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Former Member
May 30, 2008 at 09:41 AM

Reverse Asset Capitalized in Closed Fiscal Year

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Dear All,

An asset was acquired in 12th period of the fiscal year 2007. Now the FI Posting and the Asset Accounting posting have been closed for the year 2007.

I have a requirement to reverse the capitalization of this asset. I tried to perform the reversal through AB08 but it gives the following error:

"You cannot post to this asset (Fiscal year already closed)

Message no. AA 370"

Please suggest a method to perform the reversal.

Regards,

Anosh