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Capitalizing the Assets using the WBS in SAP

Updated May 18, 2018

Hello Experts,

Query About capitalizing the Assets using the WBS in SAP?

thanks in advance.


Comments

  • 10 Aug 2015 11:55 am Romil Tripathi Helpful Answer

    Creation of project cj20n
    Creation of wbs under that project
    Budget allocation
    Release of WBS
    Booking of cost either through direct fi posting or by mm route by creating PR....PR should be created with account assignment P (for direct consumption) or Q (for project Stock)..
    Initial settlement through cj88, it will reverse the cost booked on expense gl and transfer the same to capital work in progress
    Techo of project
    Final settlement through CJ88 - it will reverse capital work in progress and transfer the to asset...

    Accounting Entries

    Cost booking

    Expense Dr(on wbs)
    Vendor Cr

    On GRN (P) - one step recording
    consumption dr gr/ir cr

    On GRN (Q) -two step recording

    Step 1 GRN movement type 101

    Inventory dr
    Gr/Ir cr

    Step 2 - Issue of material movement type 221 Q

    Consumption Dr(wbs)
    Inventory Cr

    At the time of initial settlement

    CWIP ac Dr
    Expense Cr
    Consumption Cr

    On final settlement

    Fixed Asset Dr
    CWIP Cr.....


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