What is the Transaction code for Asset Retirement. What is the Transaction code for Asset Transfer.To create a new asset, navigate to Accounting → Financial Accounting → Fixed Assets → Asset → Create → Asset or use Transaction code AS01. We use this process to post the asset acquisition and the supplier invoice in the same transaction. A detailed Guide on the top 6 Asset Capitalization Process in SAP S4 HANA. An integral part of SAP Asset Accounting. 1. AS01 - Create Asset Master Record: Used to create a new fixed asset master record in SAP. 2. We use this process to acquire an asset in two separate steps: Asset Receipt, and Invoice Receipt.