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Assets Closing Issues

Updated May 19, 2018

We are trying to close assets for fiscal year 2008 and facing problems when using ajrw. We are encountering the following problems

1.Depreciation/ updating of values has errors                        
2.Depreciation not posted completely- 500 assets
3. Asset is incomplete and has to be completed  

error 1  

for error 1 , there is no apc values nor any depreciation vaules in the asset master record . There are transactions in 2008 wherein value date is 01/15/08, posting date is 03/06/08 wherein there are transaction type -110 and reversal of the entry on same day. What needs to be done for this.When i execute Afar the below is displayed  

230000 0  Blg Capitalized Interest 2008 Error in dep. calculation  

Error 2-"Depreciation not posted completely" we have run repeat run afab in test mode and found that the assets -500 assets are showing difference in ordinary depreciation between planned and posted depreciation ,The posted depreciation is more than the planned depreciation for these assets .?Below is example of repeat run for 1 of the 500 assets.

Main number SNo. Name            Deprec. ype      | planned    posted    to post

43596               0Charger                    Ordinary deprec.  | 956.66 -    998.25 -           41.59  

The total of the difference in repeat run  matches to the report of ajab where the message for assets is "Dep not posted completely ".  

Also when i checke the asset master record ,in chnage documents, change is recorded on 01/05/09 for the ordinary depr change for 2008 above - changed from 998.25 to 956.66 (-planned depreciation) and accum depre change for book depr 01 and as well see that the assets shut down is ticked -01/05/09. does this mean something ...why the figures had changed and what needs to be done now ? .    

What needs to be done for these assets ? should we run repeat run without test mode or what does this means. Can any one please suggest how to correct the errors.    

Error 3 .      

What needs to be done for this type of error.          

Now we had closed fi closing for year 2008 as well.      

Please suggest what needs to be done.      

Rgds


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