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According to posting cycle, you should post period 012 next

Hi Experts,

We are doing legacy asset transfer for a company code. One of our old team mate has set the transfer date as 05/31/2014(period 11) and the specify last posted depreciation (OAYC) as 2014/11. We are following June-July fiscal year and the go live date is 05/31/2014.

I am getting error "According to posting cycle, you should post period 012 next" when doing unit testing for depreciation in period 8 for newly created asset through AS01 and it is because we set last posted depreciation in OAYC as 2014/11.

In this situation how to test the scenarios?

I want to change the transfer date to 04/30/2014 because we want to do the unit testing and UAT after loading the assets if we cannot execute the depreciation script for period 8 as said above?

Please suggest Can I now change the asset transfer date and last posted depreciation and will there be any consequences as I have already loaded 5 assets through AS91.

Thanks in advance for your help.

Thanks,

SNVKN

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  • Best Answer
    Posted on Feb 12, 2014 at 07:03 AM

    Hi SNVKN

    If fiscal year is from July to Jun and you want to post depreciation posting for period 8 in ERP system, then you can change transfer date to 01/31/2014 and last posted period to period 7 of 2014 for test purpose.

    Assuming that you have posted depreciation for period 8-11 in legacy system, the only consequence caused by above settings is to poste depreciation for period 8-11 again in ERP system again.

    In general, if depreciation posting has been done for period 8-11 in legacy system, then you need to set transfer date to 05/31/2013 and last posted period to period 11 of 2014 in ERP system to ensure the data inconsistency between migrating systems.

    Hope it’s clear for you.

    Best regards

    George

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