Asset Class is an important factor in SAP Asset accounting. Each asset must be assigned to only one Asset Class. Asset class are used to assign correct G/L account. Several asset class can use the same G/L account assignment.
Asset class is structured in three steps:
Asset class is structured in three steps:
- Control parameters
- Default values of General master data
- Default values of depreciation terms in the charts of depreciation
Keep in mind that these specific functions are important while creating asset class:
Account determination
screen layout control
number ranges
assignment of sub numbers
Uses of Asset class:
Uses of Asset class:
- Account determination
- Screen layout
- Number assignment
- Default values
- Grouping of Assets for reporting purpose