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Reply from caroline on Feb 8 at 11:27 AM I don't want to make any changes to FY 2015 except for Master Data of the Asset if this will allow reversing of depreciation and asset posting in 2016.
Intended is to cancel all postings related to this asset as this asset never existed but without affecting the figures for 2015. I have to do the following:
1. reverse all postings from final asset
2. reverse the transfer from asset under construction to final asset
3. reverse invoice booked on asset under construction
All cannot be done due to fiscal year 2015 close message.
Can you suggest the steps needed to be followed to allow the above?
Thank you
| | | ---------------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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