2062566 - No Cost Center Assignment for Fixed Asset Scrapping

You do a manual posting to scrap a fixed asset. The journal entry you created with the posting did not derive the cost center to which the fixed asset has been assigned.

You need this information for your cost center accounting.

1. Open the Fixed Assets Work Center
2. Go to the Fixed Assets view
3. Navigate to the Fixed Assets sub-view
4. Select the respective Fixed Asset
5. Click on Edit
6. Choose the Manual Postings button and select Complete Scrapping
7. Confirm with Post

If you check the Journal Entry you see, that no cost center has been assigned.

This is the expected system behaviour.

Expenses from scrapping are intentionally not posted to the cost center. The reason for this is that the cost center accounting has a periodic character and it is not considered reasonable to inflate expenses in one special period in which the scrapping takes place.

In order to post the debited Fixed Asset Disposal or Loss of Assets Valuation to a cost center, you can follow the workaround described below:

1. Open the General Ledger Work Center
2. Select New Journal Entry Voucher
3. Maintain the necessary information and click on Add Row
4. Enter the the respective amount in the field Debit in Transaction Currency
5. Assign the Cost Center to which the fixed asset has been assigned
6. Click on Add Row
7. Enter the the same amount in the field Credit in Transaction Currency without assigning a cost center
8. Confirm with Post

This will post the expenses in connection with the fixed asset to the respective cost center.

KBA , manual posting to scrap a fixed asset , SRD-FIN-FA , Fixed Assets , How To