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Former Member

Dep. Key Change

My client want to change the depredation key in the October'17 and the asset was created in April'16. How to do that? Can posted value of depreciation be changed? If not, how to change the depreciation key going forward. It is showing error of fiscal year 2016 is closed. Is it advisable to change the dep. key by opening Financial Accounting year 2016.

Please assist.

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1 Answer

  • Oct 31, 2017 at 12:59 PM

    Please talk with your client's accountants. You can post write-ups or writedowns (ABZU, ABAA) to catch up depreciation as needed. It is never advisable to open a previous fiscal year

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