Period closing for assets accounting

HI experts
Since we are in 2009 i need to transfer the assets from 2008-2009, while doing the same through AJRW message is coming to close the books for 2007. on closing the books for 2007 through AJAB the error message comes some of the assets depriciation has not been completely posted . Actually the depriciation for dec'07 has been posted during book closure in dec'07 & BS has been printed on the basis of the same . However during 2008 we found some of assets having the start dep date is wrong , hence we have changed the date in 2007. the Depriciation for Jan to Nov'08 has already been posted without any error . kindly advice me how to proceed .
Regards
Saroj

Hi Saroj
Usually, during the year end closing process for Assets we initially need to close the previous Fiscal Year through TC: AJAB.
At this point of time if the depreciation run is not done in the past or depreciation for some of the assets not posted completely we cannot close the FY.
Similarly an error relating to determination of the base insurable value for asset will also occur in company code. Message: The base insurable value for this asset could not be determined.
Usually missing index figures are the cause for this error.
Therefore check the insurance specifications using master data maintenance. You should analyze the error by using the fiscal year change function in the screen for the insurance specifications.
I hope this will solve your problem
Regards
Murali Kanth Natti

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Year end closing for asset accounting,

Hi guru's
whne i was trying to close the asset fiscal year it was throwing erro "Transaction not completerly periodically posted" what would be the reason could any body help me out to resolve the issue.
value points assigned
thanks
sunitha

HI
Run AFAB in Test mode for 12 period that is March and check what error it will show. Now for a mean time your problem will be solved by opening the Fiscal year of the Asset and can carry on the regular transactions in Asset Accounting in the new fiscal year. Later on when the Dep is runned for the entire old fiscal year then close the old fiscal year.
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Getting error while Year end closing in asset accounting for the year ...

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i am getting error while doing Year end closing in asset accounting for the year 2004. It is giving few assets and saying that "Depreciation not posted completely"
Can any body help in this reagards.
With regards,

Dear Shree,
Do u have the list of all such assets for which no depreciation has been posted. If yes, then go to AFAB, upload the list all these assets & then select the radio button as 'repeat'.
This will post you depreciation for all the assets. then close the year.
regards,
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My fiscal year was april to march, but for my MIS purpose i want to see the asset related reports January to December. I want to see the both periods reports in asset accounting is there any configuration required for this?
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Before doing this test and understand what are the consequents from you requirements!!
When you do quarterly depreciation then you dates perhaps 31.03.**** 30.06.***** ..........
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Please provide information pertaining to Step by Step process for Asset Accounting in SAP.
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Year end closing in Asset Accounting

Hi, I have an urgent problem with the above subject. I ran transaction AJAB and got the error message AU075: "Asset balance sheet values not completely posted". I ran ASKB but got the message "Company Code xxxx allows enhanced periodic postings". I then ran ASKBN and got error saying certain posting periods were not open. Incidentally, the assets that the error messages were appearing against are assets that have been retired during the year. I opened the posting periods via OB52. I re-ran ASKBN and had no errors. However, no G/L accounts were updated and I still get error message AU075!
As this is the first step in carrying forward the year-end balances I cannot action F.16 and F.07 to carry G/L, AR and AP balances. My year end is March and I must produce a sap balance sheet for April asap but cannot until the above problem is resolved.
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Thanks

Hi,
Run the tcode ASKB without clicking the test run although it will not update any GL.
Second run the tcode AUVA and check whether any asset is incomplete.
then run AJAB for period closing.
Regards,
Meenakshi

Error in Posting Periodic Postings for Assets

Hi
I have an error in processing periodic posting of Assets. We have three depreciation areas. Depreciation Area 01 calculates the depreciation as per local reporting requirements and updates the GL. We have depreciation area 15 which calculates the depreciation based on tax laws. We have a third depreciation area 71, which is a derived depreciation area and calculates the difference between Depreciation area 01 and 15. I have maintained the formula for the same in Depreciation area 71 and have assigned the GLs also under special reserves in AO90. However, after running the depreciation cycle AFAB, when i run the periodic posting through T Code ASKBN or ASKB, the system is not generating an accounting document. The system is displaying values for all the three depreciation areas in Asset Explorer AW01N. Pls suggest what could be the error.
Regards
Sanil Bhandari

First Use TCode AFABN and Not AFAB.
Depreciation area 15 doesnot post any where.
Inorder to post values your 71 dep area, you need posting to this depreiciation area periodically.
Check how the depreciation is posting into this area. If it is not posting to this area change it to posts periodicaly.
You also need to assign seperate set of GL accounts for this area in AO90.
Reward if useful.
Sarma

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Can someone explain me how the period control works? Also how will we determine period control for 'Mid-Quater' convention.
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Period Control Method is a system object that controls what assumptions the system makes when revaluating asset transactions that are posted partway through a period.
Using the period control method, for example, you can instruct the system only to start revaluating asset acquisitions in the first full month after their acquisition.
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PS: Please award points if you find the answer as useful. Your rewarding will motivate me in the future to answer more questions. Thanks.

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I need to undo year end posting for Asset and recalculate depreciation according to the changed laws.
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Regards
Shilpa

Hii
Difference between the two transaction code are
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OAAQ-undo by company code.
in the first one u r only opening the depreciaiton area that is already closed.
and in later u r opening whole company code
Yes after the new depreciation run it will be adjusted but while running u need to select repeat run in T.Code AFABN.
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Can you plz explain with clear answer becz we are trying since pasy 2 days but the results are hopeless.
Waiting for quick reply.

Hi E Pericherla
Have you checked up the relevant Asset master, regarding Cost Center and BA Assigned there.
REgards
Chandrasekaran

FM Period Closing for Particular Fund and Fund Centre

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Can we block the FM period for the particular Fund/Fund Centre instead of opening it for particular account assignment and values ?
Regards,
Prad Pat

Hi,
Not by standard means. FM standard functionality allows to open periods not to block them. So, indirect blocking will be realised when you open periods for all combinations except for the one you want to block.
If it is front end FI documents which will be posted for this FM assignment, the easiest way to block them would be writing validation in FI.
Regards,
Eli

Period closing for assets accounting

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