Reversal of Depreciation posted already in a closed financial year

Hi
I met with a scenario , where in a financial year 2009 ( Apr to Mar) I acquired an asset on 01.04.2009. The whole year depreciation was run and posted. How to reverse the posted depreciation, a) for the entire year b) for a selected period.
Thanks and Regards
Jaswanth Kumar

Hello,
Reversal of depreciation is not possible. You could refer below post which would address the same:
Re: Depreciation Reversal
In the same link, you would able to find further links which would explain in depth.
Regards,
Jaymin R. Bhatt

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Reversing a depreciation post

Hi All,
i need to reverse a depreciation post created by AFAB.
Which t.code should I use? And which "transaction tipe" ?
Thanks
Umberto Gandalf

Hi
If you have set the company code to productive, you cannot reverse the depreciation posting. However, you can
1. Change the depreciation key in asset master and rerun depreciation. In that case system would manually adjust the depreciation on a pro rata basis
2. Post any additional depreciation manually.
regards
Sanil Bhandari

Asset History Sheet - Particular period of a closed financial year

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I need to generate an Asset History Sheet for a particular period of a closed fiscal year. The system allows only to generate the asset history sheet as at the closing date of the prior year.
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Go to T code = SAP1 in SAP Easy Access screenselect financial accounting-Asset Reports
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Hoping someone can help me with this question - Is it possible to change the depreciation key for closed fiscal years - we need to change it for Tax - books. And if yes - does it mean we need to open closed fiscal years ??
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Richa

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you will need to open the FI and AA periods. After changing the depreciation keys do the necessary dep run and close the books in the correct sequence.There should not be problem.

Credit memo on asset in closed financial year

Hi,
Is there any standard solution for the following case.
- An Asset was capitalized and also depreciated in the last year. This year was closed in FA already and cannot be nothing posted there.
- Now I need to credit this asset and have depreciation recalculated to 0 for both years (current and previous closed one)
- If I use ABGF (using asset value date 1.1.2008 - first day of current year) it is not possible to credit the whole acquisition amount as there was posted some depreciation in the previous year and NBV would be negative
How I can credit the whole depreciation amount if part of an asset was depreciated in the closed year?
How I can recalculate to 0 depreciaton posted in the closed year? Does not matter the correction is posted to the current year.
Many thanks!
Jan

Hi,
Thanks for your reply.
That is exactly what I tried. However this will recalculate only depreciation for current open fiscal year. It will not recalculate depreciation for the closed year.
Is there any other idea how to handle this?
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Jan

Closing Financial Year

Dear All
I am trying to develope an accounting program in Oracle Developer 6i client/server environment.I have certain confusions in it.Can someone please tell me that what happened when we end the financial year?
What happened to the previous year balances? What happened to the Revenues/expenses balances how they will goto the next year?
Can we see the previous years income statements or balance sheets?
I will really appreciate if someone will tell me tips about that.
Thanks

Hi there,
ok when you do a year end close , the revenue accounts( that is you Income and expense get set off and update your retained earnings account , based on your balancing segement value(Mostly it will be your company in KAFF segment values in terms of Oracle Financials).
All other balances will be tarnsfered to the next year,It would be advisable to take your Fiscal reports before doing a year end close for an legal entity.
You can always look up your previous trial balance and fiscal reports , by giving a date range correct , so I blv you can view it , but while designing your system,
keep in mind have a seperate table which stores the date,year, natural account segemnts, balancing segments and the amount against each of them , so that when you do an year end close , this table gets updated , and you can always use this table to take future fisvcal reports any time.
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Reverse the planned depreciation posted through AFAB

Hello Experts,
Kindly give me the solution to reverse the posted depreciation through AFAB ASAP.
Our financial year is January to December.
We want to reverse the depreciation posted for the month of 03,2011

Hi
You can use one process as mentioned below
Step 1: Create a Depreciation Key having Zero as depreciation percentage
Step 2 : Assign that Depreciation Key into Asset Master
Step 3: Then go to Depreceiation TCode AFAB & Select the Repeat Run Radio Button for the selected Asset
Step 4: Run the Depreciation
Hope through this process you can solve your problems
Regards
Praveen

Error when run Depreciation Posting Run AFAB

Hi,
I found error when run Depreciation Posting Run for period 7 2007.
FYI. I had run Unplanned Depreciation (TCode: ABAA) with document date 31.10.2007 and posting date 31.10.2007, trans. type 640. After that, i want to run Depreciation Posting Run (TCode: AFAB) with fiscal year: 2008, posting period: 7, reason for posting run: repeat. Select on Test Run. Then i found error message as below.
Error Message:
Documents manually posted within dep.doc.number range
Message no. AA728
Diagnosis
In the number range interval for the document type for posting depreciation, a document has been posted which was not created within the framework of depreciation posting. The last document posted by depreciation posting was assigned the number .
Procedure
Contact your Systems Specialist. When changing the number range interval for the document type in depreciation posting, you have to specify a new interval in which no documents exist. Using organizational measures, you can guarantee that there are no documents apart from those created by depreciation posting in this number range.
Can any one help how to solve this issue?

Hi Paul,
Now I go to TCode: FBN1 - Accounting Document Number Ranges, then i want to change the range for year 2008.
No Year From No          To No           Current No          Ext
03 2001   0300000000   0399999999   -                          /
03 2002   0300000000   0399999999   -                          /
03 2003   0300000000   0399999999   -                          /
03 2004   0300000000   0399999999   -                          /
03 2005   0300000000   0399999999   -                          /
03 2006   0300000000   0399999999   -                          /
03 2007   0300000000   0399999999   -                          /
03 2008   0300000000   0399999999   -                          /
03 2009   0300000000   0399999999   -                          /
Referring back to Asset Accounting, the Reference Document: 19.
Do it mean that my FI doc. no is 0300000019 ? I bit confuse on this..
Can you guide me more details on it?
Thanks in advance.
Edited by: Nur Aman Abdul Manap on Apr 15, 2009 2:09 AM

Reverse Asset Depreciation for Closed FY

Hi Asset Gurus...
Need your expert advice...on the following Asset issue....
PROBLEM : We have done the Year end closing for FY 2009 for our assets in Jan 2010. But we have already reported out Balance sheet in Dec 2009 for FY 2009. Now, when we have closed the FY 2009 in Jan 2010, system postes some financial entries related to Depreciation difference between area 01 and area 02 on the balance sheet.
Now the business thinks its not acceptable..as what we see in SAP for the BS 2009 contradicts what we have already reported to the authorities..
So, we need to change this situation in SAP...i.e. correct these postings ( or infact cancel these postings that have happened due to this depreciation difference between area 01 and area 02 in the Fy 2009 ) so that the BS 2009 shown in SAP would match what we have reported.
Now the real problem is that : THE ASSET FISCAL YEAR IS ALREADY CLOSED AND ALSO WE CANNOT MANUALLY POST ANY FI ENTRIES FOR THESE DEPRECIATION DIFFERENCE GL ACCOUNTS AS THEY CAN BE POSTED ONLY INTERNALLY.
SOLUTION THOUGH OF : Now, We see that probable solution would be re run the Depreciation for FY 2009 again by opening period 12 2009 so that the depreciation differences calculated wrongly would be gone.( But is this kind of suggested or acceptable ).
In the Other case, should we do an ASSET WRITE UP OR TRANSFER POSTINGS to negate the postings that have already happened.
One more thing..I want to clarify is that : THE REASON THE DEPRECIATION DIFFERENCES OCCURRED BETWEEN AREA 01 and AREA 02 is because both of them had a different depreciation key in FY 2009( somehow they had diff. dep keys which was wrong as told to us by the business and they discoverd this situation in 2010 ). So, we corrected the Dep keys for the two areas in FY 2010 ....But for the FY 2009 , when we closed the FY 2009, the depreciation differences already got posted in the Balance Sheet.
REAL PROBLEM IS THAT WE WERE ABLE TO CORRECT THE DEPRECIAITION KEYS IN THE ASSETS, but WE WANT TO CORRECT THE WRONG POSTINGS THAT HAVE TAKEN PLACE IN FY 2009 ( i mean the Financial postings that took place.. the GL accounts that got posted are Acc. depreciation difference account and dep. difference account ).
We also cannot manually reverse this FI entry , as these postings happeend automatically..
So i see..probable solution is reopen the FY 2009 and carry out a repeat dep run ??
Or do a ASSET WRITE UP OR TRANSFER POSTNGS FOR THESE GL ACCCOUNTS?
I am not an expert myself but seek the guidance of the experts here to resolve our issue..
In case, you need any more clarification on this problem..I will let you know the same...
Waiting for your feedback on the same..
Thanks,
Kris.....

There is no issue with FY 2010 as we have changed the Dep. Key in 2010.
The issue is with only FY 2009 which is now closed.
But the transaction ABF1 as you have mentioned cannot be used in this case, as when we try to post to these GL accounts, it gives us the message that they can only be posted automatically by the system ( which i think is true as these postings occur only after the dep. run ).
Is there any other tcode through which we can correct the wrong dep. values that were posted in FY 2009.
Thanks,
Kris...

How to reverse the Depreciation for the excess amount posted?

Hi Gurus,
We have uploaded the data last month from legacy system to SAP as below.
The Fiscal year is Jan - Dec and gone live on June 28th 2009.
Accumulated Depreciation was taken till Dec 2008.
Ordinary Depreciation was taken from Jan 2009 to June 2009.
But Ordinary depreciation is not up to date in SAP as the user miss out the 2 months depreciation for each Asset but this was already posted in legacy system. All the GL Balances have been uploaded as per the legacy system. Now system is taking the previous 2 months Depreciation along with the current month. If we run the Depreciation for the current month, the system will post excess amount as it includes previous 2 months Depreciation.
Can any one kindly suggest the process to reverse the excess amount after Depreciation posted for the current month?
Thanks much for the help.
Early responses will be appreciated.
Best Regards,
JBC

HI
Few clarifications-
1. you have posted two months dep in legacy , have you transferred that dep amount wth the ordinary dep transferred from jan to june?
If yes, that means your last posted dep month is june and accordingly you have to set the last period (6) in the SPRO for asset data transfer specifications, so system will start calculating dep from the 7th period only and will not recalculate dep for last two months.Check the last posted period mentioned in SPRO.
2.If you have uploaded wrongly your ordinary dep for current year , then that means your Asset accounting opening balance (migrated balance ) is not matching with your Trial GL upload as well, so you need to correct your asset accounting opening balances.
For this you need to reset your company code status from 0 to blank ( tset data always allowed for asset data transfer). And then correct the values for current year ordinary dep posted from jan to june, also check the last posted dep period as above.
3.However you may post writeup ttype 700 to adjust the excess dep posted by any reason, you can extract last two months dep posted values asset wise from legacy system if already posted, and post the writeups for the same value in current period using LSMW.
Cheers
Mukta

"Depreciation posted needs to be reversed"

Hi All,
The depreciation has been posted in the wrong G/L accounts so now needs to be reversed.
Kindly advise if there is a way to reverse it without impacting the G/L accounts.
Regards
Harish Madhavan

GL is posted to wring GL means there is a wrong configuration in AO90.
When you ran depreciation run (initially) it created a posting. Now you do proper GL assignment in AO90 & restart depreciation run. Proper depreciation will be posted & GL will be impacted. You cannot reverse the depreciation without impacting GL.

Depreciation posting for past period

Dear All
I have already posted depreciation for Jan 2012. After that I have made some acquisitions in Dec 2011 and want to post depreciation for that in Dec 2011 (with posting date 31.12.2011).
While trying Repeat run for period 9 it gives message "Only period 010 can be posted in the repeat run"
For Restart run message is "Restart not required in the specified period 009"
For Unplanned run message is "Posting already performed in period 009"
How can I post depreciation with posting date 31.12.2011? I don't want to post difference in January 2012.
Thanks & Regards
Shripal Bhavsar

Hi Shripal,
You cannot post the depreciation in Dec 2011, when the Depreciation for January 2012 have been already performed. You can execute the depreciation program in repeat mode for the last period posted, that is in January 2012.
The only option I could think is to post a Manual Journal entry in Dec 2011 and reverse the same in January 2012. Then execute the depreciation program in January 2012. You can execute this program in test mode to know the exact catch entry.
Dec 2011 - Entry 1
Depreciation Expense Dr xxxxxx
Accumulated Depr. Manual account Cr xxxxxxx
Jan 2012 - Entry 2 (reversal of Entry 2)
Accumulated Depr. Man acct Dr xxxxxxx
Depreciation Expense Cr xxxxxx
Jan 2012
AFAB - Execute this program in Repeat mode
Please revert in case you have any questions.
Regards,
Vinod

How to make reversal of Depreciation manully

Hi SAP Expert,
If we require to make manual; depreciation , we can do on ABMA and done but if somewhere require to make reversal of depreciation in case of where more depreciation charged and we trying to correct manually , how we can do .If we use ABMA for the same i.e reversal then which transaction we should use so we can reverse.
Thanks,
Dharmveer

Thanks a lot
Yaa, its related to previous fiscal year which also need to rectify this year..
Actually issue is that we have some asset where acquisition value and accumulated depreciation uploaded equally at time of implementation in begining which is related to first previous fiscal year and at the time of closing system giving error only for such assets because there must remain 5% salvage value , here its a case of equal acquisition & accumulated depreciation , net value is zero , n , system does not here 5% salvage valua as remaining and we closed last year , Balalce sheet already freezed apart from leaving this asset closing error , but this year we want to rectify o/w we can not close coming year.
As well , without changing balances , we want to to rectify this error for previous asset closing activity.
So we decided & also we tested in quality server , we try to upload in accumulated dereciation after remaimimg 5% , so we have to reduce the balances in accumulated depreciation column , our error removed , how much diiference we have , we adjust with other asset in its accumulated depreciation column then accumulated balances overall is OK , but for such asset having 5% remainging value , system does not carry depreciation but it calculated depreciation for that asset whose accumulated depreciation balances adjusted for PY to make equal the acc derp balances overall.
And whaever depreciation system makes adjusted asset , we want to reverse the depreciation manuallly with some asset by creating other asset n, transferiing balances , so that depreciation charged balance also be equal
I think its clear , overall balances we want to keep equal because of already previous B/S finalised.
Ultimately we mean to ask , how we pass reverse balance for depreciation , normal balance we tested , once we put some value in ABAM and run system pass normal depreciation entries what & how abount reversal ..
Thanks,
Dharmveer

Facing problem in depreciation posting in previous period

I have posted 61 asset codes depreciation in the previous year 2010 with repeat run and period 12 but with the 3 asset codes i am facing problem regarding fiscal year the system generating error called fiscal year 2010 /12 is already closed in financial accounting but then i have posted 61 asset codes they does't show me any error then why this 3 codes are showing this error when i have open fiscal year 2010 with period 12 because till year 2010 dep posting is configure as yearly posting.
Regards
Abhisekh Mandal

hi,
In this you have to check for open periods and year in Financial year and asset year.
can you send the error message?
Regards,
SAP

Depreciation - Post in the Previous Year

Hi,
I am trying to post the depreciation for Jan 2010, but the system is giving the error that I need to post in the preious year first.
However when i am trying to post the depreciation for the previous year, its giving the error that previous year is closed. Can anybody help me how to resolve this issue. Thanks.
Regards,
S.Sumana.

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.
Close the previous asset years and posting years once you are done with depreciation posting for a particular year.
After you come upto date you can run the depreciation normally in current year.
Regards,
Vijay

Reversal of Depreciation posted already in a closed financial year

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