Asset Accounting

Asset Accounting manages and supervises fixed assets. It serves as a subsidiary ledger to the General Ledger, providing detailed information on transactions involving fixed assets.

Asset accounting is a subsidiary ledger of the general ledger, and is used to manage and document fixed asset transactions in detail. In general ledger accounting, you can update depreciation and changes to asset balance sheet values in asset accounting. You can also make various account assignments to cost accounting for these transactions.

The following functions are provided to support this building block:

• Acquisition from purchase with vendor
• Acquisition with automatic offsetting entry
• Retirement with revenue
• Asset sale without customer
• Post-capitalization
• Write-ups
• Settlement assets under construction
• Down payment request for assets under construction
• Depreciation posting run
• Posting acquisition and production costs values
• Depreciation simulation or primary cost planning

• Entire lifetime of the asset from purchase order or the initial acquisition (possibly managed as an asset under construction) through its retirement
• Calculate values for depreciation and interest
• Depreciation forecast