Fiscal Year Close Assets

[Former Member]

Hi,

In technical terms will there be any impact if we close the GL accounting period (for all A, D, K, M and S) first and then close the asset fiscal year (AJAB) some time later? because our audit is still going on, we are not sure whether there will be any entries pass to old Fiscal year therefore we want to keep the Asset Fiscal year open for some time and close the GL Period (including the fiscal year) first.

Regards,

Gayani.

[Former Member · Accepted solution]

Hi,

yes there is no problem if you have the AA opened.

But I would also start the AJAB. And if there are any changes to do I would re-open it.

Reason: If you do any changes in the AA master data (like changes of the depreciation key) with the result that the despreciation will be recalculated; you will have the problem that the system will calculate them starting last year; therefore you will get some posting for the last year which you don't want.

Therefore I would change the AA-year.

Best regards

Volker

[Former Member]

Hii gayani

u can close Gl first without closing the AA .. as both the module treated seperatly and have to closed seperately u can do that. but when u pass any entery in AA u need to reopent he GL financial year....

thanks

sejal

[former_member13777]

Hi,

if you close GL then how you will pass entries. if you post in Asset corresponding entry is happening in GL.

So you have to open asset plus GL.

There is no problem in closing FI period and re opening

sunoj