Reconcile FI-AA with FI-GL After Fixed Asset Data Takeover

  • by Thomas Michael, Senior SAP Product Expert, Michael Management Corporation
  • April 15, 2007
Learn five steps to reconcile the Asset Accounting sub-ledger with FI-GL after you complete the initial go-live implementation when you bring over the asset data from your legacy system into your SAP system.
Key Concept

Fixed asset legacy data takeover is the process of loading asset data from a previous system into SAP’s Asset Accounting (FI-AA) module. It involves loading SAP with asset- specific master data information (such as asset class, description, and depreciation terms) and asset values (such as acquisition cost and accumulated depreciation). After loading all of the values, you have to reconcile the FI-AA module with the balances that you loaded into the G/L.

The reconciliation process between the Asset Accounting (FI-AA) sub-ledger and FI-GL during the initial SAP implementation can be quite labor intensive, especially if you encounter differences between the legacy system and the SAP system. As a result, I’ve broken the process up into five steps that should guide you on your way to reconciling FI-AA with FI-GL. This article applies to both R/3 and mySAP ERP Central Component (ECC) systems.

Thomas Michael

Thomas Michael has been a business technology consultant since 1993 and has worked with an impressive array of more than 60 clients all over the world. As the president and CEO of Michael Management Corporation, he speaks and writes widely about SAP implementation issues. You can find more of Thomas’ expert articles at his popular Web site at www.michaelmanagement.com.

Thomas will be presenting at the upcoming SAPinsider Managing Your SAP Projects 2016 conference, November 2-4 in Orlando. For information on the event, click here

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