Asset You can only post in new year after closing the previous year

Hi Experts,

I am getting below error while running the depriciation:

You can only post in new year after closing the previous year.

Message no. AA687

Diagnosis

You want to post in a new fiscal year. However, a posting must have been made in the last period in the previous fiscal year before you can do this.

Procedure

Post to the last period in the previous year first.

Note : I closed FY09, even though there were no assets in it at the time. The first asset was capitalized on 12/29/09 (clearly in FY10). I tried closing FY09 again and got the messege No year-end close is necessary for company code XXXX .

Could you please any one help me on this.

Thanks In Adwance

Regards,

Saritha.

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