Asset Year End Closing AJRW & AJAB

[Former Member]

1) After running AJRW, can users still post assets under previous year ?

2) Any time-dependent for AJAB and AJRW ? Should Run AJRW 1st or AJAB ?

[Former Member]

Hi Annie,

1. Yes, after running AJRW - you still will be able to post in previous year. You can even post in current year. This is just a technical step. No risk in this. I have done for my company. Else you cannot view any standard report. You can even re-run it.

2. AJAB is do be done when your asset books are finalized. Before running AJAB, you have to re-run AJRW, if you made postings in previous year after 1st AJRW run. This will just carry forward balances properly.

Thanks

Assign points if useful

[tharaka_hettiarachchi]

Hi keetu,

What about AFAB - dep run for year end. Do we need to run this before run AJRW in 1st place?

Thx,

Tharaka

[Former Member]

Hi Tharaka,

I would recommend the following process:

- run AFAB for all the periods of year 20XX

- run AJRW to carry forward the balances of asset accounts to 20XX+1

(if you ran AJRW before AFAB, re run AJRW after you have run AFAB for all your periods to ensure that the balances are correctly carried forward)

- run AJAB to close 20XX

- run OB52 for account type A to close 20XX

> now you can start posting on 20XX+1

Kind regards

[tharaka_hettiarachchi]

Thanks David.

I did what you recommended and it resolved my concern.