In SAP Asset Accounting, it is required to remove an asset partially or completely from asset portfolio. This is called asset retirement or asset scrapping. There are following types of retirement − When you sell an asset, it results in revenue being earned. The sale is posted with a customer. Read more…
In SAP Simple Finance, you can create a new asset under Asset Accounting. An asset in accounting is known as any tangible/intangible resource that can add a value and can be included in the financial statement. Step 1 − To create a new asset, navigate to Accounting → Financial Accounting Read more…
Asset Accounting in Simple Finance is used for monitoring of assets in SAP system. In SAP Accounting powered by HANA system, you have only new asset accounting available with new G/L accounting. As SAP Finance system is integrated with other modules, you can move data to and from other systems, Read more…