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Asset Year-end Closing


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Old 05-02-2009, 08:51 AM
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Default Asset Year-end Closing

The year-end closing enable the company to produced the final balance sheet and profit and loss statement for its annual report, which has to be created to meet the particular legal obligations in each country.



Once the fiscal year is closed, you can no longer post or change values within Asset Accounting (for example, by recalculating depreciation). The fiscal year that is closed is always the year following the last closed fiscal year. You cannot close the current fiscal year.


AJAB - Year-End Closing Asset Accounting

Company code : Your Company code

Asset classed asset u. const. : Optional

For fiscal year : Last closed fiscal year


Uncheck 'Test run' if this is a production run


At menu bar, click Program -> Execute in background.

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Old 05-02-2009, 08:51 AM
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Perform Fiscal year close for fixed Assets.



While doing a Test run, message is that fiscal year close could not be performed but it does not display any Asset details .It says Other Error. I am not able to identify what those other Errors could be.

Also, I have checked Incomplete Assets list As well but that list is empty as well. Also while running tcode AUVA there is a tab correct incomplete Assets, can anyone tell what deos that mean and when its to be used.


You can check and edit Asset accounting closing status using tcode OAAQ.


But you seem to be not clear on process.


AJAB is for closing Asset Accounting books.

AJRW is a technical step of changing fiscal year in system. If not done, it will not allow you to view asset reports in current fiscal.


Now, your error says incomplete asset. Please run ajab in test mode, check for details. It will give you asset details and error details as well.



Go to asset explorer and check if the asst in question has been fully depreciated for the year.

If not run repeat deprecation for the asset in period 12 and then try closing asset books. You can also check asset and GL inconsitency using tcode ABST.
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