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Depreciation Posting in Closed Fiscal Year (repeat run)

Former Member
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Hello gurus,

My client faces the below issue:

We are trying to close 2011 in order to open 2013. 

But 2011 does not close after AJAB execution (no errors occurred in test mode).

I saw that there were some shutdowns in a particular asset class and transaction code AFAB in repeat mode for December 2011 produces FI postings.

I suppose this is the reason why we can not close 2011.

But, 2011 is officially closed fiscal year and we can not open 12th period_2011 in order to make these additional depreciation postings. 

Please gurus what you would recommend?

Thank you,

Sofia

Accepted Solutions (1)

Accepted Solutions (1)

Former Member

Hello Sofia,

classical issue and almost every time the same solution: as the validations of the year end closing run are strict, every planned depreciation must be posted before closing.

You can try to correct the planned depreciation in 2011 by reversing the activities, that created the issue. I doubt, that this will work as you´ve got postings in 2012.

So more likely you´ll have to post the depreciation in 2011 an adjust the balance sheet to the old (and reported) values by reversing these postings in GL. As you cannot directly post to the asset balance accounts you will have to create new accounts. In 2012 you can reverse these postings.

No nice solutions, but a strong reminder to close asset accounting before closing GL.

Regards Michael

Former Member
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Thank you a lot Michael for your reply.

Answers (2)

Answers (2)

Former Member
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Thank you all for your entries.

We decided to post depreciation / reverse posting and make additional FI posting in 2012 so as AA and FI to be reconciled.

Regards,

Sofia 

ramji1
Explorer
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Hi Sofia,

Can you please provide me how did you corrected depreciation postings for closed fiscal year.

We had about 13 assets for which planned depreciation was not posted in 2012  , so while reconciling we are getting differences in asset history sheet report and GL balances. To correct this we posted unplanned depreciation but still we are geing differences in asset history sheet and n GL balances.

Former Member
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Hallo Ramji,

We decided to proceed with the postings in Repeat Run and then make the opposite postings using transaction code OASV.

You will need an intermediate G/L Account for Depreciation Postings (in OASV) which afterwards this account should be closed using FB01. (balance transfer to main G/L accounts per cost center).

At the end, intermediate account is blocked for postings.

Good Luck *

Sofia

Marssel700
Active Contributor
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Dear, Sofia,

Find your non depreciated Assets Records by AJAB test run. Recalculate useful life to be according the year depreciation amount. So you can run last depreciation without postings.

regards