Previous Year Posting

Hi,
New Assets were created in Jan and when I tried to Post depreciation for Jan, I get an error log that says "You can only post in new year after closing the previous year."
<b>Diagnosis</b>
You want to post in a new fiscal year. However, a posting must have been made in the last period in the previous fiscal year before you can do this.
<b>Procedure</b>
Post to the last period in the previous year first.
So I went ahead and opened the previous year, posted the depreciation, closed the year and tried to post Period 1 again, but still get the same error.
Why do I need to post the previous period if I just created the assets in this period?

Hello Experts,
I am also getting same error while executing depreciation run AFAB  ''You can post in new year only after closing the previous year''.
I found one OSS Note 18800 and it is saying solution as below ...
At the first depreciation posting in the new fiscal year after a shortened fiscal year, the fiscal year variants must, in all cases, still be entered in asset customizing and in FI customizing for the affected company code. If necessary, all periods for the following fiscal year must be maintained with the variant of the shortened fiscal year.
Up to 2.2D the following correction must also be installed:
Please carry out the syntax check only in main program SAPLAFAR.
But in my case there is no shortended fiscal year. 
Can I apply this OSS note correction instructions ?
Please suggest me.

Similar Messages

  • 'You can post in new year only after closing the previous year

    Hello Experts,
    I am also getting same error while executing depreciation run AFAB ''You can post in new year only after closing the previous year''.
    I found one OSS Note 18800 and it is saying solution as below ...
    At the first depreciation posting in the new fiscal year after a shortened fiscal year, the fiscal year variants must, in all cases, still be entered in asset customizing and in FI customizing for the affected company code. If necessary, all periods for the following fiscal year must be maintained with the variant of the shortened fiscal year.
    Up to 2.2D the following correction must also be installed:
    Please carry out the syntax check only in main program SAPLAFAR.
    But in my case there is no shortended fiscal year.
    Can I apply this OSS note correction instructions ?
    Please suggest me.

    Hi
    I don't think so. Moreover that is applicable till 2.2D.
    Moreover depreciation is to be run for all periods you have not run earlier. Please check upto which period dep run has happened. Thereafter close the fiscal years in order thro AJAB.
    S Jayaram

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    The number range is not set as year-dependent. Therefore, cannot be solved.
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    Hello Sumana,
    I have encountered similar issue in one of my clients. What you need to do to remedy the situation is that you need to open the Asset fiscal year in OAAQ and then post depreciation month wise till the current year start. For posting depreciation you also need to open the old accounting period but if there were no asset postings in previuos years then you do not have that risk of anything getting posted in books(which are already closed) in those prior fiscal years. This was from books point of view you maintain status quo.
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