RE-FX Activation of leases asset with start date in prior year

[former_member830489]

Hello,

I have a case where Accounting Team received information that a lease contract was signed off and asset put in use during FY2022. Up until now, FY2023, no entries in ERP were made due to lack of information. I can create lease contract with start date FY 2022 and corresponding asset master data but when I try to post initial valuation I get error message that asset value needs to be in same FY as posting date. I cannot post Asset write up/ABZU because asset is used in the contract and all postings on the leased asset should happen through RE-FX module. Please suggest how I could solve the timing difference issue?

[andre_nakratzas]

Hi if you haven't created the RE contract yet in 2022, but you are creating this now in 2023, you can still create the contract backdated with the original dates from 2022. If you don't want the AP postings to be created you can set the condition type to statistical.

When performing the periodic posting and the valuation posting you'll be restricted by the open posting period in FI-CO and FI-AA, so you will likely see a catch up posting from the previous periods into the posting period in 2023 that you are using. It would be best to make sure that FI-CO and FI-AA postings are aligned for the periodic posting and valuation posting.

Not sure if you were indicating that the asset has been created manually, which should not be done if you have the FI-AA integration setup with RE-FX.

Regards, Andre