Digital Purview

Transaction type is required for Asset transactions. Transaction type defines the type of transaction such as Acquisition, Retirement, and Transfer of Asset. Settings for how to process these transactions are also maintained in Transaction type.

SAP delivers standard Transaction types. If new transaction types are required, makes sure to include X, Y or Z somewhere in the transaction type to ensure these don’t get overwritten by SAP upgrades.

Transaction type controls

• Type of transaction – Credit or Debit ie Acquisition or Retirement
• Whether asset gets capitalize when you post to it.
• Document type used for posting
• The posting is done as Gross or Net method
• Transaction type is used for Intercompany posting or not (Set Post to Affiliate Company)
• If the transaction type should not be used manually
• If the posting year should be set.
• Consolidation transaction type – used for legal Consolidation as detailed level of transaction type postings are not needed for Consolidation module.
• Asset history group can also be assigned.

You can also limit posting to only certain Depreciation areas. A pop up window will show restricted Depreciation areas while posting. If you do not maintain this setting, Posting will be done to all the Depreciation areas and SAP will suppress the popup window.

Related Posts

• Need for specifying Additional Account Assignment in ACSET
• SAP Asset history sheet (AR02)
• Transfer Variant in SAP Fixed Asset
• Account type X is not defined for document type YY
• SAP Document Type – Use and Config