Depreciation Posting

Hi, I am trying to run my depreciation for Period 01 in the New Fiscal Year, I get error that "You can only post in New Year after closing the Previous Year".

1. There were no Assets for the Company Code, they were only created now, Period 01.

2. Project Settlement was run to Capitalise Assets for Period 01.

Everything has just been created now, in this New Financial Year, the creating of depreciation keys and settlements.

Please help!!!!!!