Reversal of Depreciation Posted

[Former Member]

Hi,

I have posted depreciation through AFAB for a period.

But I need to reversal the depreciation amount posted for 2 particular assets.

How should I do it/

rgds

[Former Member]

Hi,

You can't reverse the depreciation posted.

You can do repeat run for the two assets thru AFAB.

Regards,

Murali

[Former Member]

Dear Vidhya

When you post depreciation the accounting entry would be

Depreciation A/c Dr

To Accumulated Depreciation Account

(If you run the Dep. Manually this Accumulated Dep. is not up dated in this case you don't want to reverse the accumulated Dep.Account)

T.Code : ABZU

once you writte off the asset with the deprecation value the entry would be

Accumulated Deprecation A/c Dr

To Dep. Written Back A/C

If you want to transfet the value from Dep. Written back a/c to Depreciation A.c that can be done with a manual J.V.(to nulfy the dep a/c which has been debited at the time depreciation posting)

Dep.Written Back A/c Dr

To Depreciation A/C

the above two are normal accounts so the JV will be allowed

Regarads

radha

[Former Member]

Hi Vidya... the follwoing steps may useful to u ...

Asset Reverse Year-End Closing

If you closed a fiscal year too soon, and still need to make corrections, you can reset the last closed fiscal year in Customizing for :-

Asset Accounting (Periodic processing -> Year-end closing -> Reverse).

Using this function, you can re-open the last closed fiscal year, either for selected depreciation areas in a company code, or for all depreciation areas in a company code. You do this by changing the field for the last closed fiscal year.

Be careful if you re-open a fiscal year only for certain depreciation areas, and you need to make adjustment postings only in these areas. You cannot use the standard transaction types for these postings, since the standard transaction types post to all depreciation areas. Instead, you have to define your own transaction types in Customizing for Asset Accounting (Transactions), limiting them to the required depreciation areas.

OAAQ - Reverse year-end closing for deprciation area

At the desired company code, change the fiscal year in 'Closed fiscal year' column.

Save entries and create a new request.

Change Asset fiscal year

AJRW - Asset fiscal year change

Company code : Your Company code

New fiscal year : Last closed fiscal year

Uncheck 'Test run' if this is a production run

At menu bar, click Program -> Execute in background.

If u satisfied, assign me points...

Dasharathi