Rectification of disposal of obsolete assets in non leading ledger

[former_member663992]

There are some assets for which disposal was posted with asset value date as 07/01/2016 in the month of December with posting date as 12/27/2016 ( T code ABAVN)

With ASKB, system posted differential entry in non-leading ledger Z1

Since asset value date was 07/01/2016, Accumulated depreciation from July till Nov got reversed and loss on disposal was inflated.

Please find below example for one asset on how loss on disposal was inflated

Asset Value in MXN as on 06/30/2016Acquistion Value10940.07Accum Depr9116.76NBV1823.31Depr till 11/30/2016 for 5 Months455.85

Entries posted on in Dec 2016 in ALL LedgerMachinery & Equipment (12113000) Cr10,940.07Acc Depr-Mach & Equip (12113000) Dr10,940.07

Entries posted on in Dec 2016 in Z1 LedgerAcc dpr (12133000) Cr1823.31Loss (82313020) Dr1823.31

In the above entries posted in Z1 ledger are incorrect since depreciation from July to Nov is posted to loss account & business is expecting following entry

Expected Entry in Z1 LedgerAcc dpr (12133000) Cr1367.46Loss (82313020) Dr1367.46

Now business wants to rectify so that they can report correct loss and depreciation.

These needs to be rectified both at Asset sub ledger and Non leading ledger level.

Thanks

Kishore Jain

[former_member663992]

Hi Jay,

Fiscal year 2016 is not open.

Is there any way to do this in current Fiscal year

Thanks

Kishore Jain

[former_member351125]

Hello,

Is fiscal year 2016 still open on FI and Fixed Asset?

If yes, reverse the disposal then repost the disposal with correct details.

Execute repeat depreciation run AFABN.

Thanks!

Jhero