How to use OC50 - Gain/Loss from asset retirement

SAP Transaction Code - Details

• Transaction Code: OC50

  Description: Gain/Loss from asset retirement

  Release: S/4HANA and ECC 6

• • Program: RGCABG00

    Screen: 0

    Authorization Object:

  • Development Package: FK

    Package Description: FI-LC Consolidation

    Parent Package: APPL_NU

  • Module/Component: FI-LC-LC

    Description: Basic Functions

Smart SAP Assistant

• SAP Tcode: OC50 - Gain/Loss from asset retirement

  
  Overview:
  SAP transaction code OC50 is used to record the gain or loss from the retirement of an asset. This transaction code is used to record the difference between the book value of the asset and the proceeds received from its sale or disposal. 
  
  Functionality: 
  The OC50 transaction code allows users to record the gain or loss from the retirement of an asset. This transaction code is used to record the difference between the book value of the asset and the proceeds received from its sale or disposal. The gain or loss is then posted to a general ledger account. 
  
  Step-by-step How to Use: 
  1. Enter transaction code OC50 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 the proceeds received from the sale or disposal of the asset in the Proceeds Received field. 
  5. Enter a general ledger account for posting in the Posting Account field. 
  6. Click Save to post the gain or loss from asset retirement to your general ledger account. 
  
  Other Recommendations: 
  It is important to note that when using transaction code OC50, all relevant information must be entered accurately in order for it to be posted correctly to your general ledger account. Additionally, it is recommended that users consult with their financial advisors before recording any gains or losses from asset retirement in order to ensure that all applicable taxes are paid correctly and on time.