AJAB : close fiscal year

Hi All,
We tried closing FY. Though the close was carried out successfully, the Line items shows: 0. Can any one tell me what it means?? and is it normal
Thanks

Hi:
          For instance you closed Year 2010 AJAB and you getting this value 0, is there something written in Note area...In order to ensure that Fiscal year change has been done successfully in co code you can try with simple posting to any asset for your co code. If system lets you enter the asset , this means fiscal year change has been made and vice versa.
Regards

Similar Messages

  • Year End Close Fiscal year/Asset End Closing

    Dear FI Experts,
    User ran t.code F.16  fiscal year balance carry forward, before running AJAB for Year End asset accounting.  Per my knowledge SAp requires to do  AJAB prior of closing assets. Do I have to reverse fiscal year balance carry forward and go in order?
    Thank You for your comments

    Yes frank,
    GL closing should be carried only after all the sub ledgers are closed
    for asset closing
    you should open the new fiscal year first (AJRW) and then close the existing fiscal year. (AJAB)
    otherwise FI-AA and Fi-GL may not reconcile (use tcode ABST2 to check this)
    Regards
    Sach!n
    Edited by: Sachin Bhutani on Jan 30, 2010 3:32 AM

  • Can we close Fiscal Year for Assets without posting Depreciation?

    Hi All,
    My client has 11 Company Codes. During the year end activity, I closed the FY of Assets for 10 Co. codes (T.code AJAB) and 1 is pending as depreciation is not posted for some assets yet. The client wants me to close the FY for assets without posting the depreciation.
    Can anyone guide me on following doubts:
    1. Is it possible to Close FY for assets without posting depn?
    2. If YES, then what can be the adverse consequences of it?
    3. If NO, then what is the alternative reply I can give to my client?
    I hope the above info. is sufficient.
    Regards
    Amarendra

    Hi All,
    Finally I got the solution. I had to do some off track adjustment which might not be allowed otherwise. After getting that confirmation from the client that:
    1. They want to post zero values towards Depreciation for the year 2007              &
    2. After closing the year, later on there wont be any adjustments for the closed FY 2007
    When client gave me above confirmation i did following steps:
    1.Note down the Current Depreciation Key of the asset
    2.Change the current depreciation key to u201C0000 - No depreciation and no interestu201D (TC: AS02)
    3.Close the fiscal year 2007 (TC: AJAB)
    4.Change the u201COrdinary Depreciation Startu201D date to 01.04.2008 for ALL the Depreciation Areas of that asset (AS02)
    5. Restore the Depreciation Keys of the assets as per the step 1 (TC: AS02)
    6.Open New Fiscal Year 2009 (TC: AJRW)
    So now the depreciation will be calculated from 01.04.2008 and no values are posted towards depreciation for the year 2007.
    Off course in the normal course of time above solutions are useful.
    Regards,
    Amarendra

  • Adjustment in close fiscal year

    Hi Friends,
    We close the 2009 fiscal year now we need to pass some adjustements in that fiscal year.
    Please tell me what is the proccess
    thanks,
    Chitra

    Hi Ajay,
    I pass the entry using fb01
    DR Expences
    CR Accrual(USD)
    In my retained  earnings account  amounts it's not change in Fiscal year 2010.
    thanks,
    Chitra

  • Cant close fiscal year in AF

    The depreciation of assets was executed incorrectly for period 12/2005. In order to solve the problem we must clear those anticipated amortizations (depreciation) to be able to close exercise 2005.
    Although exercise 2005 was not closed, the assets continued in the accounting for period 2006, reason why now exercises 2005 and 2006 cannot be closed.
    We  tried to close exercise 2006 using transaction AJAB but the system indicates that previously we must close exercise 2005.
    When executing the closing of exercise 2005, log of errors indicates that we have 6 assets with incomplete depreciation, this cannot be closed exercise 2005.

    Hi,
    FY 2005 has to be closed before FY 2006 can be closed. Try running the deprecaition run (AFAB) for the 6 assets shown in the log (may be in test mode) to see if they can be posted and decide.
    Rgds.

  • Fiscal year closing error

    Dear Expert,
    When I was trying to run AJAB to close fiscal year 2007 and I got an error message
    "The planned depreciation was not completely posted to Financial Accounting for asset 017000000000-0000 in company code 0011 in depreciation area 01u201D
    Actually this asset is goodwill, it was created in year 2007 and amortized for one year but in year 2008 due to IFRS not allow to amortize goodwill so the depreciation key was changed to "0000" no depreciation.
    When I try AFAB for this particular asset for period 12 for 2007 and I got message that it can only be run in period 13. So I change the period to 13 and I see a report for depreciation to be posted. Under the planned column is 0, posted column is the accumulated depreciation figures and to be posted is a reverse amount of the posted column. This means it will reverse the accumulated depreciation of year 2007.
    What's worng with it? This goodwill should be depreciated in year 2007 and only 2008 not to be depreciated? Any way can go directly to the table and change the figures so that no posting is needed?
    I am using SAP R/3 4.6C
    thank you
    max

    Max,
    Shall I suggest you a way to handle this situation? Please go ahead and check the "Shut Down" Indicator after adding an interval with the date beginning 2008.
    Use T-code AS02, go to Time-dependent. Click on Add Interval under More Intervals and add the beginning date of FY2008. Then check the Asset Shut down indicator. You can change the Depr key back to the old one. See the results of this change in AW01N.
    The reason why the system is reversing the depr already posted is that you have selected the depr key 0000, which means no depreciation throughout life.
    Please revert in case you have any questions.
    Regards,
    Vinod

  • Fiscal year 2011 is already closed in Financial Accounting . Message AA669

    Hi Expets ,
    Our fiscal year is from Jan to Dec .
    My super user has already done the following
    1. OB52 -- Current period open is 1 2012 to 2 2012
    2. Asset depreciation run is done
    3. AJRW has been executed
    4. AJAB has been executed .
    Still we are getting the following error .
    Fiscal year 2011 is already closed in Financial Accounting.
    Message no. AA669
    Diagnosis
    You have initiated a recalculation of asset values for fiscal year 2011. However, fiscal year 2011 is still open is Asset Accounting, but not in Financial Accounting.
    System Response
    Due to this inconsistency between the General Ledger and the the subsidiary ledger, processing is terminated.
    Procedure
    Close fiscal year 2011 in Asset Accounting as well.
    Kindly suggest

    Hi:
           The logic behind the error is that It is not allowed to close first general ledger before sub ledger. This will lead to inconsistencies.Please open fiscal year in FI-GL. Use t codeOB52 to do so.
    Refer to OSS note 619969 for this issue, If it is not possible to open the fiscal year because audit has already been completed ,then there is a Workaround report RACORR20_A from note 29694
    Regards
    Edited by: Atif Farooq on Jan 18, 2012 10:35 AM

  • GL account that doesn't reset, after finished the post of end Fiscal Year

    Iu2019m facing a new problem while trying to perform the process of close fiscal year, the process that I do be the following:
    F.01> F.16>F_IT_01>F.16>F.01
    After that all the process is done, i analyze the balance sheet, and see that some general ledger account, of  profit and loss statement account , doesn't zeroed.
    but I removed the flag that allow only automatic post and re-did the process, but the error keeps happening. Could you please help me to fix that error? Has anyone faced a similar situation?

    Sutton, I don't know if I made myself clear but the problem we are facing with the system is related to the end Fiscal Year, i need carry forward the final result of some P&L account for following year, but i'm not getting. What I mean is, as i do to carry forward of the final result of a P&L account for following year, once Im working in an American company code placed in Brazil, once i had done process of end Fiscal Year closing?
    Holdstock, I already checked, and it is set as P&L...so I dont know if there is any relation between chart of account with chart of account consolidated, but my costumer uses a chart of account for Brazilian branch and one another chart of account consolidaded for matrix, in USA

  • Without run depreciation they have closed fiscal years

    Hi all
    In my development system without Depreciation Run they have closed fical years.
    They did not run depreciation from 2003 and 02 period.
    present fiscal year is 2007.
    How can go back and how can i run depreciation from 2003. Please tell me clearly.
    It is very urgent.
    Thanks in advance.
    Krishna

    Hi,
    as far i know,
    you cannot close fiscal year without running depreciation until period 12.
    you said that your present fiscal year is 2007? is it FI Fiscal Year or Asset Fiscal Year?
    If 2007 is FI fiscal year and your Asset fiscal year is 2003 then you want to run the depreciation for 2003, You must open FI fiscal year for 2003 until 2007.  Use t-code : OB52 to open FI fiscal year.
    You can check the last closed fiscal year for ASSET in t-code : OAAQ.
    Hope it can help.

  • Turkey: year end close RFSUMB00 / fiscal year variant

    Hello guys,
    I am wondering if anyone of you have had this requirement before.
    Running RFSUMB00 on a Turkish company code will blow away the balances from all G/L accounts so that each individual account has a balance of 0.
    Questions:
    1. How do you manage revenue accounts (cost element categories 11 and 12). A pure cost centre is not enough as CO account assignment. You can switch off error message KI 166 (so that no COPA documents are then created), but is this really wanted?
    2. If each individual account has a balance of 0 at year end, how to create a B/S and P/L for that year? Especially, for previous years? The only thing that comes to my mind is using special periods (13 to 16), but....   -->
    3. ...in our system, the FI fiscal year variant is not K4, but a custom variant. The fiscal year (of the group) does not end on 31st December. I have a small FI-SL application running in the background (with K4 assigned there), and I could change the FI-SL period to 13 during the document transfer easily, but I ask myself why I do not post all of these funny closing documents directly in FI-SL then? This would save me from the usage of dummy assets/customers/vendors and the continous changes made to the "automatic postings only" flag (SKB1-XINTB).
    Turkey experts, any hints welcome. What are your best practices?
    Thank you,
    Csaba

    Yes frank,
    GL closing should be carried only after all the sub ledgers are closed
    for asset closing
    you should open the new fiscal year first (AJRW) and then close the existing fiscal year. (AJAB)
    otherwise FI-AA and Fi-GL may not reconcile (use tcode ABST2 to check this)
    Regards
    Sach!n
    Edited by: Sachin Bhutani on Jan 30, 2010 3:32 AM

  • OAAQ -  how to close again the reopen fiscal year in asset accounting

    hii frineds
    I have a Query that
    we have closed fiscal year 2006 and after closing we found some adjustment so reopent he same that is 2006 from T.Code OAAQ.
    Now adjustment are done and i need to close the fiscal year 2006 how can i do that???
    please Suggest...
    Points will be given
    sejal

    hi,
    first you need run t.code ajab for closing of 2006 and you need to run ajrw to open fiscal year 2007
    if it is useful pls assign the points
    Thanks & Regards
    phaneendra

  • AJAB Error in Fiscal Year Closing

    Hi,
    i have excuted AJAB T-Code & tried to close the Fiscal Year.
    but error showing as below.
    Close Carried Out : No
    Other Error : Yes
    Note : Depreciation / updating of values has errors.
    Please suggest, it is a very critical issue for me....

    Hi,
    There is no option is available as Long Text, in SM37 error messgae showing as below.
    And we are not updating the Insurance Values.                                                                               
    CoCd       Close carried out    Inactive     has errors     not posted     line items   Other error                                                                               
    VSIN            No                        0               0                   0                0                 Yes                                                                               
    01.06.2009         Year-end closing Asset Accounting           2
                                                                                    Display detail
                                                                                    CoCd             Asset                   Note
                                                                                    VSIN     260300012105-0000      Depreciation/updating of values has errors

  • Depreciation Run - Fiscal Year Close

    Hi,
    We have the following scenario. The implementation was done with effect from 01 Jan 2008 and the Fixed Assets Data migration (Acquisition Value and the Accumulated Depreciation) was done on 31.12.2007. There after while we carry out the Depreciation Run for the month of Jan'08, during the Test Run, the system provides the error message - "Close the Previous Fiscal Year before carrying out the Depreciation Run". When we try to close the fiscal year 2007, the system gives the message - "No need to close the previous fiscal year 2007". Thus we are neither able to close the previous fiscal year nor are we able to carry out the Depreciation Run. Could any one advise as to what could be the problem and how can we proceed further ?
    Thanks in advance.
    Best Regards,

    Hi Sonali,
    Thanks for the feedback. Tried to close the fiscal year using the T Code AJRW. Even after this the Depreciation Run gives the error message - You can only post in new year after closing the previous year. And when we try to close the fiscal year using the T Code AJAB, the system gives the message - No year-end close is necessary for company code 0073. The first fiscal year in our case is 2008 and the data migration took place on 31.12.2007. Does that mean that we have to carry out the Depreciation Run for the month of Dec 2007 and then proceed with the Depreciation Run for the month of Jan 2008 ?
    Thanks in advance.
    Best Regards,

  • Opp Close Date - Quarters should be in Company Fiscal Year format

    Hi,
    I have to design report to calculate No of Opp Closed in Current Quarter and Last Quarter both according to Fiscal Year format.
    Now, when I see Report 'Opportunity Analysis' for Data Source 'Opportunity Header and Item', Key Figure 'Close Date' has hierarchical date values (Quarter, Year Quarter etc) same as Calender Year.
    For Example.
    If Close Date = 15 Jan 2014, then system shows Quarter = Q1 and Year Quarter  = Q1/2014. Meaning it is same as Calender Year.
    Now, Company Fiscal Year starts from previous year Aug to July. So 15 Jan 2014 should be Quarter = Q2 and Year Quarter = Q2/2014.
    Similarly, If Close Date = 10 Sept 2013, then system shows Quarter = Q3 and Year Quarter  = Q3/2013. Meaning it is same as Calender Year.
    Now, Company Fiscal Year starts from previous year Aug to July. So 10 Sept 2013 should be Quarter = Q1 and Year Quarter = Q1/2014.
    To achieve Date hierarchical values in Fiscal Year format, Please let me know if I need to do any config OR if I am missing something OR I can achieve in fiscal format by creating new Key Figure.

    Alim,
    As per my knowledge I did not find any setting where you can change the Calendar Fiscal Year in the system.
    But what you are trying to achieve can be done in a different way.
    If I understand your requirement right if you have 10 Opportunities in Jan 2014 you should see them as Q2/2014 instead of Q1/2014. What you can do is you can create 4 Restricted Key figures for 4 Fiscal quarters , i.e Aug to Oct -- Q1. Sept to Jan--Q2 , Feb to Apr --Q3 , May to July -- Q4 . Then Hide the original Key figure and make these 4 Key figures available in your report.
    So if a user searches for Jan2014 the Key Figure Q2 will have some values not Q1. Try this.
    This is a round about solution which might work. Quarterly search is not possible in this case as the system is still assuming Jan2014 as Q1 but not Q2 what you did above is just masking of Q1 as Q2 in your report.
    Hope this helps you.
    Thanks
    Pavan.

  • Fiscal year close

    Hi all,
    after depreciation run in AFAB, the log showing with red colour and listed some assets. the message no is given AAPO504.
    when went for aw01n of listed asset, the system is giving error message "Fiscal year 2004 is already closed in Financial Accounting".
    where i open this year? and now the fiscal year is 2007, not 2004. why the system asking previous year? and what is the solution or t.code for this?
    Thanks,
    Soma

    Hi,
    yes there is no problem if you have the AA opened.
    But I would also start the AJAB. And if there are any changes to do I would re-open it.
    Reason: If you do any changes in the AA master data (like changes of the depreciation key) with the result that the despreciation will be recalculated; you will have the problem that the system will calculate them starting last year; therefore you will get some posting for the last year which you don't want.
    Therefore I would change the AA-year.
    Best regards
    Volker

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