Create an Asset - SAP Simple Finance

What is SAP SimpleCreate an Asset?

We will see how an asset is created in SAP Simple Finance under Asset Accounting. Going by definition, an asset in accounting is a tangible/intangible resource which adds a value to and made part of financial statement.

Step 1 – First step is to go to Accounting → then to Financial Accounting → then Fixed Assets → and Asset → and Create → Asset or use Transaction code AS01.

as01 (1)

Step 2 – Give the details like Asset Class and Company code in next window, press ENTER.

asset_class

Step 3 – Based on the value of Company Code, many Asset class types can be selected.

company_code_value

Step 4 – Give the Description of the asset in General tab and go to Time Dependent tab to give Cost Center details.

cost_center

create_asset

Step 5 – Now move to Deprec. Areas tab and give the UseLife value.

click_deprec (1)

Step 6 – Once it is done, click on the Save button and asset is created in system.

confirmation

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