Asset transfer

[Former Member]

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Hi Gurus,

My user wants to transfer Asset to Retained Earnings Account as on 31.3.08 through T code F-02 (doc type:JV).Now when he is going to select posting Key 70 and GL code ,then system shows following error:

"You cannot post to asset in company code 2000 fiscal year 2007.

Message no. AA347

Diagnosis

A fiscal year change has not yet been performed in Asset Accounting for company code 1000.

Procedure

Check the asset value date.

Pl advise.

Regards,

Samar

[Former Member]

Hi Samar

You must carry forward the balances of the Asset through T-code AJAB and then execute the year close with T-code:AJRW.

I hope this helps.

Regards

Kavitha

[Former Member]

HI,

Why you are posting to retained earnings account manually,

retained earnings account has to be updated manually.

Anyhow, you can open your Asset fiscal year, first you check what is current year for assets,

T-Code OAAQ for open fiscal year

AJAB for opening new year

try this

Regards

[rupesh_brahmankar3]

Dear,

As per ur error message:

Path:

SPRO AccountingFinancial Accounting Fixed Assets Periodic Processing--Fiscal Year Change

Or

T.Code AJRW

Maintain:

Co code:xxx

Fiscal Year: 2007

Regards,

R.Brahmankar