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Reply from caroline on Feb 10 at 5:13 AM Hi,
Thank you all for your suggestions, they were all very helpful.
As FY 2015 is not allowed to be opened anymore and master data of the AUC was not changed to allow negative values the issue was solved as follows (all entries done in Feb 2016):
- the needed amount was posted back on the AUC through P&L account for disposal -GL entry
- the AP invoice was reversed => resulting AUC set to 0.
- for the final asset retirement was booked => amount went on P&L account for disposal
- depreciation for Dec 2015 and Jan 2016 were canceled - transfer from depreciation P&L to P&L account for disposal
- P&L account for disposal netted down with the above mentioned postings - the account was used only for transit the amounts
- final asset became also 0 and was deactivated after posting the retirement
| | | ---------------Original Message---------------
From: caroline
Sent: Friday, February 05, 2016 8:28 AM
Subject: How to reverse an asset posting in new fiscal year?
In Nov 2015 invoice for fixed asset was booked on an asset under construction. At Nov 2015 end the transfer from AUC to final asset was done. In Dec 2015 depreciation started and was booked. In Februar 2015 the invoice has to be canceled (was wrongly booked in Nov). For this to happen we have to reverse all related bookings in chronological order: depreciation, transfer to final asset, invoice entry. The cancel of these entries is wanted to be done in the new fiscal year 2016, in February. (no changes to 2015).
When we try to manually cancel the transfer to final asset this is not allowed and system returns the message: no posting allowed in financial accounting/fiscal year 2015 closed.
Could you please advise how can we cancel in 2016 the entries related to fixed asset booked in Nov 2015?
Thank you kindly for your support! |
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