mandatory to maintain to ASSET material as NON-VALUATED Material ?

regards

Shrey

Former Member
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There is no hard and fast rule to use "non-valuated " material type for assets.

you can use valuated material type and create material master.

you can procure the material and get into inventory.

Then you can issue to Asset.

Another option is to use this material in PO with account assignment catagory as A

when you do GR, it will directly go to Assets. it wont come to stores inventory.

if non-valuated material is used, in PO itself it will ask for account assignment which you have to give as A.

Former Member
0 Kudos

Hi Mohan,

you can procure the Asset Mat. by three way.

1. PO ( A = Asset) ---> GR ( Mat. Will be posted to Asset A/c.) ---> IV.

2. PO ---> GR -


> Issue the material using Internal Order -


> IV.( Standard Procurement Process)

3. PO( A=Asset) -


> GR -


> IV ( Here Material is Non-Valuated, During GR Stock posting will take place but material value will be posted to Asset A/c).

hope its help you.

manoj singh

Former Member
0 Kudos

Hi,

For Asset procurement,maintain Account Assignment Category 'A' and PO and give the Asset which directly goes for consumption.

In J1id,select the Asset in Matl and Chapter Id combination as the 50% value has to go to On-Hold account.

Create the tax codes with Input tax,Tax procedure and assign the corresponding values.

Do the GR and here u need not enter the storage location as it's for consumption.

Do the MIRO.

Regards