Depreciation - Post in the Previous Year

[SumanaSoori]

Hi,

I am trying to post the depreciation for Jan 2010, but the system is giving the error that I need to post in the preious year first.

However when i am trying to post the depreciation for the previous year, its giving the error that previous year is closed. Can anybody help me how to resolve this issue. Thanks.

Regards,

S.Sumana.

[former_member602498 · Accepted solution]

Hello Sumana,

I have encountered similar issue in one of my clients. What you need to do to remedy the situation is that you need to open the Asset fiscal year in OAAQ and then post depreciation month wise till the current year start. For posting depreciation you also need to open the old accounting period but if there were no asset postings in previuos years then you do not have that risk of anything getting posted in books(which are already closed) in those prior fiscal years. This was from books point of view you maintain status quo.

Close the previous asset years and posting years once you are done with depreciation posting for a particular year.

After you come upto date you can run the depreciation normally in current year.

Regards,

Vijay

[SumanaSoori]

Ok.Thanks for the detailed reply.

[Former Member]

Hi

Try the following

Open previous period, run depreciation even if no asset postings are available and then execute depreciation for current period

Thank You,

[SumanaSoori]

hi All,

I have already checked in OAAQ, the previous year is already closed. So can anybody please tell me how to go ahead and post the depreciation in current year.

Regards,

S.Sumana.