You complete a Balance Carry Forward, Period End of Year End and you receive the error message 'Closing of YYYY not possible. Perform depreciation run for fixed asset XYZ'.
(YYYY represents the fiscal year, XYZ represents the Fixed Asset ID).
SAP Business ByDesign
Reproducing the Issue
- Go to the General Ledger work center.
- Select the view Common Tasks -> Open and Close Periods.
- Highlight the period that you would like to close.
- Select Close Period.
Error: Closing of YYYY not possible. Perform depreciation run for fixed asset XYZ
This error is not expected as you have completed all the Depreciation for all periods.
After you completed the depreciation for the periods, a posting such as a revaluation has taken place which changed the asset value in a period for which depreciation had already been posted, meaning depreciation was recalculated.
If you view the Depreciation View of the Fixed Asset there will be a period that has yellow triangle beside the period.
To resolve the issue, you need to complete a Depreciation run for the periods that have yellow triangle beside them.
As a precaution you can complete a test Depreciation run for this Fixed Asset for that period to confirm what will post due to the revaluation.
Fixed Asset, Close Period, Perform depreciation run for fixed asset , KBA , SRD-FIN-FA , Fixed Assets , Problem