Thank you for the wonderful sessions. It helps me to understand SAP and its background processes. How is the value settled for AUC? You have defined an investment profile while creating the WBS element. Does it (Investment profile) have the configuration to settle at AUC? Since in the last video for the investment order, you have defined the settlement rule in the KO03 itself, for settling investment order to AUC and AUC to fixed assets separately, here you have given only the settlement rule for settling from WBS to fixed assets.
Hi Abdul, Thank you very much. That was excellent. I have been searching for the configuration on above scenario on AUC with Down Payment to vendor. Would you be able to help please.
Thanks, @abdul it was a great session as always. I am new to asset accounting and hence was wondering about the periodic settlement; shouldn't that be on a real-time basis, and why should there be a need to settle it each period. AUC to the final asset is understandable but WBS to AUC should be in real time. Did i miss something in the process, any suggestions or thoughts on this?
Hi Galal, how if we already posted the expense to WBS Expenses. however we must capitalize that expense to AUC? should I Reclass on Journal Manual? or any another way? thank you
Hi Galal, Really nice explanation. Thank you. We are facing one issue. Client has multi year project and they settle WBS to AUC periodically and FUL. Some time they receive credit from the previous years which they book in the current year. So, in the current year it shows negative balance on WBS. When we try to settle, the system shows KD99 error: Settlement amount > available amount. How do we solve this kind of issue? Is there any config available to that allows system to settle negative amount to AUC? Thanks.
Hi 1. In CJ88 - Processing type we have different option i.e. Automatic, full settlement, what is the concept of using them How to use them if we have two settlement rules one for AUC and other for fixed asset 2. Is it necessary set status of WBS element TECO before doing settlement (CJ88) in SAP ECC system
Hi Can anyone answer, What will happen to the GL posting for electricity and insurance, Will they be transferred to Asset Account. I am asking as Electricity and Insurance else will be posted to P&L because of their account type nature.
Hi! do you have any video related to the topic of RA( Result analysis ) key in PS ( project systems) if you have any good material related to it please share link. Thank u :)
Hello Everyone, I am trying to post expenses using FB50. However my document type is SA and this is greyed out and cannot be change to AA. Any assistance.
Settlement is moving the value from one cost object to another. Here for example: first we post the expenses to a WBS then in periodic settlement we move the expenses from the WBS to an AUC then in the final settlement we move the expenses from AUC to final fixed asset
Thank you for this Video! 😊 If I have an electricity expense of 10 million USD on the 15th of the month, it means that this amount will be posted as an expense (Primary Expense G/L Account) until I release it to an Asset Under Construction (AUC) on the 31st of the month. Is there another option to manage it using secondary G/L accounts to track the expense type? At the moment of posting (WBS number), we already know that it will be an AUC. That means that a P/L statement dated the 15th is incorrect, isn't it? 🤔🙂🙃
That's true! I've had debates like this with customers before. The expense will be in P&L until capitalized to AUC end of the month. There's also the ability to post directly to AUC using transaction FB01 or F-90 but in this case there will be no budget control or settlement to different receivers, so you're losing a lot of features.
@@ivetaschuster134 I've found something interesting. Check this out . I've not tested it out though community.sap.com/t5/enterprise-resource-planning-q-a/balance-sheet-account-can-be-posted-to-wbs-in-s4-hana-1709/qaq-p/11938967
@@AbdullahGalal Hi Abdullah thanks for the response, we receive grants from the govt on projects. We have not implemented the grants management and do not want to implement. Business wants grants received should be posted as revenue on the project and at year end all spending and remaining grants should be transferred to a balance sheet account. But one thing is sure in SAP standard behavior, revenue cannot be settled to assets.
Hi Nate, thanks for contributing in this channel! I hate ads also but it's a way to increase the channel income and so far UA-cam has no option to disable ads for paid members. I'll test removing the ads in the middle of the video and see how this impacts the channel revenue
I need one help Mr Abdulla in my project I have faced one error that when we copy the invoice document and try to create return order system takes new prices in return documents only for 2 materials..all others are copied successfully and I also checked the copy controls also...can you please help me for this to get solution
Can you please explain intuitively the life cycle of an asset (CAPEX, AUC, TECO, first settlement, final settlement)?
Thank you for this Amazing Session.
Glad you enjoyed it!
Thank you for the wonderful sessions. It helps me to understand SAP and its background processes. How is the value settled for AUC? You have defined an investment profile while creating the WBS element. Does it (Investment profile) have the configuration to settle at AUC? Since in the last video for the investment order, you have defined the settlement rule in the KO03 itself, for settling investment order to AUC and AUC to fixed assets separately, here you have given only the settlement rule for settling from WBS to fixed assets.
one more best topic and very much detailed explanation. thank you. Happy new year...
Happy new year!
Thank you very much for the video. Happy new year!!
Happy new year!✨
Great session, congrats!
Hi Abdul, Thank you very much. That was excellent. I have been searching for the configuration on above scenario on AUC with Down Payment to vendor. Would you be able to help please.
Fantastic video sir, thank you for sharing it with us. Sir is there any report to check the values posted on AUC from wbs
Thank you, this video has been most helpful
Very welcome
Don't forget to subscribe to the channel 😎
@@AbdullahGalal Subscribed :)
Thank you , For the detailed explanation.
Glad it was helpful!
Very nice and detailed video 👍 Thanks a lot for sharing 😊
My pleasure 😊
thank you good efforts happy new year
Happy new year Mohamed
Thanks, @abdul it was a great session as always. I am new to asset accounting and hence was wondering about the periodic settlement; shouldn't that be on a real-time basis, and why should there be a need to settle it each period. AUC to the final asset is understandable but WBS to AUC should be in real time. Did i miss something in the process, any suggestions or thoughts on this?
Very Useful session .. Thankyou :)
Most welcome!
Hi Galal, how if we already posted the expense to WBS Expenses. however we must capitalize that expense to AUC? should I Reclass on Journal Manual? or any another way? thank you
Hi Galal, Really nice explanation. Thank you. We are facing one issue. Client has multi year project and they settle WBS to AUC periodically and FUL. Some time they receive credit from the previous years which they book in the current year. So, in the current year it shows negative balance on WBS. When we try to settle, the system shows KD99 error: Settlement amount > available amount. How do we solve this kind of issue? Is there any config available to that allows system to settle negative amount to AUC? Thanks.
Best SAP Master
Thank you 😊
Hi. Very informative and helpful. How do you deactivate the AUC's that you created from the WBS? Thank you!
You just settle it to a final asset and the AUC will have no value.
Hi
1. In CJ88 - Processing type we have different option i.e. Automatic, full settlement, what is the concept of using them
How to use them if we have two settlement rules one for AUC and other for fixed asset
2. Is it necessary set status of WBS element TECO before doing settlement (CJ88) in SAP ECC system
Hi Can anyone answer, What will happen to the GL posting for electricity and insurance, Will they be transferred to Asset Account.
I am asking as Electricity and Insurance else will be posted to P&L because of their account type nature.
Sir In which table The Distributable budget of CJ31 fall in and for Assigned budget also..
Thanks for the Explanation ,,,
You are welcome
Hi it's was very informative video
Could please explain down payment scenario for AUC -WBS and how to clear those down payments
Great idea. Will do my best
Hi everyone Is it possible to transfer the values from Settelemen receiver to permanent by real values or only %?
Hi! do you have any video related to the topic of RA( Result analysis ) key in PS ( project systems) if you have any good material related to it please share link. Thank u :)
I have been watching your videos, and one can become a master in SAP. Requesting u can one video Result analysis, I Would be grateful to you, Thanks.
A difficult topic! will see what I can do
Dear Ahmed
Have you any video on "RRB".
Please let me know. Really appreciate!
Resource Related Billing? no sorry
Hello Everyone, I am trying to post expenses using FB50. However my document type is SA and this is greyed out and cannot be change to AA. Any assistance.
I got you covered 😎 Check this video ua-cam.com/video/YhZYtpSFdOI/v-deo.html
Can someone explains what is meant by settlement? What's the main difference between periodic and final settlment?
Settlement is moving the value from one cost object to another. Here for example: first we post the expenses to a WBS then in periodic settlement we move the expenses from the WBS to an AUC then in the final settlement we move the expenses from AUC to final fixed asset
can we request you to do the scenario of settling expenditure from same WBs partly to auc and partly to cost center.
I believe I did! I remember posting settlement to cost center and AUC
Thank you so much Mr. Abdullah. I think due to WBS no need to put Internal order number. Ryt?
Right
Thank you for this Video! 😊
If I have an electricity expense of 10 million USD on the 15th of the month, it means that this amount will be posted as an expense (Primary Expense G/L Account) until I release it to an Asset Under Construction (AUC) on the 31st of the month.
Is there another option to manage it using secondary G/L accounts to track the expense type?
At the moment of posting (WBS number), we already know that it will be an AUC.
That means that a P/L statement dated the 15th is incorrect, isn't it? 🤔🙂🙃
That's true! I've had debates like this with customers before. The expense will be in P&L until capitalized to AUC end of the month. There's also the ability to post directly to AUC using transaction FB01 or F-90 but in this case there will be no budget control or settlement to different receivers, so you're losing a lot of features.
@@AbdullahGalal Until SAP resolves this issue, we cannot say that SAP operates in real-time. 😇
@@ivetaschuster134 I've found something interesting. Check this out . I've not tested it out though community.sap.com/t5/enterprise-resource-planning-q-a/balance-sheet-account-can-be-posted-to-wbs-in-s4-hana-1709/qaq-p/11938967
Hi Galal, how does the system determine the GL account during the settlement of WBS element to cost center?
Check this out CV saphelp.ucc.ovgu.de/NW750/EN/62/a1c6535e601e4be10000000a174cb4/content.htm
Very Good and useful
Glad you liked it
Hi ! What is transfer date and its role during year end closing activity , please shed some light on that if possible. Thank you :)
Will do my best! check this for now blogs.sap.com/2022/01/16/sap-s-4hana-fixed-asset-legacy-data-migration/
How do you post directly to an AUC asset and not a cost element first
I showed this if I remember correctly! check all the videos in the playlist
Thank you so much!!
You're welcome!
Dear sir,
Please create product costing video.
There's a full playlist available! check the channel playlists
Hi Abdullah, very well explained. Can we settle revenue to fixed asset here through WBS element?
What's the business scenario to settle a revenue to an asset?
@@AbdullahGalal Hi Abdullah thanks for the response, we receive grants from the govt on projects. We have not implemented the grants management and do not want to implement. Business wants grants received should be posted as revenue on the project and at year end all spending and remaining grants should be transferred to a balance sheet account. But one thing is sure in SAP standard behavior, revenue cannot be settled to assets.
Thaanks🙏
welcome
thank you for sharing
My pleasure
Amazing
Is there is any paid Full course for sap Fico
I put all my focus on the channel currently 😎
Thanks
Welcome
Paid subscriber here. Great video, but a random commercial every few minutes is really distracting when you're trying to focus on the material.
Hi Nate, thanks for contributing in this channel!
I hate ads also but it's a way to increase the channel income and so far UA-cam has no option to disable ads for paid members.
I'll test removing the ads in the middle of the video and see how this impacts the channel revenue
thank you! @@AbdullahGalal
I need one help Mr Abdulla in my project I have faced one error that when we copy the invoice document and try to create return order system takes new prices in return documents only for 2 materials..all others are copied successfully and I also checked the copy controls also...can you please help me for this to get solution
Hi Vignesh, for Purchase Order related questions, please check with an MM consultant, my knowledge in this area is limited to FI integration