fiscal year change problem in asset accounting while doing migo - urgent

[Former Member]

Dear All,

We i am doing the MIRO transaction for one of the asset, it is showing the error as

"Fiscal year change has not yet carried out".

so what would be the problem for that?

Thanks and Regards,

Govind A.

[Former Member · Accepted solution]

Hi Govind

In this case you need to do first asset year end closing by using Tcode AJAB and then you have to change asst fiscal year with Tcode

AJRW.Then only you can process forward.

Hope this will clears your problem

Assign points if useful.

Nilesh

[Former Member]

Hi,

Please carry out T. code AJRW, as this needs to change fiscal year from old to new. Then it will allow you to post entries in MIRO

Also open next fiscal year period for FI postings

Regards,

Kedar

[Former Member]

Hi,

Usually 2 fiscal years can be open for asset accounting simultaneously. For posting in MIRO you need to ensure that whether the fiscal year in which you are posting is open or not. If you are posting in 2008 then in that case 2006 and 2007 must be open. First you close 2006 and then open 2008. Then only you can post.

Please let me know if I am wrong

Regards

Tapan

[Former Member]

Hi Sejal and Tapan,

I have executed the transaction AJAB as you both said for closing the fiscal year 2007 to open a new fiscal year 2009.

It has created a sppol and showing an error that, "4221 (Asset no) - Depreciation has not taken completely".

so what is the solution for that.

Thanks

Govind A.

[Former Member]

Goto to the asset, check which period is not posted. re start the depreciaiton again for that period

[Former Member]

Hi Tai,

The capitalization date is from 12.12.2006.

The financial year is from 01.04.2006 to 31.03.2007 (fiscal year 2007). so they haven't run the depreciation for this particular asset for fiscal year 2007. and now the Fiscal year 2007 has been closed in FI.

they have runned the depreciation for that particular asset on from 01.04.2007 to 31.12.2007 (ie for the financial year 01.04.2007 to 31.03.2008, fiscal year 2008).

i have also seen the master of that particular asset, in which the depreciation start is from 01.12.2006 (DD/MM/YYYY).

that's why the error is occuring as the depreciation for this asset has not been completely taken.

so what would be the solution for that.

Thanks...

[Former Member]

i assumed that you want to carry forward your fixed asset to FY 2008.

I encountered this before for one of my client. there have 20 company no carry forward to FY 2007, there have already reported your financial result.

SAP and most of the gurus will tell you to open the period and make the necessary adjustment. but in reality, how many us really do that?

This is one method i try. out of 17 companies work without any posting for FY 2006.

Try this method:

(1) open the FI period, (no matter what FI period need to open to do the testing)

(2) goto to the particular asset, depreciation area tab, change the book depreciation key to 0000.

(3) look at the asset planned deprecaition again. checked whether there is any planned depreciaiton for FY 2007.

(4) if there is no planned depreciaiton for FY 2007, carry forward forward your fixed asset to FY 2008.

[Former Member]

In Asset accounting u need to change the fiscal year,. that means u need to open the new fiscal year....

In asset acounting it allows u to open 2 year at time,

for opening a new year u should close the last year

for example for opening you should close 2006 first,..

for this you can do the year change through T.Code AJRW.

and 2006 year endl close through T.code ajab.

once you open 2008 this message wont be there.

Hope this will solve your problem.

sejal singh

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