Closing of Assets

Question

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.

Answer 1

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