ABAV - Asset Retirement by Scrapping

SAP Transaction Code - Details

• Transaction Code: ABAV

  Description: Asset Retirement by Scrapping

  Release: S/4HANA and ECC 6

• • Program: RADISPATCH_AB01

    Screen: 0

    Authorization Object: A_B_ANLKL

  • Development Package: AB

    Package Description: Asset Accounting

    Parent Package: APPL

  • Module/Component: FI-AA-AA

    Description: Basic Functions

Smart SAP Assistant

• SAP Tcode: ABAV - Asset Retirement by Scrapping

  
  Overview:
  The SAP transaction code ABAV is used to retire an asset by scrapping it. This transaction code is used to record the retirement of an asset in the system and to update the asset master record. 
  
  Functionality: 
  ABAV allows users to retire an asset by scrapping it. This transaction code is used to record the retirement of an asset in the system and to update the asset master record. The retirement of an asset by scrapping is a process that involves removing the asset from the company’s books and records. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code ABAV in the command field. 
  2. Enter the asset number in the Asset field. 
  3. Enter the date of retirement in the Retirement Date field. 
  4. Enter a reason for retirement in the Reason for Retirement field. 
  5. Enter a scrapping value in the Scrapping Value field. 
  6. Click on Save to save your changes and retire the asset from your books and records. 
  
  Other Recommendations: 
  It is important to note that when using ABAV, all related documents such as invoices, contracts, and other documents should be updated accordingly to reflect the retirement of the asset from your books and records. Additionally, it is important to ensure that all necessary approvals have been obtained before retiring an asset by scrapping it using ABAV.