Issue in year end closing

Hi
I have an issue in year end closing. What would be effect if i do not clear the open items in GR/IR Account as part of year end acitivity. The balance in my GR/IR Account is zero as of my balance sheet date.
What would happen if i run the balance carry forward program?
Regards
Sanil Bhandari

This program will reclassify the entries for the Balance sheet reporting. Since your balance is zero there should not be any impact on the reporting side. Whether you run this program or not it will not have any impact on the balance carry forward program. Since these entries will get reversed at the beginning of the next period in any case.
The config setting will be in OBYP
The following config document may help you in better understanding.
Define Adjustment Accounts for GR/IR Clearing
The goods receipt/invoice receipt (GR/IR) clearing account is posted to whenever you receive goods that have not been invoiced yet or whenever you receive invoices for goods that have not been delivered yet.
In this activity you define the numbers of the adjustment and target accounts for the automatic postings for the GR/IR clearing account.
Transfer postings have to be made at the balance sheet date to reflect the goods invoiced but not delivered and the goods delivered but not invoiced. The program that analyzes the GR/IR clearing account adjustments this account by posting any outstanding amounts to an adjustment account. It makes the offsetting entry to the account for goods delivered but not invoiced or to the account for goods invoiced but not delivered (target account).
Edited by: Sivakumar Gopalakrishnan on Jan 15, 2008 4:11 PM

Similar Messages

  • Asset Year end Closing AJAB

    Hi ,
    We are facing issues in year end closing when executing t code AJAB.When spool is checked it gives the asset no with error message as asset is incomplete.
    When analysed the error using T code AUVA, it states that some field is incomplete, may be based on screen layout settings for asset master data assigned to asset class.When the asset was created , screen layout may be different from what is assigned now. When asset is checked in change mode , it doesn't show that any contents needs to be filled. So asset doesn't seems to be incomplete.
    Is there any note or any pointer to solve this error.It basically relates to 2-3 asset class related asset master data.
    Regards,
    Manish Garg

    Hi,
    Please check Note 606736 - Flds in deactivated dep.area result in "incomplete" asset and Related Notes
    510356 - AS02: deleting incompleteness indicator
    436353 - Incorrect assets displayed by RAUNVA00
    or
    Note 699477 - Incomplete fixed asset in ANLH and ANLC fields
    if they help.
    Rgds.

  • Asset year end closing issue

    Hi, I run ajab to close year 2010 (not 2011)and encounter below issue:
    Asset 004110000555-0000 in company code 0000 (depreciation incomplete)
    Message no. AU070
    Diagnosis
    The planned depreciation was not completely posted to Financial Accounting for asset 004110000555-0000 in company code IN00 in depreciation area 90.
    System Response
    Year-end closing cannot be carried out for company code IN00.
    Procedure
    Post the depreciaton using the appropriate posting program (Periodic processing) in Financial Accounting. Then start a repeat run for this asset, if necessary
    My depreciation area 90 is "Post assets periodically in General Ledger", what should I do?

    Hi
    Is depreciation fully posted for the year 2010. Try to run AFAB in repeat mode for the last period of 2010 in test run to see if any values are coming for posting.
    If depreciation values exist, then same needs to be posted before you close the Asset fiscal year.
    Also please note for posting the depreciation your Fiscal year and period should be open in accounting.
    Regards
    Malathi

  • GL balances differences between Year end closing and opening balances

    Hi friends,
    One GL account balances showing differences between year end closing & year opening balances.
    Example: 2006 closing balance is  250000 $
                   2007 opening balance is 150000 $
    difference is 100000 $ . why should coming like this. already completed balances carryforward (F.16) in 2006 & 2007 year. 
    any programe for this solution ?
    One more point is  just 2 days back i posted 2 entries for 2006 year equal to 100000 $ . after this entries shall we need go for F.16 (carry forwarded balances).
    please do the needful. It is very urgant issue.
    Raj

    HI,
    There shouldn't be any more postings to a GL Account once Balance carry forward has been executed.
    If postings have been made then you should execute the Balance carry forward again, otherwise you will see difference in opening and closing GL balance (as mentioned by you).
    Regards

  • FI Year End Closing

    hi...
    pls tell me t.code for following List for FI Year End Closing
      1 Execute Report for InterCompany Activity & Journal Entries
      2 Open posting period for next yr
      3 Run Business Area's Assignment report.
      4 Review list of recurring journal entries
      5 Execute Recurring Entries for A/R, A/P, G/L
      6 Process Parked A/R, A/P, G/L accounting documents
      7 Final Cutoff for the Maintenance of Fixed Asset- Add Transfer and Retire
      8 Run Depreciation in Test Run and post
      9 Verify Display Log for Depreciation Test Run
    10 Capitalize AUC Assets if needed
    11 Enter Payroll Data to SAP
    12 Verify Depreciation Balances  with GL balances
    13 Post Depreciation
    14 Execute Asset History Report, and retire assets if needed
    15 Adjust specific depreciation areas if necessary
    16 Reconcile AM subledger with GL
    17 Check Bank Data
    18 Review AR Open Items
    19 Review AP Open Items
    20 Execute Pending Invoices
    21 Clear Open Item for GRIR, freight
    22 Reconciliation of Financial Documents and transactional figures
    23 Open new CO Posting Period
    24 Compare current  (cost estimates) with last current price (Moving Avg)
    25 Update current cost price to material master price field.
    26 Process Freight charges, Match SD freight to actual
    27 Review Internal Order Postings
    28 Settle All Orders
    29 Verify All Post Goods Issue have been Invoiced (Billing Due List)
    30 Review SD Billng Doc from prior mth that have not yet been released to accounting
    31 Reconciliation of MM movements in Transit Intra-SAP to NonSAP
    32 Reconcile PI Inventory with SAP
    33 Perform Manual Adjustment if needed
    34 Verify balance of the GR/IR account
    35 Post Accruals and Deferrals
    36 Clearing of Cancelled Documents
    37 Check Profitability Segment Adjustment
    38 Aging Report-Reconcile GL balances with  subledger  balances AP
    39 Check the check run numbers
    40 Bank reconciliation Data
    41 Enter Tax Journal Entry
    42 Reconcile GL balances with  subledger  balances AR/MM/AP
    43 Display Balance Sheet Adjustments
    44 Post Balance Sheet Adjustments
    45 Post Foreign Currency Valuation (foreign exchange)
    46 Check generic cost centers for posting with wrong accounts
    47 Correct wrong postings on generic cost centers
    48 Check Validation dates for Cost Centers, Cost Elements, CO area
    49 Check COGI--for both month end and year end
    50 Doubtful receiviables
    51 Verify In-transist Inventory
    52 Reconcile PA to G/L
    53 Post Cost Centre Assessments and Distributions
    54 Run CO-FI Reconciliation to balance
    55 Run BW reports P&L and Balance Sheet
    56 Maintain CO yr variant
    57 Fiscal Yr Balance carryforward AP/AR/AM
    58 Fiscal Yr Balance carryforward CO
    59 Fiscal Yr balance carryforward FI
    60 Fiscal Yr balance carryforward PCA
    61 Set Document number ranges - FI - new year
    62 Set Document number ranges  AP/AR - new year
    63 Generate Financial statement Reports
    64 Change Fiscal Year For Assets
    65 Year end Closing-- Asset Accounting--final for year end
    66 Close CO Posting Period
    67 Close Prior A/R Posting Period
    68 Close Prior A/P Posting Period
    69 Close Prior MM Posting Period
    70 Reverse accruals and deferrals for the new month
    71 Reconciliation of Financial Documents from old fiscal year and new fiscal year
    72 Load Balances, Budget Data for Cost centers, sales
    73 Update Retained Earning Account , balance carry fwd
    Thanks & Regards
    Rekha Sharma

    Hi,
    Please check this
    1 Execute Report for Inter Company Activity & Journal Entries
    2 Open posting period for next yr (T.Code: OB52)
    3 Run Business Areau2019s Assignment report. (T.Code: F.50)
    4 Review list of recurring journal entries (T.Code: FBD3)
    5 Execute Recurring Entries for A/R, A/P, G/L (T. Code: F.14)
    6 Process Parked A/R, A/P, G/L accounting documents (T.Code: FBV0)
    7 Final Cutoff for the Maintenance of Fixed Asset- Add Transfer and Retire (T.Code: ABUMN)
    8 Run Depreciation in Test Run and post (T.Code: AFAB)
    9 Verify Display Log for Depreciation Test Run (T.Code: AFBP)
    10 Capitalize AUC Assets if needed (T.Code: AIAB, AIBU)
    11 Enter Payroll Data to SAP (T.Code: CAT2)
    12 Verify Depreciation Balances with GL balances ( T.Code: ABST2)
    13 Post Depreciation (T.Code: AFAB)
    14 Execute Asset History Report, and retire assets if needed (T.Code: S_ALR_87011963, ABAVN)
    15 Adjust specific depreciation areas if necessary (T.Code: ABCO)
    16 Reconcile AM sub ledger with GL (T.Code: ABST2)
    17 Check Bank Data (T.Code: S_P99_41000212)
    18 Review AR Open Items (T.Code: FBL5N)
    19 Review AP Open Items (FBL1N)
    20 Execute Pending Invoices(T.Code: MRBP)
    21 Clear Open Item for GRIR, freight (T.Code: F.13)
    22 Reconciliation of Financial Documents and transactional figures (F.03)
    23 Open new CO Posting Period: (T.Code: OKP1)
    24 Compare current (cost estimates) with last current price (Moving Avg) ( T.Code: OKBH)
    25 Update current cost price to material master price field (T.Code: CK11N, CK24)
    26 Process Freight charges, Match SD freight to actual (T.Code: V-31)
    27 Review Internal Order Postings(T.Code: OKSA)
    28 Settle All Orders (T.Code: KO88)
    29 Verify All Post Goods Issue have been Invoiced (Billing Due List) (T.Code: VF04)
    30 Review SD Billing Doc from prior month that have not yet been released to accounting (T.Code : F.2D)
    31 Reconciliation of MM movements in Transit Intra-SAP to Non SAP
    32 Reconcile PI Inventory with SAP (T.Code: MI07)
    33 Perform Manual Adjustment if needed (T.Code: F-02, FB50)
    34 Verify balance of the GR/IR account ( T.Code: MB5S)
    35 Post Accruals and Deferrals (T.Code: FBS1)
    36 Clearing of Cancelled Documents (T.Code: F-03, F-32, F-44)
    37 Check Profitability Segment Adjustment (T.Code: KISR)
    38 Aging Report-Reconcile GL balances with sub ledger balances AP ( T.code: FBL1N, FBL5N, FBL3N)
    39 Check the check run numbers (T.Code: FCH1, FCHI)
    40 Bank reconciliation Data (T.Code: FF67 & FEBA)
    41 Enter Tax Journal Entry (T.Code: FB41)
    42 Reconcile GL balances with sub ledger balances AR/MM/AP ( T.Code: F.03)
    43 Display Balance Sheet Adjustments (T.Code: F.5F)
    44 Post Balance Sheet Adjustments (T.Code: F.5E)
    45 Post Foreign Currency Valuation (foreign exchange) (T.Code: F.05)
    46 Check generic cost centers for posting with wrong accounts
    47 Correct wrong postings on generic cost centers
    48 Check Validation dates for Cost Centers, Cost Elements, CO area (T.Code: GGB0)
    49 Check COGIu2013for both month end and year end
    50 Doubtful receivables (T.Code : F104)
    51 Verify In-transit Inventory
    52 Reconcile PA to G/L (T.Code: KE5U)
    53 Post Cost Center Assessments and Distributions (T.Code: KSU5 & KSV5)
    54 Run CO-FI Reconciliation to balance (T.Code: KALC)
    55 Run BW reports P&L and Balance Sheet
    56 Maintain CO yr variant (T.Code: KCRQ)
    57 Fiscal Yr Balance carry forward AP/AR/AM (T.Code: F.07,
    58 Fiscal Yr Balance carry forward CO (T.Code: CXS1)
    59 Fiscal Yr balance carry forward FI ( T.Code: F.16)
    60 Fiscal Yr balance carry forward PCA (T.Code: 2KES)
    61 Set Document number ranges - FI - new year (T.Code: OBH2, OBA7)
    62 Set Document number ranges AP/AR - new year (OBA7)
    63 Generate Financial statement Reports ( T.Code:OB58) OR (T.Code: FSE2)
    64 Change Fiscal Year For Assets (T.Code: AJRW)
    65 Year end Closingu2013 Asset Accountingu2013final for year end (T.Code: AJAB)
    66 Close CO Posting Period : (T.Code: OKP1)
    67 Close Prior A/R Posting Period ( T.Code: OB52)
    68 Close Prior A/P Posting Period (T.Code: OB52)
    69 Close Prior MM Posting Period (T.Code: OMSY)
    70 Reverse accruals and deferrals for the new month (T.Code: F.81)
    71 Reconciliation of Financial Documents from old fiscal year and new fiscal year ( T.Code: FNSL)
    72 Load Balances, Budget Data for Cost centers, sales
    73 Update Retained Earning Account , balance carry fwd (T.Code: F.16)
    Regards,

  • Program RFSUMB00 year end closing in Italy.

    Hello All,
    I am setting up all the configurations for year end closing in Italy using program RFSUMB00. Here i need some clarification on the below points.
    1. dummy vendor / customer master needs to be created for each recon account. here i would like to know whtr we need to create a dummy recon account for dummy vendor / custome? if no, how would postings be happen.?
    2. we need b/s opening and closing accounts for this prog. I would like to know wht entries will happen at the year end and whtr all b/s closing postings will happen to same account?

    Hi,
    I hope dummy accounts are not required. Please try as below. For balance sheet closing and opening accounts you can use technical accounts which we use for initial balance uploading. This program will generate one closing entry and one opening entry with the help of technical account what I have mentioned so that the balances will become ZERO in previous FY.
    Closing entry happens in previous fiscal year and opening entry will posted in current FY.
    Please go for FAGL_IT_02 - Italy (New). Do not go for F_IT_01 - Italy. There are some prerequisites before executing this program.
    Please close normal periods of previous fiscal year and ensure that special periods of previous fiscal year are opened. Means special periods should be available for postings.
    Closing postings should happen in special periods. Try with 14th period.
    I suggest to run this program only in L1 ledger as this only legal requirement.
    Below is for your reference where July to June Fiscal year is maintained.
    P&L Account                              550016 (result of PNL account)
    Net Result Account                     101001 (Retained earning account)
    Balance Sheet Account- Closing  800005  (Technical account)
    Balance Sheet Account- Opening  800005 (Technical account)
    Parameters for closing postings:
    Document Type                   UE
    Posting Date                       30.06.2013
    Document Date                   30.06.2013
    Posting Period                     14
    Parameters for opening postings:
    Document Type                   UE
    Posting Date                        01.07.2013
    Document Date                    01.07.2013
    Posting Period                     1
    Try with above inputs. I hope it will resolve your issue. I have resolved in the same way in our project for Turkey.
    Regards
    Anand

  • Cannot execute year-end closing in IDES R/3 4.71

    Hi Gurus,
    I am working with IDES R/3 4.71.
    since the current fiscal year in system in 2003, i try to change the fiscal year to 2004, then 2005, ..., finally I wish to get fiscal year 2009.
    during the procedure, i need to post AA depreciation for each period of 2003. I have done that successfully with AFAB. then I also successed with Change Fiscal Year to 2004. now I need to execute year-end closing for 2003. but the system reports errors.
    error message like below:
    =========================================================
    Asset balance sheet values not completely posted
    Message no. AU075
    Diagnosis
    In company code 1000, which is to be closed, APC values have not been posted to Financial Accounting for all relevant depreciation areas.
    Depreciation area 03, at least, is set up for periodic posting of APC values.
    The year-end closing checks if documents were posted that have an entry date after the last run of the program for periodic posting of APC values. If such documents are found, the system issues this message.
    Procedure
    Check which depreciation areas are supposed to post APC values periodically to Financial Accounting according to their Customizing definitions (indicator: "Post assets periodically in General Ledger")
    See the Define How Depreciation Areas Post to General Ledger IMG activity.
    Start the program for posting APC values. In the Asset Accounting main menu, choose Periodic processing . Start this program in update mode, regardless of whether or not documents are displayed in test mode, or if a message appears stating that there are no documents to be posted.
    Start APC Posting Program
    ==================================
    I didn't change the depreciation area provided by IDES group.
    anybody knows what's wrong?
    many thanks!
    George

    George,
    The long text seems to be self-explanatory. IDES comes with pre-configured stuff. So for sake of training they may have designated some depreciation areas as periodic posting. Please follow the instructions in the message and try to resolve it.
    If I were you:
    a) I would find out the chart of depreciation for the company code you are trying to do a fiscal year close.
    b) Then go to the configuration and see the definition of each depreciation area.
    c) For those which have periodic posting of depreciation, run the corresponding program as instructed in the long text.
    Regards,
    Vishal.

  • AJAB year-end closing no data

    Hi,
    We are running transaction AJAB for year end closing of Asset Accounting. We are trying to close fiscal year 2010.
    In test run, it is showing no errors, but it is also not displaying any data. I expect it to show some information on the assets that will be affected, though no data is being shown.
    What could be the problem? I noticed that depreciation may need to be recalculated (AFAR). Could this affect year-end closing?
    Thanks,

    Hello,
    This transaction will not show you any data since it is only required for the technical purposes. While running t-code AJAB, is displaying "NO" under the "Other Error" column then it means you don't have any issues while doing the year end-Closing.
    Did you make any changes to any asset after completing your depreciation run for 12 month? If yes, then it is recommended that you do run transaction "AFAR" so the depreciation will be correcting for that asset before you actually do the year end closing for Fixed Asset.
    However, if you are sure that you have not made any changes to any of your assets then you don't have to recalculate the depreciation.
    Thanks

  • Assets Year-end closing

    Hi
    One of our group companies are facing the issue below.
    *. When trying to run any asset transaction the error message "Fiscal year change in co.code J002 possible only after year-end closing 2008" . We are currently in 2010 in financial accounting.
    AJRW -Change to new FY 2009 was successful, but for 2010 the same error msg above is displayed.
    *AJAB -FY close
    - 2008 : The planned depreciation was not completely posted to Financial Accounting for asset 000000300090-0000 in company code J002 in depreciation area 01.
    When I check AW01N, there is a planned depreciation amount for 2008 period 12. However, depreciation has been completed for 2009. If I try to a repeat run for 2008 in test mode there is a value coming up. The issue is posting periods are close. Current financial period is in 2010.
    Your assistance is greatly appreciated.
    Thanks
    Nadini

    The following are the important steps you must keep in mind while closing asset accounting.
    1. Recalculate all asset values AFAR
    2. Run program RAUNVA00
    3. Run program RAANLA01
    4. If you find any unposted assets in step 3 delete them if you do not want in AS06 / AS26 (group assets)
    5. Update your insurance index OAV5 (if necessary)
    6. Run your regular month end closing process.
    7. Reconcile FI-AA with GL accounting - transaction code ABST
    8. AJRW - Fiscal Year change
    9. AJAB - Close fiscal year
    10. reopen the fiscal year OAAQ (if only necessary)
    11. Perform all year end closing steps.
    Thanks,
    Ravi

  • 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

  • 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.
    This happened because of the following situation:
    Vendor Incoice was posted in 30.12.2010, with a document date 31.03.2010 (meaning that for this asset the depreciation calculation start date was 01.03.2010). Then, in 30.03.2011 someone post the reversal document, with posting date 31.12.2010.
    So for this asset I donu2019t have any depreciation posted in 2011 and no values in depreciation book, for the asset, meaning that even if I change the depreciation calculation start date for 01.01.2011, it will still be necessary to run depreciation in Dec.2010.
    However I cannot run depreciation for this asset for 2010 because it will have impact in 2010 balance sheet, which cannot happen.
    Do you have any ideas to solve this problem?
    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

  • 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

  • Program RFSUMB00 for italy year end closing

    Hello All,
    I am setting up all the configurations for year end closing in Italy using program RFSUMB00. Here i need some clarification on the below points.
    1. dummy vendor / customer master needs to be created for each recon account. here i would like to know whtr we need to create a dummy recon account for dummy vendor / custome? if no, how would postings be happen.?
    2. we need b/s opening and closing accounts for this prog. I would like to know wht entries will happen at the year end and whtr all b/s closing postings will happen to same account?

    Hi,
    I hope dummy accounts are not required. Please try as below. For balance sheet closing and opening accounts you can use technical accounts which we use for initial balance uploading. This program will generate one closing entry and one opening entry with the help of technical account what I have mentioned so that the balances will become ZERO in previous FY.
    Closing entry happens in previous fiscal year and opening entry will posted in current FY.
    Please go for FAGL_IT_02 - Italy (New). Do not go for F_IT_01 - Italy. There are some prerequisites before executing this program.
    Please close normal periods of previous fiscal year and ensure that special periods of previous fiscal year are opened. Means special periods should be available for postings.
    Closing postings should happen in special periods. Try with 14th period.
    I suggest to run this program only in L1 ledger as this only legal requirement.
    Below is for your reference where July to June Fiscal year is maintained.
    P&L Account                              550016 (result of PNL account)
    Net Result Account                     101001 (Retained earning account)
    Balance Sheet Account- Closing  800005  (Technical account)
    Balance Sheet Account- Opening  800005 (Technical account)
    Parameters for closing postings:
    Document Type                   UE
    Posting Date                       30.06.2013
    Document Date                   30.06.2013
    Posting Period                     14
    Parameters for opening postings:
    Document Type                   UE
    Posting Date                        01.07.2013
    Document Date                    01.07.2013
    Posting Period                     1
    Try with above inputs. I hope it will resolve your issue. I have resolved in the same way in our project for Turkey.
    Regards
    Anand

  • FI-AA : Problem in Depreciation Run and Year end closing.

    i am doing asset year end closing and new fiscal year open, i followed the steps as followings..
    Step 1 Did depreciation run using T-code AFAB- no error
    step 2 checked depreciation run in AFAR was correct(no error)
    step 3.did actual run of new fiscal year open using tcode AJRW.
    step 4 : did actual fiscal year closing t-code AJAB.
    but now the problem is still i am not able to see any asset reports when open the report meg. says "fiscal year change not done for company code xxxxx"
    problem due to  is any patch need to be executed? or due to any other application error?, pls advice to solve this my issue.
    with best regards,

    Hello
    Choose Periodic processing ® Fiscal year change.
    Enter the company code and the new fiscal year.
    Choose Program ® Exec. in background.
    Process the assets with errors that were identified during the fiscal year change (Tools ® Assets with errors).
    Reg
    *Assign points if useful

  • Dates for doing Year End Closing and in which client

    Hi,
    I have some doubts with Year End Closing Activities.
    1. Mine is an India Company following a non calendar year and period. Which date I should do the Year End Activities.
    2. Which activities should be done on Production server directly and which one to be done in Development and Quality. Kindly list the activities.
    Please advice.

    Hi
    The following are to be done before 31-03-2014 only upto sl no.7.
    1. Document Number ranges copy to a fiscal year: OBH2
    2. Internal Number ranges for challans : J1INUMBER
    3. Witholding TAx certificates : J1INCT need not be necessary now since
        we have to issue certificates by downloading the data from IT site.
    4. If you have excise maintain the number ranges for the following objects:
    Objects
    Object Description
    J_1I57FC
    57FC Number Range Object
    J_1IARE1
    ARE1 Doc No object based on Series Group
    J_1IARE1
    ARE3 Doc No object based on Series Group
    J_1IBOND
    Excise Bonding: Bond number object
    J_1ICERT
    Withholding Tax Certificates (India)
    J_1ICHLNNO
    Internal number range for challans
    J_1ICONPLA
    Consolidated PLA serial no. generation
    J_1IDEPINV
    Excise Invoice Number for Depot Invoices
    J_1IEXCEXP
    Export excise invoice number range
    J_1IEXCINV
    Excise invoice number
    J_1IEXCLOC
    Local excise invoice numebr range
    J_1IEXCTST
    Excise invoice with intervals
    J_1IEXINEX
    Excise invoice number for export
    J_1IINTNUM
    Internally document number to be generated
    J_1IINTPR2
    Despatch serial number
    J_1ILIC
    Excise Bonding: License number object
    J_1IPLA2
    PLA part II number range object
    J_1IRG1
    RG1 Number range object
    J_1IRG1_T
    No. Range for RG1 - Excise group / Material
    J_1IRG23A1
    RG23A part 1 no. range object
    J_1IRG23A2
    RG23A part II number range object
    J_1IRG23C1
    RG23C part I number range object
    J_1IRG23C2
    RG23C part II number range object
    J_1IRG23D
    Folio Numbers for RG 23D
    5. If you have Plant Maintanance also, ensure wage rates are maintained
        for activity/cost center combination in KP26, if you are tracking wage
        cost as secondary cost element.
    6. Ensure maintaining the version else sometimes your Payroll also may not work.
    7. S_ALR_87003642 - Open and Close Posting Periods
    8. After Board meeting and when the Balance Sheet is approved you do the rest viz.,
        FAGLGVTR, F.07
    9. Asset Accounting related transactions can even be done after 1st April.
    The above would be carried out naturally in Production client.  Since we would be posting certain transactions in testing clients also it is advisable to do the above in testing clients also.
    Regards,

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