Closing for Assets

Dear Friends,
I Have a small problem which is creating big issue.I hope i can get solution from you all.
We have done MIGO postings for Assets.But No MIRO for that.
No depreciation till now .open periods for Assets 05-06 and 06-07.
Now i need to close the period and open 07-08.and need to upload all assets balances and master records for the past year.
Note ...Not required all remaining postings related thease above in SAP because we are maintaing the same in Other soft wear also....
How can i close period and open new and how to upload the balances with masters.....
Thank u
Ramu.Bathineni

Hi ,
Here my situation is ....
I need to upload all asset masters with balances from Legacy to SAP from 01.04.2007 onwards..We don't bother the amounts which r in SAP for Assets..But those balances should not display in 2008.
Here periods open from 05-06and 06-07.no depreciation till now....
for this can any one give solution...
Ramu.B

Similar Messages

Undo Year end closing for Asset

Hi,
I need to undo year end posting for Asset and recalculate depreciation according to the changed laws.
Is there any prerequisite/constraints to be taken care of before running OAAR(undo year end closing) and AJAB(year end closing) after required postings are done. Any other financial impact does these transactions have apart from the desired depreciation calculation?
Any help in understanding the scenario will be highly appreciated.
Regards
Shilpa

Hii
Difference between the two transaction code are
OAAR-undo by depreciation area
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.
Through repeat run it will take into consideration the changed values and again calculates the depreciation.
so values will be adjusted.
Thanks
sejal

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

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.
Regards

Back up plan for Asset year end closing

Hi,
Do you have any back plan prepared for Asset year end closing especially t.code AJRW and AJAB (running this in Background).
what back up plan we should recommend if it fails for already happened activities.
Regards
Shanu

Hi Shanu,
there is a Test-run modus.
If it fails for some reasons, you will get a error message. Then you solve this error and repeat AJRW or AJAB.
regards Bernhard

Getting error while Year end closing in asset accounting for the year ...

Hi,
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,
Ajay

MIGO posting for asset

Hi
During creation of MIGO for asset we got error " YOU CAN NOT POST TO ASSET IN COMPANY CODE BP01 FISCAL YEAR 2011"
We have copied an existing one asset.Plz tell us the solution.

Hi,
Please refer to the following link
You cannot post to asset in company code 1000,fiscal year 2011
reverse asset -- You cannot post to this asset (Fiscal year already closed)
You cannot post to this asset (Fiscal year already closed)
You cannot post to asset in company code 0001 fiscal year 2009
error msg: You cannot post to asset in company code xxxx fiscal year 2010
You cannot post to asset in company code ITML fiscal year 2008
Also for more clarity pls post in FI/AA or take help from FI consultant.
Thanks
sBk
Edited by: Sujithbk on Dec 17, 2011 8:12 AM

Closing of Assets

HI all,
can anyone guide me how to do the closing of assets, along with the method and t-code.
thanks,
n i will assign points.

Hi,
To close the Assets -- Use AJAB.
Before that ensure the following
Step1:
Just check, whether u had finished depreciation run for periods from 1 -12 and 13-16 also. If not finish that part. use Tcode : AFAB
Step2:
Run t code ABAA - for unplanned depreciation.
Step3:
Run t code AJRW - Run Asset Fiscal Year Change - Test Mode
"This transaction cannot be run any earlier than the last period of the fiscal year.
This opens up the next fiscal year for asset processing and must be run before the fiscal year close can be executed"
Check for errors and correct assets as required
Step4:
Run t code AUVA - Incomplete assets
Check for errors and correct assets as required
Step5:
Run again t code AJRW - Run Asset Fiscal Year Change - Update Mode
Step6:
use Transaction:AJAB, with test run, if there is any problems we will get that list of errors. If we are not getting any error then we are remove the test indicator and executed in backgroud.
Once this transaction is completed
By this you can close your assets.
if it is useful please assign points.
Regards,
Prashanth

Error in Fiscal year close for assets

Hi All,
I did AR29 / ABAWN (revaluation of Assets). But SAP gave me error as
Diagnosis
The fiscal year 2001 is already closed for area 90 in company code 1000.
Procedure
Check the depreciation area specifications in Customizing. If the specifications are correct, use a transaction type that does not post to the depreciation area mentioned above.
In the AR29, i mentioned all date as 01.09.2009.
Then i tried posting asset Acquisiiton (in F-90) in same date & it passed the entry. So i do not know what period is closed & why its showing as year 2001 in error message.
Edited by: Deepak Agrawal on Oct 12, 2009 10:33 AM

In OB52, open periods (for A, K, D, + , M, S) are shown as:
From 01 / 2009 To 12/2010. special period is open from 13/2009 to 16/2009.
This mean 2010 is open for the posting entries
But why its allowing me to post F-90 (asset acquisition entry in 2009) & not allowing revaluation of assets.
Edited by: Deepak Agrawal on Oct 12, 2009 11:14 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

Change of Cost center for Assets --- AS02

Hi,
I have one asset 1234. for that Already we closed the year 2008.
In the Asset master we are using Cost Center -- ABCD, but from 2009.04.01 m i want to change the Cost Center -- XYZ. For that i tried to change the cost center in following way;
1. In AS02-- Time independent data-- i enter the new interval effective from 2009.04.01 then i was saving the asset master,
But while saving one error Msg is coming
"Automatic Transfer is not Possible for Asset 1234. "
Details of SAP message :
"   Automatic transfer is not possible for asset E8 840200000066-0
    Message no. AMOC 001
Diagnosis
    You changed assignments to organizational units for asset E8
    840200000066-0. The indicator for 'time-independent organizational
    units' is set for this company code in Asset Accounting Customizin
    This means that the system is supposed to create a transfer docume
    automatically.
    However, asset E8 840200000066-0 manages one of the following:
    o   Open items
    o   Investment measures
    o   Down payments
    Therefore, the system could NOT automatically create a transfer document. "
So please tell me , How can i change the Cost center in Asset Master.
Sachin

We have many company codes and all company codes have same configuration and All company code have time independent settings.So why this message is only coming for this asset class and in this company codes only. I tried in other company codes with same asset class, but its working, No error message is coming.

Group Asset for Asset Master

Hiii gurus
We are uploading data from April ' 07 till now..while uploading data i have entered the closing balances of assets and for group assets..
Now in the month of April & May ' 07 , in Asset master template i forgot to enter Group Asset no. in Asset master data ( AS01 ). And the assets also capitalised in the relevant months.Now i have to give ( Assign ) Group Asset no. in Main Asset , but the field Group Asset in Main Asset is Suppressed.
Plsss tell me how to make link between Group Asset and Main Asset after the acquisition ???
Thanks & Regards
Ramki

Hi,
Try at below path:
Financial Accounting (New)>>Asset Accounting>>Master Data>>Screen Layout>>Define Screen Layout for Asset Master Data.
here you can change the layout for the same.
Kind Regards,
Mehul

Period end closing for FI and AA.

Hi,
pls. explain me in detail Configuration for period end closing for FI and AA.
thanks
jay

Hi
In FICO period end closings are
Monthly Posting periods
All park documents
Automatic Payment Program
GL A/cs
Vendor A/cs
Customer A/cs
Recuring Entries
Depreciation
BRS
Integration MM, SD
Withholding Tax etc.,
CCtrs
CElmts
Internal Activity Allocation
Internal Orders
Distribution Cycles
Assessment Cycles
COPA Reports etc.,
AA
Depreciation Run (AFAB)
Asset Under Construction (AUC) this is year end closing activity.
Shammi
assign points if it is helpful

Financial closing for SAP R3

Hi,
a)Would like to seek for the step to perform financial year closing and the prerequiste thing need to perform before financial year closing? kindly provide link reference for the documentation.
b)Does SAP R3 perform the financial year closing in GL have to close fix asset module first follow by inventory module, AP module,AR module?
C) If yes how to perform the closing for AP,AR,GL,MM,IM?
e) does SAP R3 have soft closing before perform hard closing?
Many thanks

I would like to seek for your advice as below question/problem.
a) User now is doing the year end closing. Normally the closing is up to the period 12 and for the purpose of track the adjustments made by the management and auditors user post to period 13 2008 from the pervious financial year. Our concern is when perform the GL Balance carry forward to new fiscal year which is 2009 does the system carry forward the GL adjustment figure from period 13 to the new fiscal year on top of that when we perform the GL balance carry forward to new fiscal year 2009 and later on find out there is an audit adjustment that need to done and user post in the period 13 fiscal year 2008 can the adjustment auto post to the new fiscal year?
b) Can we change the Rec account in the vendor master as currently user need to change the vendor from difference Rec account which from joint venture to subsidiary account code? If involve the SPRO configuration how where should we configure? After we change the configuration does all the posting from one Rec account subsidiary will auto post to another Rec account Joint venture?
Kindly advice.

Create subnumber for asset which already has book value RM1.

Hi everybody,
Can i create subnumber for asset which has been depreciated until RM1 book value ? This asset has a few quantity and need to be breakdown to different cost center ? If yes, how ? AS11 or AS94 ?

Hi,
Thanks Andreas. However, the asset is an old asset (already reached RM1 book value). I have tried to use AS94, but hits an error " Legacy data transfer year is not last closed fiscal year 2007". FYI the take over date in the system is 31/3/1998 while closed fiscal year is 2006. Now we are in fiscal year 2007 (Apr to Mac). If i were to change the take over date to become 31/3/2007, is there any impact to the depreciation run for other assets in the system. I'm worried if i change the take over date, the depreciation will get haywired.

Closing for Assets

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