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Assets Close

Former Member
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Do we have to close the assets in the same year for eg. assets from jan-dec of 2011. Can we close them in December. Or we can close them somewherer around jan or feb 2012? what is the best practice.

do we have to run AJAB before OB52.

help.sap.com

Accepted Solutions (0)

Answers (3)

Answers (3)

former_member188028
Active Contributor
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Simultaniously you can open two fiscal years for Asset accounting.

So, you can close your asset accounting in jan or feb of 2012 after completion of all your entries.

If there is no pending and you have done everything then you can close asset accounting on 31st decemebtself.

Rgds

Murali. N

Former Member
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Thanks for all your replies.

So we can close the asset fiscal year in december itself too if all entries are done? But we can close it in Jan or Feb of 2012 also, correct? If we need to make entries in 2012 to asset accounting, do we have to close 2011 first while opening new fiscal year or can we post entries in 2012 keeping 2011 open.

former_member188028
Active Contributor
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So we can close the asset fiscal year in december itself too if all entries are done?

Ans:- Yes, if everything has been completed.

But we can close it in Jan or Feb of 2012 also, correct?

Ans:- Yes

If we need to make entries in 2012 to asset accounting, do we have to close 2011 first while opening new fiscal year or can we post entries in 2012 keeping 2011 open.

Ans:- Yes you can do entries in 2012. Before that do year change through AJRW

Rgds

Murali. N

former_member765905
Contributor
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Hi Expert,

1. So we can close the asset fiscal year in December itself too if all entries are done?

Yes.

2. But we can close it in Jan or Feb of 2012 also, correct?

Yes.

3.If we need to make entries in 2012 to asset accounting, do we have to close 2011 first while opening new fiscal year or can we post entries in 2012 keeping 2011 open?

Yes. You need to close 2011, before posting in 2012. You cannot keep open 2011, if you want to post entries in 2012.

Regards,

GK

SAP

former_member188028
Active Contributor
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System will allow transactions in 2012 also though 2011 fiscal year not closed.

Former Member
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Thanks everyone for your answers.

Former Member
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Hello,

when you pass the active year in assets, and go to next year which is inactive all your asset postings are available in last year at your case Dec 2011. system will not accept posting in jan 2012 ( in assets ) unless you do the fiscal year change

regards,

former_member765905
Contributor
0 Kudos

Dear Expert,

For Best practice, It is recommend to close the Asset Year-End Closing's in December..

Please refer the below link...

http://help.sap.com/saphelp_46c/helpdata/ru/6e/1222ad9f0411d189b80000e829fbbd/content.htm

Regards,

GOPI KRISHNA YANDRA

SAP FI/CO CONSULTANT