Year end closing for fixed asset

Hi,
     Currently we run the process AJAB to close the year for fixed assets at the end of the year and can close two years back.  So in September 07 I would have closed 2006, then run AJRW to open 2008.
So it is my understanding that we can only have two years open and we have in the past had the current year and one year back.  Do you know why we do this, why don’t we have the current year and one year forward?
There has been a request to close 2007 for fixed assets, if I do this, will this cause any problems?
With regards,
Sree

If u close the 2007 there is no problem, useally everbudy maintain one previous year and one current year, basic reason is if the any capitilization is to be made with back date u can able to do. If that is not there in your case u can close but if you open the future year after that you can not reset/reopen the 2007.
If you open 2009 also there is no use, because with future date no budy do the capitalisation.
advantage of opening of 2009 only one advantage is u can able to see the depreciation simulation will be taken period wise.
disadvantage of opening of 2009 you can't open 2007 if you post any entries with back date.
assign points if its helpful.

Similar Messages

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  • Year End closing Asset accounting

    I am carrying out a currency conversion and at Analyze stage I am facing the following error.Closed year 2005 in company code XXXX and area 01 incorrect.
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    XXXX            No                        0              0              0              0       0
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    Dear Garikai,
    Hope closing activity and balance transfer for year 2005 has not been done properly. Please close the year 2005 properly and follow the same procedure for the year 2006.
    It will happen.
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  • Year-End Closing Asset Account - AJAB

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    Hi,
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  • Cannot execute year-end closing in IDES R/3 4.71

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    =========================================================
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    George,
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  • Year end closing - facing problem in dep area 55

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  • Back up plan for Asset year end closing

    Hi,
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    Regards
    Shanu

    Hi Shanu,
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  • Getting error while Year end closing in asset accounting for the year ...

    Hi,
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    With regards,

    Dear Shree,
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  • Error when closing fiscal year 2010 for fixed assets

    I was performing year end close for asset management using TCode AJAB and received an error that one asset has not completed posting depreciation for 2010.
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    Hi
    You have to execute repeat run in AFAB for DEC 2010 and then try to close using AJAB.
    REgards
    Malathi
    Edited by: malathi_u01 on Feb 9, 2011 9:09 AM

  • Change fiscal year to 2006 in Asset Management : error in year-end closing

    SAP version: 4.0B
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    Hi,
    Thank you very much for your prompt reply.
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    Surprisingly! The areas are closed only till 2003.
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    Sincerely,
    Vidya

  • Asset Year end Closing AJAB

    Hi ,
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    Regards,
    Manish Garg

    Hi,
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    510356 - AS02: deleting incompleteness indicator
    436353 - Incorrect assets displayed by RAUNVA00
    or
    Note 699477 - Incomplete fixed asset in ANLH and ANLC fields
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    Rgds.

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