Effects of reopening closed periods in Asset Accounting.

Hi SAP Gurus,
My client wants to open the closed periods in Asset accounting. I have used T Code OAAQ and changed the last closed period.
I would like to know what are the effects of opening the closed periods.
Will it effect the already posted depriciation and what further steps should I take after the entries are passed.
Even after I opened the period both in FI and AA it still is giving me a message that I cannot post to this year.
Can you kindly suggest.
Thanks in advance,
Hari

If you post any entries to the asset , the depreciation will change in asset accounting and will not match with the general ledger unless depreciation posting run is executed.
However, since you have already executed depreciation posting, AFAB selecting repeat run in the last period or special period if your company code have special periods.
Caution: It will change the P&L and Balance sheet balances.
Please check the Post Capitalization Option (ABNAN) for asset values missed in the past for capitalization

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How to Open & Close the periods in Asset Accounting for Depreciation.

Dear All,
How to to How to Open & Close the periods in Asset Accounting for Depreciation ? Please let me know
If there is any T.Code or procedure for it.
Your help is highly appreciated.
Thanks & Regards,
Pankaj.

Dear Alex ,
1) I am facing one problem that one of my asset 123 I Capitalized on 13.09.2006 have deactivated on
14.05.2008. with value of Rs.1.00.000/- all the activities are closed down related it on deactivation date.
In 2009 a new asset 456 purchased with different value. But in T.code OARP in column cumulative acquisition
value it is showing value of Asset 123 instead of it's own capitalization value.
2 ) And about my Asset 123 it is also showing a Cumulative Acquisition value in year 2009 which it
should not display because I have already deactivated that asset. ( The same checked in AR03 )
Please help.
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Pankaj.
P.S :- Keep the discussion on for further assistance.

Where we have to open and close posting periods in asset accounting

hi sap gurus
can anybody give where we have to open and close posting periods in asset accounting
thank you
venkatareddy

Hi Venkatareddy,
You make specifications for fiscal years and posting periods in the SAP R/3 System in Customizing for Financial Accounting. This is done in the fiscal year variant in the global parameters of the company code. These settings are, in general, also binding for Asset Accounting. The depreciation periods in Asset Accounting then correspond to the posting periods in Financial Accounting.<b> It is usually not necessary to create a separate fiscal year variant for Asset Accounting.</b>
The period control in the depreciation key determines the start and end of depreciation when asset transactions are posted . The period control determines the relationship between the calendar period in which the asset transaction is posted and the depreciation period.
These calendar periods are independent of the posting periods in Financial Accounting. The only restriction is that the beginning of the first calendar period and the end of the last calendar period defined in a period control have to match the start date and final date of the fiscal year in Financial Accounting.
Kindly let me know if this useful for you

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

Asset accounting - asset year end closing

Dear Experts,
For the year 2008 the depreciation was not processed in asset accounting and now i processed depreciation for the total year from 1 period to 16 th periods by keeping FI period 2008 open and documents were posted successfully. Now i want to close the 2008 period for asset acccounting and i want to open 2009 period for asset accounting .
But i am getting error like Transactions not completely periodically posted. It is taking to 2 paths.
One is Define How depreciation Areas post to General Ledger
Here for my client 3 depreciation areas are there 1) book depreciation 2) Tax depreciation 3) Delta depreciation.
Second is Start APC Posting Programme: When i try run this programme "i am getting message like there are no documents to be posted"
Please help me
Thanks
Balu

Hi,
please read the WIKI guide [Year-End-Closing in Asset Accounting (best practices)|/people/javier.reviriego/blog/2008/07/09/year-end-closing-in-asset-accounting-best-practices].
Even if there are no transaction to be posted, you have to execute the periodic posting run. The run itself will create a protocol entry in any case, if there are values to be posted or not. The fiscal year close process checks thit protocol entry.
Regards,
Markus

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

Posting in Asset Accounting in closed fiscal year

Hi
We are in the fiscal year 2009 and my client wants to open the closed fiscal year 2008 in both Asset accounting and Finance.
Point 1 : The requirement is they want to post some correction entries in April 2008 -Let me know what needs to be done in terms of depreciation posting etc to do a 2008 yearend again.
Point 2 : Any specific steps to do a full year end in 2008 now to balance Asset Accounting and Financial .And to carry forward balances as to where we are now in period 10.
Please advice.

Hi,
if you open 2008 and post, you have to process the full fiscal year end close procedure. AFAB, ASKB, the whole story.
You don´t have to worry about the carry forward, this will be done automatically by the system.
Regards,
Markus

ERROR Message no. AU265 :While closing asset accounting year ------ URGENT

Hi All,
THE ISSUE IS URGENT . Please help in resolving it.
One of our users have missed to do the repeat depreciation run for
Asset 4464 (Co. code 0006)in 12th period as she has raised a credit
memo for this
Asset after she did normal depreciation run for period 12, 2007.
Than the financial year 2007 FI-GL was closed and when she was trying
to do Asset year closing for 2007 through t-code AJAB she got the error
that depreciation not updated for asset 4464 and realized that she hasmissed a repeat depreciation run .
Than I replied back to her that there is no other way out to solve this
problem other than to get the last fiscal year opened and than do the
repeat run and not to do any posting for this year before closing the
previous year.
But in the mean while she has already posted the depreciation for
Jan 08 for all assets and also posted the value for 4464 Asset in
Period Jan08 . Now when she is running AJAB she is getting error the
following error.
AU265 : Documents from last posting run in 2007 are not yet updated.
The sequence which the user has followed is as follows:
First, I ran depreciation for all assets in period 1, 2008 with no errors. But, the December depreciation for asset 4464 did not post in this run.
Then, I posted depreciation for asset 4464 in period 1 2008 (see document 300000881), with no errors by following the steps in the attached document.
1.     T-code AFAB
2.     Entered the criteria with repeat run for Asset 4464(I knew SAP would not allow me to post to 12/2007)
3.     F9 to process in background
4.     T-code SM35 to process batch
5.     Received error that period 12/2007 was not open for posting
6.     Changed posting date to 01/2008 and processed the batch
7.     Now, the remaining December 2007 depreciation for asset 4464 posted. See document 300000881.
8.     T-code AJAB (Year-End Closing Asset Accounting), again
9.     Received message that the Close was not carried out because Documents from last posting run in 2007 are not yet updated.
Please tell what can be done now to resolve this error.
Points will be rewarded if your answer helped.
Thanks & Regards,
Prachi

Prachi,
I faced a similar situation from 2004, we transfered that portion of credit memo into a dummy company code / Asset and a manual adjustment in 2007 for the credit memo portion... ofcourse there will be a difference but explainable...
In your situation... check if you can open 2007 repost the depreciation for 12 and clear this issue?
Hopefully this helps.

Regarding AJAB Asset accounting year end closing.

Dear All,
We need to close the Period end closing for the Year 2008. When I am executing AJAB i had found that F Y 2007 is not yet closed in Asset Accounting.
I am just wondering how should I proceed? If I want to close 2008 I should compulsorily close 2007. What happens if i close 2007 now? I tried to close in our test server and there are various errors being popped up?
Any gnan on how to proceed? What happens if I don't execute AJAB?
Regards,
Sri.

Hi,
Actually i also faced a similar issue and i had wriiten to SAP for a solution.Actaully its the Table T093B where we can see the closed fiscal year that has to be updated with closed Fiscal Year as 2008 for the particular Company Code.
We had to execute the program for all deprecation areas.
Regards
Rahul

Error during Year-end closing Asset Accounting (AJAB)

Hi,
While executing transaction AJAB (year end closing AA) the system, the system issues a message "Transactions not completely periodically posted". The detailed message is AU075 "Asset balance sheet values not completely posted".
Processing the error message:
While proceeding through the error message details I checked "Define How Dep Areas Post to GL" and found that 4 depreciation areas are maintained as under:
Area/Description/ G/L/ Target Group
01/ Book dep/1 (Area posts in Realtime)/0L (Leading Ledger)
15/Income tax dep/0 (Area does not post)/ Blank
21/ IFRS/ 3 (Area posts dep only)/1F (IFRS Ledger)
Then I clicked on start APC program, which leads to transaction ASKB (Periodic Asset Posting). The transaction could not be posted as document type is not assigned for periodic posting of Asset Values in SPRO>Fin. Accounting (New)>Asset Accounting>Integration with GL Accounting>Post APC values periodically to GL Accounting>Specify document type for periodic posting of asset values.
I've got 2 queries:
1) whether year-end closing can be executed if the document type is assigned and transaction ASKB is run.
2) If the answer to first query is yes, how come the same error did not encounter in other company codes (the error occurred only in 2 company codes). I've also checked the depreciation area maintained in asset masters of the company code where no such problem was encountered and found it to be same as the company code where the problem has occurred.
Seek your expert advise to resolve the issue.
Thanks,
Vipin Patankar

Hi Malhar,
Thanks for your prompt reply. I understand that the issue can be resolved by assigning document type and execute ASKB. At present document type 'AF' is being used for depreciation posting, can we use the same document type for APC value posting or some other document type should be used.
I still need some more highlight on the reason for not facing the problem in other company codes.
Thanks,
Vipin Patankar

Year-End Closing Asset Account - AJAB

Hi,
While executing year end closing for fiscal year 2005, system gives following error message :-
"Depreciation not posted completely"
Since, there is unposted planned depreciation in period 12 / 2005, system is not allowing to close the year.
But since the financial year 2005 has already been closed, we can not open it back due to other legal issues and financial impacts, user wants to have any other work around solution to close the year 2005 without posting the depreciation.
Please send us your ideas or expert comments.
Thanking you in advance.
Thank You & Best Regards,
Naresh B. Pandya

Hi,
At last we opened FI Year 2005.
We run the depreciation for 12/2005 (31/03/2006), posted depreciation reversal entry on 31/03/2006 to nullify effect on B/s and P&L account and the same was reversed on first day of next fiscal year i.e. 01/04/2006.
Regards,
Naresh

Physical year reopen asset accounting

Hi freinds
physcial year closed on 31/03/2008, now client found errors in assets accounting, client wants to reopen the physical year. 2oo8 is it possible? if reopen the physical year what are consequnce can happen? they want to reverse entry t-code FBRS and FB08. what is transcation code reopen closed physical year reopen. .
kindly explain to me processing and steps
regards

hi Eli
please give me detail steps what i suppose to be do first, dont feel bad about my request. client going now crazy
As per your email please let me know what is the purpose of t-code ABAC its not valid one
what exactly function do t-code OAAQ
what exactly function do t-code OAAR
kindly explain to me and the steps also.
Thanking you
Bobby

Impact of Changing Posting Periods in FI on Assets Accounting

Dear Friends,
I did a testing by changing the No of normal posting periods from 12 to 13 in FI Fiscal Variant. I did a testing in different areas of GL, AR and AP and the posting was well with no error at all.
I have a issue with Assets accounting, in the Assets Master Data, Usefull life was throwing error. Depreciation Posting was having the problem so is the reitrment ABAVN.
Any body has idea, how to overcome the Assets accounting issues.
Regards
VK

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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

Asset accounting year end closing.

hi guru,r
i have one issue with asset account fiscal year clsoing. when we run the AJAB,it was throwing error, saying that one of the asset is not posted depreciation completely.
for this message there is an asset which was disposed off in period 12 2007 after the Dec'07 depreciation run.
To correct it repeat the depreciation run in period 12 2006 or adjust in period 13 of the previous Fiscal Year.
advise me as early as possible
value points assigned
regards
nandini

Hi Nandini gaaru
Pls send me screen shot and what is error and explain me
[email protected]
or u add me
[email protected] (in g-talk)
regards
Mallikarjuna
vuntaa maree

Effects of reopening closed periods in Asset Accounting.

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