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Former Member

Asset transfer

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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

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3 Answers

  • Sep 29, 2008 at 12:13 PM

    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

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    Former Member
    Sep 29, 2008 at 12:20 PM

    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

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    Former Member
    Sep 29, 2008 at 12:36 PM

    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

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