Fixed Asset Management Scenario Overview

Fixed Asset Management Scenario Overview
Acquiring Fixed Assets Manually Retiring Fixed Assets Click process chevrons for details Processing Purchase Orders Confirming Goods and Services Receipts Returning Goods Processing Supplier Invoices Processing Payables and Payments Valuating Fixed Assets Creating Customer Invoice Processing Receivables and Payments Transferring Individual Materials Scenario Explorer Scenario Description Open Legend The Fixed Asset Management business scenario allows you to manage your fixed asset accounting. It covers the entire life cycle of your fixed assets, from purchasing, including fixed assets under construction, through to asset retirement or sale. The solution enables you to value your fixed assets in parallel, in accordance with local and international valuation principles, tax-based valuation principles, or for statistical or cost-accounting purposes. This ensures continuous compliance with country-specific regulations. Throughout the fixed asset lifecycle the values for depreciation are calculated and posted automatically and provided in various reports. Scenario/Processes Business Value Scenario Flow Further Information The following business roles are involved in this scenario: Employee Operational Buyer Accounts Payable Accountant Fixed Asset Accountant Accounts Receivable Accountant

Fixed Asset Management Scenario Overview
Acquiring Fixed Assets Manually Retiring Fixed Assets Click process chevrons for details Processing Purchase Orders Confirming Goods and Services Receipts Returning Goods Processing Supplier Invoices Processing Payables and Payments Valuating Fixed Assets Creating Customer Invoice Processing Receivables and Payments Transferring Individual Materials Scenario Explorer Scenario Description Legend Open Legend Close Legend The Fixed Asset Management business scenario allows you to manage your fixed asset accounting. It covers the entire life cycle of your fixed assets, from purchasing, including fixed assets under construction, through to asset retirement or sale. The solution enables you to value your fixed assets in parallel, in accordance with local and international valuation principles, tax-based valuation principles, or for statistical or cost-accounting purposes. This ensures continuous compliance with country-specific regulations. Throughout the fixed asset lifecycle the values for depreciation are calculated and posted automatically and provided in various reports. Process mainly driven by the user Process mainly driven by the system Manual process not supported by the system Process that communicates with third-party software (mouse-over for details) Process with relevance to Financials Related scenario Info button with more information Scenario/Processes Business Value Scenario Flow Further Information The following business roles are involved in this scenario: Employee Operational Buyer Accounts Payable Accountant Fixed Asset Accountant <Role Name> <Role Name>

Fixed Asset Management Process Details: Processing Purchase Orders
Acquiring Fixed Assets Manually Click process chevrons for details Processing Purchase Orders X Send a purchase order Approve a purchase order Acknow-ledge a purchase order Monitor a purchase order Confirming Goods and Services Receipts Returning Goods Processing Supplier Invoices Create and maintain a purchase order Processing Payables and Payments i i i i i … Scenario Explorer Process Description Further Information The Processing Purchase Orders business process enables you to work on automatically created purchase orders, or manually create a purchase order with or without reference to a contract or a list price. You can also search in a supplier catalog for the products to be ordered. The purchase order can contain stock material with or without product specification, services, or non-stock material that can be ordered for different purposes (for example, for costs centers, projects, or as an individual material within an asset procurement process).You can also create third-party purchase orders for materials and services manually, which can be assigned to sales orders, service orders, or customer projects. If all relevant data is maintained, the purchase order is sent to the supplier, which can also be an affiliated company that uses either SAP Business ByDesign or SAP ERP. It is also possible that an approval procedure depending on the purchase order value is in place. Optionally, a purchase order acknowledgment can be used. The process can have multiple degrees of automation. Performed by Operational Buyer Scenario/Processes In the Work Center Purchase Requests and Orders Business Value Scenario Flow Further Information See also Purchase Order Processing

Fixed Asset Management Process Details: Confirming Goods and Services Receipts
Acquiring Fixed Assets Manually Retiring Fixed Assets Click process chevrons for details Confirming Goods and Services Receipts – Non- Stock Materials and Services X Processing Purchase Orders Create a goods and services receipt Approve a goods and services receipt Returning Goods Processing Supplier Invoices Processing Payables and Payments Valuating Fixed Assets Creating Customer Invoice Processing Receivables and Payments i i Transferring Individual Materials Scenario Explorer Process Description Further Information The Confirming Goods and Services Receipts business process enables you to create goods and services receipts for non-stock materials and services and related expenses. You can manage and track the delivery of materials and the completion of services in the system. In cases where services have been completed and time sheets have been created by service agents in Time and Labor Management (TLM), goods and services receipts are created automatically from the time sheet entries. When you post the goods and services receipt, the system automatically forwards the data to Financials and posts it there. Goods and services receipt processes do not support the receipt of stock materials. The Supply Chain Management part of the solution supports the receipt of stock materials into your warehouse through its inbound processes. Performed by Operational Buyer Employee Scenario/Processes In the Work Center(s) Goods and Services Receipts Home Business Value Scenario Flow Further Information See also Receipts and Returns Quick Guide

Fixed Asset Management Process Details: Returning Goods
Acquiring Fixed Assets Manually Retiring Fixed Assets Click process chevrons for details Returning Goods – Non-Stock Materials X Processing Purchase Orders Confirming Goods and Services Receipts Create a goods return Processing Supplier Invoices Processing Payables and Payments Valuating Fixed Assets Creating Customer Invoice Processing Receivables and Payments i Transferring Individual Materials Scenario Explorer Process Description Further Information The Returning Goods business process enables you to return a material to a supplier, for example, because the wrong material was delivered, it was damaged, or you no longer need it. If you have already posted a goods and services receipt for it, you need to create a goods return in the system, which reports the return of the material to the supplier. The goods return process allows you to manage and track all goods returns, which also helps your accountants with their supplier invoicing and accounting processes. When you post the goods return, the system automatically forwards the data to Financial Management and posts it there. Goods return processes do not support the return of services, expense items, or stock materials. The Supply Chain Management part of the solution supports the return of stock materials into your warehouse through its outbound processes. Performed by Operational Buyer Employee Scenario/Processes In the Work Centers Goods and Services Receipts Home Business Value Scenario Flow Further Information See also Goods and Services Receipt and Goods Return Processing

Fixed Asset Management Process Details: Processing Supplier Invoices
Acquiring Fixed Assets Manually Retiring Fixed Assets Click process chevrons for details Processing Supplier Invoices X Processing Payables and Payments Valuating Fixed Assets Creating Customer Invoice Create a supplier invoice Resolve a supplier invoice exception Approve a supplier invoice Processing Receivables and Payments … i i i Transferring Individual Materials Scenario Explorer Process Description Further Information The Processing Supplier Invoices business process enables you as an accountant to enter, verify, and post invoices, credit memos, and down payment requests that you received from your supplier by fax or by mail. Alternatively, your supplier, which can also be an affiliated company, can send you these documents electronically as XML messages. An automated invoice-verification process compares all supplier invoices with their corresponding purchase documents, if available. You can also charge supplier invoice items to partner companies, and you can distribute additional costs, such as freight, among all other supplier invoice items. When the supplier invoice is complete and correct, you post it. The supplier invoice is then used to pay your suppliers. You can create individual materials as a prerequisite for direct asset purchase. Scenario/Processes Performed by Accounts Payable Accountant Business Value In the Work Center Supplier Invoicing Scenario Flow Further Information See also Supplier Invoice Processing Without Reference

Fixed Asset Management Process Details: Acquiring Fixed Assets Manually
Click process chevrons for details X Post acquisition costs manually Create a fixed asset master data record manually i Processing Payables and Payments Retiring Fixed Assets Create new charge or credit manually i i Click here to display process variants Processing Supplier Invoices Processing Payables and Payments Valuating Fixed Assets Creating Customer Invoice Processing Receivables and Payments … Scenario Explorer Process Description Further Information The Acquiring Fixed Assets Manually business process enables you to manually acquire fixed assets without a prior business process. You can also make subsequent adjustments to acquisition costs and capitalize fixed assets produced in-house. The Acquiring Fixed Assets business process enables you to purchase or create fixed assets and capitalize a range of fixed assets in your company. As described in the Processing Supplier Invoices process, in the integrated procurement process, you refer an item in a purchase order, a goods receipt, or a supplier invoice to a product category relevant for fixed assets. Based on this, the system can automatically create individual materials, parts of fixed assets, corresponding master data records, and take into account acquisition costs. In addition, you can post subsequent acquisition costs on fixed assets per individual material. Scenario/Processes Performed by Fixed Asset Accountant Business Value In the Work Center Fixed Assets Scenario Flow Further Information See also Life Cycle of a Fixed Asset

Fixed Asset Management Process Details: Acquiring Fixed Assets Manually
Click process chevrons for details Post acquisition costs manually Create a fixed asset master data record manually i Processing Payables and Payments Retiring Fixed Assets Create new charge or credit manually i i Processing Supplier Invoices Processing Payables and Payments Click here to hide process variants Valuating Fixed Assets Creating Customer Invoice Processing Receivables and Payments Acquiring Fixed Assets with Retroactive Capitalization Acquiring Fixed Assets with Assets under Construction i … i Scenario Explorer Process Description Further Information The Acquiring Fixed Assets Manually business process enables you to manually acquire fixed assets without a prior business process. You can also make subsequent adjustments to acquisition costs and capitalize fixed assets produced in-house. The Acquiring Fixed Assets business process enables you to purchase or create fixed assets and capitalize a range of fixed assets in your company. As described in the Processing Supplier Invoices process, in the integrated procurement process, you refer an item in a purchase order, a goods receipt, or a supplier invoice to a product category relevant for fixed assets. Based on this, the system can automatically create individual materials, parts of fixed assets, corresponding master data records, and take into account acquisition costs. In addition, you can post subsequent acquisition costs on fixed assets per individual material. Scenario/Processes Scenario/Processes Performed by Fixed Asset Accountant Business Value In the Work Center Fixed Assets Scenario Flow Further Information See also Life Cycle of a Fixed Asset

Fixed Asset Management Process Details: Processing Payables and Payments
Acquiring Fixed Assets Manually Retiring Fixed Assets Click process chevrons for details Processing Payables and Payments - Processing Payments Automatically X Processing Supplier Invoices Valuating Fixed Assets Creating Customer Invoice Check and release a payment proposal Approve a payment Create a payment medium and send to bank or payee Allocate a payment Processing Receivables and Payments Process a bank statement … i i i i i Click here to display process variants Transferring Individual Materials Scenario Explorer Process Description Further Information The Processing Payables and Payments business process enables the processing of outgoing payments initiated either internally by your company or externally by your suppliers. If payments are initiated internally, they can be made manually, or automatically via a payment run in which the system proposes the open items for payment. You then release the payments and the system posts them to accounting. You create the payment medium, either manually or as part of an automatic run. The standard work center provides checks, outgoing bank transfers, credit memos, as well as other country-specific payment methods. Once the payments have been debited from the bank account, the bank statement is entered in the system, in which it is uploaded electronically or entered manually, before being confirmed. If payments are initiated externally, the bank statement provides the notification that a payment has been made. The payments are matched in the system to the open invoices before being cleared. Performed by Accounts Payable Accountant Scenario/Processes In the Work Centers Payables Payment Management Liquidity Management Business Value Scenario Flow Further Information See also Allocate a Payment Manually Quick Guide for Payment Allocation

Acquiring Fixed Assets Manually Retiring Fixed Assets Click process chevrons for details Processing Payables and Payments - Processing Payments Automatically X Processing Supplier Invoices Valuating Fixed Assets Creating Customer Invoice Check and release a payment proposal Approve a payment Create a payment medium and send to bank or payee Process a bank statement Allocate a payment Processing Receivables and Payments … i i i i i The accountant releases the payment that the manager has approved, if required. The system creates the payment medium in an automatic run or the accountant creates it manually. The system provides checks and outgoing bank transfers and the option of remittance advices. The accountant prints checks and sends them by mail to the payee. Bank transfers stored in a file are sent by the accountant to the bank or are uploaded to the banking software. X Click here to display process variants Transferring Individual Materials Scenario Explorer Process Description Further Information The Processing Payables and Payments business process enables the processing of outgoing payments initiated either internally by your company or externally by your suppliers. If payments are initiated internally, they can be made manually, or automatically via a payment run in which the system proposes the open items for payment. You then release the payments and the system posts them to accounting. You create the payment medium, either manually or as part of an automatic run. The standard work center provides checks, outgoing bank transfers, credit memos, as well as other country-specific payment methods. Once the payments have been debited from the bank account, the bank statement is entered in the system, in which it is uploaded electronically or entered manually, before being confirmed. If payments are initiated externally, the bank statement provides the notification that a payment has been made. The payments are matched in the system to the open invoices before being cleared. Performed by Accounts Payable Accountant Scenario/Processes In the Work Centers Payables Payment Management Liquidity Management Business Value Scenario Flow Further Information See also Allocate a Payment Manually Quick Guide for Payment Allocation

Acquiring Fixed Assets Manually Retiring Fixed Assets Click process chevrons for details Processing Payables and Payments - Processing Payments Automatically X Processing Supplier Invoices Valuating Fixed Assets Creating Customer Invoice Check and release a payment proposal Approve a payment Create a payment medium and send to bank or payee Process a bank statement Allocate a payment Processing Receivables and Payments … i i i i i The system receives information about the processed payments in a bank statement, lockbox, or bank advice, and allocates them to the appropriate process or matches them against the payments created in the system. If allocation is not possible, the accountant has to process it manually in a system-generated task. X Click here to display process variants Transferring Individual Materials Scenario Explorer Process Description Further Information The Processing Payables and Payments business process enables the processing of outgoing payments initiated either internally by your company or externally by your suppliers. If payments are initiated internally, they can be made manually, or automatically via a payment run in which the system proposes the open items for payment. You then release the payments and the system posts them to accounting. You create the payment medium, either manually or as part of an automatic run. The standard work center provides checks, outgoing bank transfers, credit memos, as well as other country-specific payment methods. Once the payments have been debited from the bank account, the bank statement is entered in the system, in which it is uploaded electronically or entered manually, before being confirmed. If payments are initiated externally, the bank statement provides the notification that a payment has been made. The payments are matched in the system to the open invoices before being cleared. Performed by Accounts Payable Accountant Scenario/Processes In the Work Centers Payables Payment Management Liquidity Management Business Value Scenario Flow Further Information See also Allocate a Payment Manually Quick Guide for Payment Allocation

Acquiring Fixed Assets Manually Retiring Fixed Assets Click process chevrons for details Processing Payables and Payments - Processing Payments Automatically X Processing Supplier Invoices Valuating Fixed Assets Creating Customer Invoice Check and release a payment proposal Approve a payment Create a payment medium and send to bank or payee Allocate a payment Processing Receivables and Payments Process a bank statement … i i i i i Click here to hide process variants Transferring Individual Materials Processing Payments Automatically Processing Payments Manually with Bills of Exchange Processing Payments Manually with Open Item Clearing Processing Payments with Petty Cash i i i i Scenario Explorer Process Description Further Information The Processing Payables and Payments business process enables the processing of outgoing payments initiated either internally by your company or externally by your suppliers. If payments are initiated internally, they can be made manually, or automatically via a payment run in which the system proposes the open items for payment. You then release the payments and the system posts them to accounting. You create the payment medium, either manually or as part of an automatic run. The standard work center provides checks, outgoing bank transfers, credit memos, as well as other country-specific payment methods. Once the payments have been debited from the bank account, the bank statement is entered in the system, in which it is uploaded electronically or entered manually, before being confirmed. If payments are initiated externally, the bank statement provides the notification that a payment has been made. The payments are matched in the system to the open invoices before being cleared. Performed by Accounts Payable Accountant Scenario/Processes In the Work Centers Payables Payment Management Liquidity Management Business Value Scenario Flow Further Information See also Allocate a Payment Manually Quick Guide for Payment Allocation

Fixed Asset Management Process Details: Valuating Fixed Assets
Acquiring Fixed Assets Manually Retiring Fixed Assets Click process chevrons for details Valuating Fixed Assets X Processing Supplier Invoices Processing Payables and Payments Post a write-up manually Creating Customer Invoice Processing Receivables and Payments … i Click here to display process variants Transferring Individual Materials Scenario Explorer Process Description Further Information The Valuating Fixed Assets business process enables you to value your fixed assets in parallel, in accordance with different accounting principles. Based on acquisition and production costs and regulations on valuation, fixed assets are subject to write-up, write-down, depreciation, accelerated depreciation, or revaluation during their life cycle. Values for depreciation and special tax depreciation are calculated automatically based on the depreciation method entered in the master data record. During the process, you trigger the depreciation run, which posts the automatically calculated values to the corresponding general ledger accounts. You can also manually post a write-down for a fixed asset which decreases in value due to damage or other extraordinary circumstances, as opposed to depreciation due to normal usage. You can post a write-up to reverse any depreciation posted in a previous fiscal year. Some country-specific and international accounting principles allow you to value fixed assets at fair value, which you can take into account when manually posting revaluation. Performed by Fixed Asset Accountant Scenario/Processes Business Value In the Work Center Fixed Assets Scenario Flow Further Information See also Manual Posting – Manual Depreciation Manual Posting – Revaluation

Fixed Asset Management Process Details: Valuating Fixed Assets
Acquiring Fixed Assets Manually Retiring Fixed Assets Click process chevrons for details Valuating Fixed Assets X Processing Supplier Invoices Processing Payables and Payments Post a write-up manually Creating Customer Invoice Processing Receivables and Payments … i Click here to hide process variants Transferring Individual Materials Valuating Fixed Assets with Manual Depreciation Valuating Fixed Assets with Depreciation Run Valuating Fixed Assets with Revaluations i i i Scenario Explorer Process Description Further Information The Valuating Fixed Assets business process enables you to value your fixed assets in parallel, in accordance with different accounting principles. Based on acquisition and production costs and regulations on valuation, fixed assets are subject to write-up, write-down, depreciation, accelerated depreciation, or revaluation during their life cycle. Values for depreciation and special tax depreciation are calculated automatically based on the depreciation method entered in the master data record. During the process, you trigger the depreciation run, which posts the automatically calculated values to the corresponding general ledger accounts. You can also manually post a write-down for a fixed asset which decreases in value due to damage or other extraordinary circumstances, as opposed to depreciation due to normal usage. You can post a write-up to reverse any depreciation posted in a previous fiscal year. Some country-specific and international accounting principles allow you to value fixed assets at fair value, which you can take into account when manually posting revaluation. Performed by Fixed Asset Accountant Scenario/Processes Business Value In the Work Center Fixed Assets Scenario Flow Further Information See also Manual Posting – Manual Depreciation Manual Posting – Revaluation

Fixed Asset Management Process Details: Creating Customer Invoices Manually
Acquiring Fixed Assets Manually Retiring Fixed Assets Click process chevrons for details Creating Customer Invoices Manually X Processing Supplier Invoices Processing Payables and Payments Valuating Fixed Assets Transfer invoice requests Release an invoice Processing Receivables and Payments … i i Transferring Individual Materials Scenario Explorer Process Description Further Information In the Creating Customer Invoices Manually process, you enter details for the invoice requests manually. Performed by Accounts Receivable Accountant Scenario/Processes Scenario/Processes Business Value In the Work Center Customer Invoicing Scenario Flow Further Information See also Customer Invoice Processing

Fixed Asset Management Process Details: Transferring Individual Materials
Acquiring Fixed Assets Manually Retiring Fixed Assets Click process chevrons for details Processing Supplier Invoices Processing Payables and Payments Valuating Fixed Assets Creating Customer Invoice Processing Receivables and Payments … Transferring Individual Materials X Select a fixed asset Transfer an individual material i i Click here to display process variants Scenario Explorer Process Description Further Information The Transferring Individual Materials business process enables you to transfer individual materials either partially or completely from one fixed asset to another. This might be relevant for assets under construction if you want to manually transfer the acquisition and production costs at the end of the production process from the asset under construction to regular tangible assets. Performed by Fixed Asset Accountant Scenario/Processes Business Value In the Work Center Fixed Assets Scenario Flow Further Information See also Manual Posting - Complete Transfer of Individual Material

Fixed Asset Management Process Details: Transferring Individual Materials
Acquiring Fixed Assets Manually Retiring Fixed Assets Click process chevrons for details Processing Supplier Invoices Processing Payables and Payments Valuating Fixed Assets Creating Customer Invoice Processing Receivables and Payments … Transferring Individual Materials X Select a fixed asset Transfer an individual material i i Click here to hide process variants Scenario Explorer Process Description Transferring Individual Materials Partially Further Information The Transferring Individual Materials business process enables you to transfer individual materials either partially or completely from one fixed asset to another. This might be relevant for assets under construction if you want to manually transfer the acquisition and production costs at the end of the production process from the asset under construction to regular tangible assets. Performed by Fixed Asset Accountant Scenario/Processes Business Value In the Work Center Fixed Assets Scenario Flow Further Information See also Manual Posting - Complete Transfer of Individual Material

Fixed Asset Management Process Details: Retiring Fixed Assets Completely
Acquiring Fixed Assets Manually Click process chevrons for details Select a fixed asset Post scrapping of a fixed asset i i Processing Supplier Invoices Processing Payables and Payments Valuating Fixed Assets Click here to display process variants Creating Customer Invoice Processing Receivables and Payments … Transferring Individual Materials Scenario Explorer Process Description Further Information The Retiring Fixed Assets Completely business process allows you to manually retire fixed assets from your company. As described in the Creating Customer Invoices process, you can also sell a fixed asset in the integrated sales process. By assigning an individual material in a customer invoice item, you can post the retirement of an individual material together with the sales revenue and receivables in one easy step. If the individual material and fixed asset are uniquely assigned, the fixed asset is retired as well. Depending on whether the asset sale results in a profit or loss, the system posts the retiring net book value and the revenue to different accounts. Performed by Fixed Asset Accountant Scenario/Processes Business Value In the Work Center Fixed Assets Scenario Flow Further Information See also Manual Posting – Complete Scrapping

Fixed Asset Management Process Details: Retiring Fixed Assets Completely
Acquiring Fixed Assets Manually Click process chevrons for details Select a fixed asset Post scrapping of a fixed asset i i Processing Supplier Invoices Processing Payables and Payments Valuating Fixed Assets Click here to hide process variants Creating Customer Invoice Processing Receivables and Payments Retiring Individual Materials i … Transferring Individual Materials Scenario Explorer Process Description Further Information The Retiring Fixed Assets Completely business process allows you to manually retire fixed assets from your company. As described in the Creating Customer Invoices process, you can also sell a fixed asset in the integrated sales process. By assigning an individual material in a customer invoice item, you can post the retirement of an individual material together with the sales revenue and receivables in one easy step. If the individual material and fixed asset are uniquely assigned, the fixed asset is retired as well. Depending on whether the asset sale results in a profit or loss, the system posts the retiring net book value and the revenue to different accounts. Performed by Fixed Asset Accountant Scenario/Processes Business Value In the Work Center Fixed Assets Scenario Flow Further Information See also Manual Posting – Complete Scrapping

Fixed Asset Management Process Details: Processing Receivables and Payments
Acquiring Fixed Assets Manually Retiring Fixed Assets Click process chevrons for details The Processing Receivables and Payments X Processing Supplier Invoices Processing Payables and Payments Valuating Fixed Assets Creating Customer Invoice Enter a remittance advice Process a bank statement Allocate a payment Clear a payment … i i i i Transferring Individual Materials Click here to display process variants Scenario Explorer Process Description Further Information The Processing Receivables and Payments business process enables the processing of incoming payments, initiated either internally by your company or externally by your customers. The process uses country-specific payment methods. If payments are initiated internally, they are made manually, or automatically via a payment run in which the system proposes open items for payment. You then release the payments and the system posts them to accounting. You create the payment medium, either manually or as part of an automatic run, using files for direct debit or credit card payments. It is also possible to upload credit card statements to pre-confirm payments. When the payments are credited to the company's bank account, the bank statement is entered in the system, either uploaded electronically or entered manually, before being confirmed. If payments are initiated externally by the customer, the bank statement provides notification of payment. The payments are matched in the system to the open invoices before being cleared. Performed by Accounts Receivable Accountant Scenario/Processes In the Work Centers Receivables Payment Management Liquidity Management Business Value Scenario Flow Further Information See also Quick Guide for Remittance Advices

Acquiring Fixed Assets Manually Retiring Fixed Assets Click process chevrons for details The Processing Receivables and Payments X Processing Supplier Invoices Processing Payables and Payments Valuating Fixed Assets Creating Customer Invoice Enter a remittance advice Process a bank statement Allocate a payment Clear a payment … i i i i The system receives information about the processed payments in a bank statement, lockbox, or bank advice, and allocates them to the appropriate process or matches them against the payments created in the system. If allocation is not possible, the accountant has to process it manually in a system-generated task. X Transferring Fixed Assets Click here to display process variants Scenario Explorer Process Description Further Information The Processing Receivables and Payments business process enables the processing of incoming payments, initiated either internally by your company or externally by your customers. The process uses country-specific payment methods. If payments are initiated internally, they are made manually, or automatically via a payment run in which the system proposes open items for payment. You then release the payments and the system posts them to accounting. You create the payment medium, either manually or as part of an automatic run, using files for direct debit or credit card payments. It is also possible to upload credit card statements to pre-confirm payments. When the payments are credited to the company's bank account, the bank statement is entered in the system, either uploaded electronically or entered manually, before being confirmed. If payments are initiated externally by the customer, the bank statement provides notification of payment. The payments are matched in the system to the open invoices before being cleared. Performed by Accounts Receivable Accountant Scenario/Processes In the Work Centers Receivables Payment Management Liquidity Management Business Value Scenario Flow Further Information See also Quick Guide for Remittance Advices

Acquiring Fixed Assets Manually Retiring Fixed Assets Click process chevrons for details The Processing Receivables and Payments X Processing Supplier Invoices Processing Payables and Payments Valuating Fixed Assets Creating Customer Invoice Enter a remittance advice Process a bank statement Allocate a payment Clear a payment … i i i i Transferring Individual Materials Click here to hide process variants Processing Externally-Initiated Payments by Incoming Check Processing Externally-Initiated Payments by Incoming Check with Lockbox Processing Externally-Initiated Payments by Multiple Incoming Checks Processing Incoming Payments by Bill of Exchange Processing Incoming Payments with Petty Cash Processing Internally-Initiated Payments by Credit Card Processing Internally-Initiated Payments by Direct Debit i i i i Scenario Explorer Process Description Further Information i The Processing Receivables and Payments business process enables the processing of incoming payments, initiated either internally by your company or externally by your customers. The process uses country-specific payment methods. If payments are initiated internally, they are made manually, or automatically via a payment run in which the system proposes open items for payment. You then release the payments and the system posts them to accounting. You create the payment medium, either manually or as part of an automatic run, using files for direct debit or credit card payments. It is also possible to upload credit card statements to pre-confirm payments. When the payments are credited to the company's bank account, the bank statement is entered in the system, either uploaded electronically or entered manually, before being confirmed. If payments are initiated externally by the customer, the bank statement provides notification of payment. The payments are matched in the system to the open invoices before being cleared. i i Performed by Accounts Receivable Accountant Scenario/Processes In the Work Centers Receivables Payment Management Liquidity Management Business Value Scenario Flow Further Information See also Quick Guide for Remittance Advices

Fixed Asset Management Business Value
Acquire Valuate Deactivate Settle Process Supplier Invoice Create Fixed Asset Master Data Process Payment Valuate with Manual Depreciation Valuate with Write-Ups Valuate with Revaluations Transfer Individual Materials Retire Fixed Asset Create Invoice Process Receivables and Post to Ledger Scenario Explorer Overview Key Benefits Fixed Asset Management reduces the time and energy it takes to manually perform the necessary accounting procedures, allowing you to focus on other tasks You can value your fixed assets quickly and easily In accordance with local book valuation or tax-based valuation In accordance with international accounting principles For statistical or cost-accounting purposes To ensure continuous compliance with country-specific regulations You can track and report assets accurately in a fully-integrated environment The scenario improves efficiency through greater use of automation, such as the creation of fixed asset master data records including the calculation of acquisition costs This scenario is ideal for financial professionals at midsize companies who want to efficiently manage fixed asset accounting. You can value your fixed assets in accordance with different accounting principles. SAP Business ByDesign helps efficiently manage the entire life cycle of your fixed assets, from their purchase or first acquisition, through to retirement or sale. Scenario/Processes Business Value Scenario Flow Further Information

Fixed Asset Management Scenario Flow:
Purchase Requests and Orders Goods and Services Receipts Supplier Invoicing Payment Management Home Fixed Assets Fixed Assets Fixed Assets Customer Invoicing Payment Management Processing Purchase Orders Confirming Goods and Services Receipts Processing Supplier Invoices Processing Payables and Payments Acquiring Fixed Assets Valuating Fixed Assets Transferring Fixed Asset Retiring Fixed Assets Creating Customer Invoice Processing Receivables and Payments Manual Payment with Open Item Clearing Payment by Petty Cash …. Externally initiated payment by incoming check Externally initiated payment by incoming bank transfer Internally initiated by direct debit Account maintenance - Standard variant with Retroactive Capitalization By Assets under construction Manually With Deprecation Run By manual Deprecation By Write-Ups By Revaluations Completely Partially Completely Individual Material Manually Procure-to-Pay (Non-Stock) Scenario Explorer Scenario/Processes Business Value Scenario Flow Further Information Legend Dotted line = optional Process variant1 Process variant 2 Process related to Financials Work center in which process is performed Process mainly driven by the user Work Center Related scenarios Business document flow

Fixed Asset Management Further Information
Scenario Explorer Do you want to try it out? Do you need more information? Do you want to discuss with others? Self-Enablement Systems If you want to try out the business scenario, click here.* More Details SAP provides a complete product documentation, covering all aspects of the business scenario. For more details, click here. Forum Get in touch with experts to discuss your specific requirements. To enter the community, click here.* Scenario/Processes Business Value Scenario Flow V WIKI In addition to the product documentation, SAP provides Wikis that describe additional aspects of SAP Business ByDesign. To access the WIKI, click here.* Further Information * Note that to access the links above you need to have a user in SAP Business Center. If you cannot access the page directly and if you are using Microsoft Internet Explorer®, please check

Fixed Asset Management Scenario Overview

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