Correct Accumulated depreciation GL account after using OAGL

[Former Member]

Hi,

My client is using Asset module since last 3 months.

But system had wrong values for depreciation and accumulated depreciation account.

So I used Tcode OAGL to reset the depreciation. I saw in Tcode AW01N and it was working there.

Then I carried out depreciation with corrected values. And I can see that in AW01N.

But when I tried to check the GL balance of Asset depreciation and accumulated depreciation account, I saw that, they have balances from earlier depreciation run. So there is double entry in those accounts (one from previous depreciation and another is from new depreciation after reset)

I need to correct GL account balances for both the accounts. Is there any way I can reverse those entries or may be adjust it by any transaction code.

My intention is to get rid of those old values or balances.

I really appreciate your inputs.

Thank You.

Edited by: Kets9999 on Mar 17, 2010 9:48 PM

[Former Member]

Use trnasction OASV to enter reverse/adjustment postings.

Thanks & regards,

Murlidhar Khatri

[Former Member]

That didn't solve my issue as there is not cost center field in that transaction. I need to assign cost centers to Depreciation accounts as a required field.

But Then I deactivated reconciliation flags for those accounts and passed manual entries with F-02. So by this way I have my GL and cost center both balanced.

Thank you for your answer. That helped me to look further in my process.

[Former Member]

Hi,

I read on many postings that. Don't use OAGL in production.

Is there any reason behind that?

If you know please let me know.

Thank you.

[NathanGenez]

I posted a blog about this. Please search and you'll find it.

If a system is truly live... i.e., you are in production and have successfully been through several month end close cycles (even 1), then you should not be running this program. Read the blog for more info.

[Former Member]

I read your blog. It is very informative but here is my scenario.

My client had asset revaluation (reduction in asset value) in Dec. 2009. Because of lack of resource at that time, they carried out this revaluation in strange way.

They didnu2019t use standard SAP transaction for revaluation but created two Depreciation and Accumulated depreciation (Non Reconciliation) accounts and adjusted P&L by passing manual adjustment entries for Assets. They kept passing manual entries for following months.

Now they want to get rid of those accounts they created and manual entries they posted. Also want to carry out revaluation with standard transaction in Dec.09 by opening books.

To do that, I need to reverse the posted depreciation for Jan and Feb. and post revaluation. After that I need to carry out correct depreciation for Jan and Feb.

Here is my action plan.

1.Use OAGL to clear posted depreciation.

2. Then Turn off Reconciliation flags and adjust GL account balance manually.

3. Put Reconciliation flags on and carry out normal depreciation for months before Dec 09.

4. Post revaluation entry and carry out depreciation for DEC, JAN and FEB.

This has solved my problem in test system, as Client is interested in overall P&L from the audit point. By this way I see that my FI and AA also reconciles.

I donu2019t see any solution other than OAGL.

Please let me know if any transaction available to deal with this situation.

Thank you.