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Reply from Rene on Dec 20 at 8:47 PM Thanks all
| | | ---------------Original Message---------------
From: SAP_EZ
Sent: Wednesday, December 14, 2011 11:20 PM
Subject: Reclass an Asset Depreciation Posting within a Closed Finance Period
Make your 2010 manual JE a deferral of the depreciation accounting.
In other words, nullify the accounting in the audited year, and then reverse that entry in the new fiscal year. Use the same two accounts - depreciation expense and accumulated depreciation; however you will have to temporarily unlock the reconciling account for accumulated depreciation (which is a no-no 99.999999% of the time).
This moves the immaterial change in the g/l from the audited year to the new fiscal year. You would also have to temporarily unlock the reconciling account again to reverse your 2010 nullification entry into 2011 affecting accumulated depreciation. Alternative to disturbing your reconciliation account is to use a clearing account as you have already mentioned is your plan.
Better run by your auditor if you change the g/l audited; they take a complete g/l download of whole trial balance (their lead sheet for the audit). This is the ONLY time I would ever unlock reconciling accounts. Check SAP for their instructions on this, as I am quite sure there would be a Note on the topic.
Regards |
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