Asset retirement with customer – f-92

Asset retirement with customer – f-92For asset retirement with customer you have to use transaction code f-92 or following path;

SAP Menu > Accounting > Financial Accounting > Fixed Assets > Posting > Retirement > Retirement w/Revenue > F-92 – With Customer

Asset retirement means removal of assets from the books of accounts. If it’s fully absorbed and now you want to sale it as a scrap or to a customer for certain amounts then you use transaction code f-92.

On the initial asset retirement header data screen of f-92 you need to enter followings;

  • Document date
  • Posting date
  • Document type
  • Posting period
  • Company code
  • Currency type

On the down below first line item you enter the posting key and general ledger account and press enter 

Now in add customer line item enter followings;

  • Payment terms
  • Baseline date

And update the second line item in the next line item screen by entering posting key and general ledger account.

In the next screen enter the amount equal to previous amount or else enter * to tally both first line and second line (i.e. debit and credit).

Select asset retirement and press enter

Update the asset and value date. Select comp. retirement and then continue.

Now select document > simulate to check whether the debit and credit matches or not. If there is no differences between these two then click on save to post the transaction.

Asset retirement by scrapping – ABAVN

If the asset retirement is due to scrapping then instead of using transaction code f-92 you should use transaction code ABAVN or following path;

SAP Menu > Accounting > Financial Accounting > Fixed Assets > Posting > Retirement > ABAVN – Asset Retirement by Scrapping

After reaching asset retirement by scrapping transaction you need to enter following;

  • Number
  • Document date
  • Posting date
  • val. Date
  • And text as description

Press enter and click on simulate button on the top of the screen.

If you are satisfied with the result then press “save” button available on the top.

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