3692299 - Error - 'Closing of YYYY not possible. Perform depreciation run for fixed asset' occurs while doing Balance Carryforward run

Error: "Closing of YYYY not possible. Perform depreciation run for fixed asset." while doing the Balance Carryforward run.

SAP Business ByDesign

1. Go to the General Ledger work center.
2. Go to the Balance Carryforward sub view.
3. Try to create a new run for the year YYYY.
4. Observe the error message: "Closing of YYYY not possible. Perform depreciation run for fixed asset." 

• The fixed asset mentioned in the Balance Carryforward error is in the 'Retired' status.
• The fixed asset was deactivated on 01.01.9999 before completing the full depreciation for the year 9999.
• For example in this scenario, the asset's useful life is 10 years, and depreciation has been completed only until 001/9999 (001 refers to first month of the year). Remaining periods of depreciation are incomplete.
• The error message occurs because of this reason.

Note: The year 9999 mentioned above is for the reference purpose.

1. Remove the 'Deactivation date' from the fixed asset to change its status from 'Retired' to 'Capitalized'.
2. Perform depreciation for the pending periods in the year 9999.
3. After completing the depreciation either completely scrap the asset in the year 9999.

(Or)

1. Adjust the useful life of the asset from 10 years to 5 years and complete the full depreciation.
2. Retire the asset after completing the necessary depreciation.
3. Perform the balance carryforward for the year 9999.

Balance Carryforward, Closing error, Depreciation run, Fixed asset, Retired, Deactivation date, Capitalization, Depreciation pending periods, Asset useful life, General ledger. , KBA , SRD-FIN-GL , General Ledger , Problem