Asset Procurement


Steps in a Asset Procurement

1) Purchase order (ME21N)

2) Release PO (ME29N) – if applicable

3) Goods Receipt (MIGO)

4) Invoice Verification (MIRO)

5) Goods Issue (MIGO) – ( to Transfer

Asset to inventory, if applicable)
 Asset Procurement

Purchase order

Input Account
assignment – “A” ,
Material No and Asset
no
GRN For asset

Ensure Excise Material

Type as Assets
 Convert Asset to Stock

Convert to Asset to stock with Mtype 242

Use Movement
type 242

After converting Asset into Inventory regular

process for STO needs to be followed for
transferring stock.