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Former Member

Asset account

Hi experts,

A new asset came into business on 01/03/2011. In asset master the user entered the Uselife of asset was 5 instead of 10 years. Also the user already posted depreciation up to 31/03/2011 i.e. one month depreciation. Our client follows April to march fiscal year. So that the previous fiscal year was closed. When the user try to change the uselife of asset to 10 years. It will throw the

Error message E669 Fiscal year 2011 is already closed in financial accounts.

1) If we reopen the previous fiscal year and change the asset uselife, in this case, is the business would affect?

2) The user already posted one month depreciation, then how to change?

3) Is there any other solution to solve this issue?

Advance thanks

Good solution would be appreciate and Points to be awarded

abrose

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5 Answers

  • Best Answer
    Posted on May 03, 2011 at 08:23 AM

    Hi abrose

    1, first of all, please refer to SAP note 619969. You have to close fiscal year on AA side before GL side. Or inconsistency between AA and GL may happen. In your system, seems you closed the fiscal year on GL but not in AA side.

    2, You need to re-open 2001 in GL side in order to close 2011 in AA side first per note 619969.

    3, re-open 2011 in GL and change useful life to 10, then run AFAB in repeat mode, the procedure will affect the balance in GL side, even the depreciation in March can be changed as you expected

    4, As an option, you can consider following solution:

    u2022 Reopen 2011 in GL side first

    u2022 Close 2011 in AA side and then close 2011 in GL side again

    u2022 Change useful life to 10 years

    u2022 Use T-cd: ABZU to post write up with amount of one month depreciation difference calculated by 5 years UL and 10 year UL for March

    Hope itu2019s helpful.

    Best regards

    George

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    Former Member
    Posted on May 04, 2011 at 12:45 AM

    Thanks for your fast respond

    But for our client, we canu2019t reopen the previous year because they already prepared Balance sheet and finalised the last year account.

    1) If reopen it will affect the B/S because they already completed.

    2) I have one suggestion, to create one new asset and transfer the old asset into new asset, then change the uselife and

    adjust the depreciation balance in the new asset. Please correct me if take this step correct or not.

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    • Hi

      Before considering how to adjust the depreciation posted in previouse year, please comfirm note 619969 applied correctly that means the fiscal year 2010 is closed in AA side before GL. otherwise, incosistency between AA and GL will happen.

      Best regards

      George

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    Former Member
    Posted on May 05, 2011 at 02:25 AM

    yes, I solved this issue and the solution as below

    Then I thank to everyone for their suggesstions.

    Previous year Asset to change the use life of asset 5 to 10 years in asset master. In this case, the previous fiscal year was already closed. We cannot reopen the last fiscal year also it will affect the GL accounts and balance sheet.

    For this scenario, the user need to create one new Asset account in Asset master then transfer the old asset to this new asset account. When they creating the new asset account must remember in Depreciation areas enter use life of asset is 9years and 11 months. Because they already posted one month depreciation.

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    Former Member
    Posted on May 05, 2011 at 02:26 AM

    asset

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    Former Member
    Posted on May 05, 2011 at 02:27 AM

    asset

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