Hi All Asset Supremes..
I have a problem for which I am searching for a quick reconciliation, please share your views on the same. We are approaching our go-live and had a migration strategy documented, but during the recent year end testing we observed a strange behaviour of ABST2 transaction with reference to depreciation posted during data migration.
Following are steps we followed for asset data migration:
1. Date of asset migration set in SPRO : 31.10.2013
2. Depreciation posted upto the month set as 10 of 2013.
3. Used AS91 for creation of assets with following value (example)
Asset capitalisation date 01.12.2012
- APC $1,000,000.00
- Acc. Depreciation $ 2,500.00 (upto 31.12.2012)
- Dep. during CY $ 33,333.33 (upto 31.10.2013)
4. Reset reconciliation acct using OAMK
5. Posted following FI document for asset GL balances migration
40 APC 1,000,000.00
40 Dep during CY 33,333.33 (with cost object)
50 Acc. Dep 2,500.00
50 MIgration acct. 1,030,833.33
6. Set the reconciliation accounts again using OAMK.
Note: at this stage if we run ABST2, I get a balance in Accumulated depreciation account for an amount equivalent to depreciation for year 2013 (i.e. $ 40,000-)
7. Execute depreciation run for period 11
Note: at this stage if we run ABST2, I get a balance in Accumulated depreciation account for an amount equivalent to depreciation 11 periods for year 2013 (i.e. $36,666.67-)
8. Execute depreciation run for period 12 - At this stage the difference in accumulated depreciation account is now reduced to depreciation of 10 periods i.e. $ 33,333.33- (which is equal to the depreciation amount for current year migrated in step 5 above).
Even after carrying out all the year end steps this difference is not ready to go anywhere. I have read almost everything I could find on mid year go-live and corresponding steps for asset data migration, but none of them mentions this point how the depreciation figure is treated or gets merged during FI-AA reconciliation.
I apprecaite your help on this on urgent basis.
Regards
Rohit.