Assignment of Accounts for Automatic Postings

Assignment of Accounts for Automatic Postings
The G/L accounts assigned will get linked to asset class

Path: SPRO - Select SAP reference IMG - Financial Accounting - Asset Accounting - Integration with General Ledger - Assign G/L Accounts  (transaction code is AO90)

In the menu path select

Step 1) Select Chart of Accounts MML
Double click on Account Determination folder

Step 2) Select Account determination MML10000
Double click on Balance Sheet Accounts folder

Step 3) Acquisition and production costs give account number 200000 (land)
Loss made on asset retirement w/o revenue - 400303
Clearing account revenue from asset sale - 300102
Gain from asset sale - 300103
Loss form asset sale - 400302
Save

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Step 4) Double click on Account Determination folder in the same screen
Select account determination MML11000
Double click on Balance Sheet Accounts folder

Step 5) Acquisition and production costs give account number 200005 (building)
Loss made on asset retirement w/o revenue - 400303
Clearing account revenue from asset sale - 300102
Gain from asset sale - 300103
Loss form asset sale - 400302

Step 6) Double click on Depreciation folder in the same screen
Accumulated depreciation account for ordinary depreciation - 100200
Expenses account for ordinary depreciation
Save

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We receive a message below

Step 7) Double click on Account Determination folder in the same screen
Select account determination MML20000
Double click on Balance Sheet Accounts folder

Step 8) Acquisition and production costs give account number 200010 (plant and machinery)
Loss made on asset retirement w/o revenue - 400303
Clearing account revenue from asset sale - 300102
Gain from asset sale - 300103
Loss form asset sale - 400302

Step 9) Double click on Depreciation folder in the same screen
Accumulated depreciation account for ordinary depreciation - 100205
Expenses account for ordinary depreciation
Save

Step 10) Double click on Account Determination folder in the same screen
Select account determination MML30000
Double click on Balance Sheet Accounts folder

Step 11) Acquisition and production costs give account number 200015 (furnitures and fixtures)
Loss made on asset retirement w/o revenue - 400303
Clearing account revenue from asset sale - 300102
Gain from asset sale - 300103
Loss form asset sale - 400302

Step 12) Double click on Depreciation folder in the same screen
Accumulated depreciation account for ordinary depreciation - 100210
Expenses account for ordinary depreciation
Save

Step 13) Double click on Account Determination folder in the same screen
Select account determination MML31000
Double click on Balance Sheet Accounts folder

Step 14) Acquisition and production costs give account number 200020 (vehicles and others)
Loss made on asset retirement w/o revenue - 400303
Clearing account revenue from asset sale - 300102
Gain from asset sale - 300103
Loss form asset sale - 400302

Step 15) Double click on Depreciation folder in the same screen
Accumulated depreciation account for ordinary depreciation - 100215
Expenses account for ordinary depreciation
Save

Step 16) Double click on Account Determination folder in the same screen
Select account determination MML40000
Double click on Balance Sheet Accounts folder

Step 17) Acquisition and production costs give account number 200025 (capital work in progress)
Loss made on asset retirement w/o revenue - 400303
Clearing account revenue from asset sale - 300102
Gain from asset sale - 300103
Loss form asset sale - 400302
Save