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Former Member
Jan 20, 2013 at 04:20 AM

Asset entries in closed periods


Dear Experts,

We are using SAP in our company (India) since November, 2010. We have configured Asset Module too but since go-live to till today we never give any asset entry in system. Our Accounts dept. just paid the vendors directly through Finance entries without creating any asset in system. We also didn't perform any year opening activities and depreciation run transaction. Now our finance users want to input all assets in that date when they purchased those and want to run depreciation. They want to make the asset entries OK up to this month and from the next month they will update asset on regular basis and run depreciation regularly.

Viewing above, would you please advice us the step by step processes to overcome above situation. Your help and support on above will be highly appreciated as we have stuck of asset entries.

Thanks & Best Regards.

Ripon Kumar Paul