Fiscal year closing

Hi all,
How to close a fiscal year?
Please explain
Thanks,
Sasidhar

Hii..
Year end closing Activities:
1. Calculate production work in progress on process orders which are not technically complete.
2. Carry out Assessment cycle for Cost Centers.
3. All month end closing Activities should be carried out.
4. Carry Forward Balances to next year
(With TC: F.16 we can carry forward the balance to next year.
With TC: OBH2 copy the number ranges to next year
Open next year periods by selecting the Posting Period Variant.
then test by posting the transaction in F-02)
Regards,
Aakash

Similar Messages

  • AJAB Error in Fiscal Year Closing

    Hi,
    i have excuted AJAB T-Code & tried to close the Fiscal Year.
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    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

  • Fiscal year closing error

    Dear Expert,
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    "The planned depreciation was not completely posted to Financial Accounting for asset 017000000000-0000 in company code 0011 in depreciation area 01u201D
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    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

  • TDS CERTIFICATE PRINTING ISSUE AFTER FISCAL YEAR CLOSED

    HI SAPFICO EXPERTS,
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    Dear:
                  Please refer to the one of my following link
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  • Asset Fiscal Year End Closing - Depreciation not posted completely in 2010

    Hi Experts,
    I have an issue concerning AA 2010 year end closing, since there is one asset which depreciation in 2010 was not posted completely, meaning that we cannot close 2010 fiscal year.
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    Thanks!
    Best regards,
    Andreia Nascimento

    Hi,
    As i have already suggested you for the [SIMILAR THREAD|Re: Asset Fiscal Year Closing not possible], which you have only posted in FI forum, there is no other alternative than running the repeat dep run for FY 2010 for period 12.
    Please do not cross post your questions.
    REgards,
    Srinu

  • 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:
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    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.
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    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

  • The error showing as Fiscal year change has not carried out for the coCd

    Hi all,
    I am facing a very critical situation. My client has the last closed fiscal year as 2006(from 2006 april to 2007 march).For the fiscal yr. 2007(2007april to 2008 march) they have already finalised and submitted the reports made from some parallel software.They now want to tally this report with SAP system and to adjust the SAP system entries as per this report.This work was running fine.But on 01.04.2009 none of the asset reports are running.The error it's throwing is as-
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    Message no. AB059
    Diagnosis
    You have not yet carried out a fiscal year change for company code PWAL, although the current system date is in the new fiscal year.
    Procedure
    Carry out the fiscal year change for company code PWAL.
    Proceed
    The error is quite understandable.We have to close 2007 and then perform the fiscal year change.But the problem is that the adjustment for the year 2007 is not yet complete.Is it the only solution with me that I should close the yr.2007 and again open it after the fiscal yr. change? If that is done can I take care of the adjustment in the posted depreciation? Or is it possible that the system date can be made back to 31.03.2009(very stupid ask!). The real problem is that my client has mistakely created some assets in the year 2007(by AS91 after changing the take over date) those should have been shown in the next year and also some assets are creted in the year 2008 by the same strange method those should be shown in the year 2007.What I am doing now is deleting these legacy assets and creating the new assets in the correct year.And this process is not yet complete.If I close the year 2007, then the depreciation of these legacy assets will also be posted.Later how can I reverse the effect?Also without seeing the reports I can't make the adjustments.Please suggest/advice.
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    Hi Debabrata,
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  • Changing Depreciation Key for Tax for closed fiscal years -

    Hello,
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    Hi,
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  • Change in Specify Transfer Date/Last Closed Fiscal Year in Asset Accounting

    Hi,
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    what are the consequences,If we change the Specify Transfer Date/Last Closed Fiscal Year date from 31-12-2008 to 03-01-2009 as the 2008 closed on 03-01-2009.
    Kindly give me some inputs regarding this change.
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    Hi
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    transfer (posting up to this date will be included in the transfer), not
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    also determines whether you want to perform the transfer during the
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    GG

  • 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

  • OPen and closing of fiscal year variant

    Hi friends, in ob52 once we opened a fiscal year. Can we closed that for every month end after month end procedure. Once closed can we open at any time.
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    Hi,
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    Regards,
    Amit Shinde

  • Asset Report to check periods in Closed Fiscal Year

    Hi Gurus,
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    Appreciate feedback
    Many thanks
    eddie lim

    Hi
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    If you want to run report for forcating depreciation and NBV, use TCOD - S_ALR_87012026
    Thanks
    GG

  • Depreciation values in previous closed fiscal year

    Hi,
    I want to apply new depreciation key for an asset, acquired previous year. Previous financial year is closed where prior fiscal year for fixed assets is still open. How should I apply changes.
    Thanks in advance.

    Changing the depreciation key will recalculate the depreciation for the current year.
    if you have previous year open, then it will also recalculate for the previous year. if it recalculates you might have to open FI posting periods and run the repeat depreciation for the last period so that it posts the recalculated depreciation.
    If not close the prior year and change the depreciation key, this will recalculate only for the current year and the catchup will be posted in the following depreciation run.

  • Closed fiscal year

    Hi,
    Could someone advice me on this situation?
    I have created new company code by copying old company code. I have setup the configuration for GL, AP, AR, CO and AA. Then I have tested the standard transaction including asset depreciation run in QA system.
    Client gave me the error when they are trying to test asset transfer (AS91). The error belong to last closed fiscal year.
    My question are:
    1. Can I change take over date to early year as 2005? Actually closed year is 2007 (copying from old company code)
    2. Is there any effect to depreciation of asset?
    Please advise and point will be reward for helpful answer.
    Thanks and Best Regards,
    Bird

    Ideally asset takeover date must be in the last closed fiscal year.  If you give a date in 2005 as Takeover Date system expectes depreciation postings in 2006 and 2007.

  • Asset still showing planned  value for closed fiscal year.

    *We have a situation:-  After we ran depreciation for Dec 2009, there was a credit memo posting done in the system for a particular asset.  Now, the fiscal year has been closed for 2009 and 2010 is opened. Jan and Feb depreciation posting has been done for the asset for year 2010, but the credit memo posting is still stuck as planned value in the 12th period of 2009. How can we take care of that?  I canu2019t run unplanned depreciation for 2009. Is there a better way to take care of this?  I thought about opening year 2009 for the asset (ccode) and then running unplanned depreciation. Will that be a problem? If yes, what other solution can be proposed.*
    *Appreciate the response.*

    Hi,
    If it is not possible to open the fiscal year because audit          
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    correct from the legal side ist thereport RACORR20_A from note 29694.
    If in table ANLC there are differences between posted and planed     
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    The correct way would be:
    ->  Reopen your GL for FY 2008 via OB52.      
    ->  Recalculate values  (RAAFAR00)                                  
    ->  RAPOST2000                                
    ->  RAPERB2000                                
    ->  RAJABS00                                  
    Regards Bernhard

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