Error when trying to activate new valuation area - AU158
I´m getting an error when trying to activate a new valuation area by using AFBN transaction. I get a message that says "Closed fiscal years for areas 01 and 08 differ by more than 1 year" (AU158).
Then the system recomends me to check the settings of the depreciation areas for the closed fiscal years since the closed fiscal years of the areas are not allowed to more than 1 years apart.
When I check the settings in transaction OAAR what I see is: area 01 - 2010 and area 08 (newest) - 2008 fiscal year is assigned.
How can I close area 08? Will I need reopen the 01 area until 2008 fiscal year?
How can I create the new area with the same fiscal year closing?
Year end closing--AJAB
If you open FY 2008, then you can create new depreciation area through AFBN.
I guess this depreciation area doesn't generate any postings and this is only for reporting purpose.