Does anyone have documentaiton and more information about the Fixed assets module which ships standard with SBO?
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Check this Landing Page of the Fixed Asset Addon on the SMP:
Is there any more information about the standard SBO Fixed Assets Add-on
In the help document it states "Name of asset class corresponds to the item number", does each asset class does not have a name
Please check this thread regarding your question does each asset class not have a name :
Thanks. After reading all the documentation and threads, I have the following questions
1. Where is the best place to enter the physical location of the asset (so that it could work well with future reporting features)
2. What settings are required for VAT/Tax groups for FA add-on
3. Anything which is important relation to fiscal year information
4. G/L a/c determination
If you have one type of fixed assets (e.g. vehicles)
1. How does the asset relate to the "class"
e.g. I have 4 vehicles, each which is an "Asset Master entry", but the all belong to the same class (same GL acc, life, etc)
5. What is the Relationship between Fixed Asset Master Data and Item Master Data
6. How does the Fixed asset module use Item Groups?
7. How is asset class different from item groups in terms of master data?
8. Where is Asset classes stored and how are they selected per "asset"
9. Can an asset be bought using the standard Puchasing side?
1. One of our customers records the physical location in a User Field, although there are currently no reports available to get this data out!
2. The tax code will be the one you would use when purchasing or selling assets - the SAP codes should be available in the table.
3. The fiscal years will be the same as in SAP - the system will not cope at all with a shorter that 12 month fiscal year, or any changes to the fiscal year dates. It is important to run a Fiscal Year Change as soon as possible after the end of the actual fiscal year.
4. GL Account determination - this will depend on your localisation and the relevant tax rules / reporting requirements. I recommend testing this thoroughly for several scenarios.
If you have only one type of Asset, you will have one class. Generally the Classes will relate to asset groupings such as Land & Buildings / Motor Vehicles / Office Equipment etc.
5. There is no relationship between Fixed Assets & Items, other than that each Asset Class becomes an Item in the Item Master, for this reason, we have used a class name Z- "class name" so they sort at the end of the range & don't get in the way on a day to day basis.
6. As above
7. As above
8. When adding a new asset, you choose the Asset Class, which will then default the account determination & depreciation type. These can be changed by asset if required.
9. You do still need to use purchasing if you want to issue PO's etc. You set up a clearing account which all asset purchases & retirements go through, then you contra this account when setting up the asset in the fixed assets module.
The best way to get to know this is to set up a test system & see what happens when the different transactions are posted.
Thank you for the reply. My only question would be, if the Asset is not part of Item Master Data, how is it used in standard Purchasing?
Is the Asset Master data completely different from Item Master
In an Asset Class enters Item Master Data - Is it set as "Items", and which Item Group is used?
In the fixed asset add on help file it states that u201Cyou should assign all asset classes to an item group that is used exclusively for asset classesu201D. Does this mean that we should create an Item group called u201CAsset Classu201D
In Item Master should these Asset classes be marked as u201Cfixed assets check box, all other options un-checked and item type as itemsu201D
The u201CItem codeu201D now effectively becomes the Asset class numbers
Item Code: Z-101 Buildings Item Group: Assets Name: Assets: Buildings
Item Code: Z-102 Low Value Item group: assets Name Assets: Low Value asset
Item code: Z-103 Vehicles Item group assets Name Assets: Vehicles
The asset data and the item data are completely separate, stored in different tables. If you are turning a stocked item into a fixed asset, you will need to issue it from stock and create an asset / asset journal to record this.
Items are stock from a GL perspective (current assets) and assets are long term assets so are managerd differently.
You create your asset class in the Fixed Assets module and this will create an item in the Item Master data. There are a number of UDF's created in the Item Master at the time of install which are used, the default item group is Items.
I have had some of them. it is FA 2004A, 2005A and 2007A version. Join the yahoo group SBO Knowledge village to access and download the files