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Year End Closing Guide in SAP Asset Accounting

This is a handy document that guides you for Year-End Procedures in Asset Accounting. Highlights from the document is as follows:

  • One of the most common problem end-users face is Fiscal year Change not yet made for company code XXXX, this is because fiscal year change is not carried out yet in Asset Accounting through transaction AJRW. Required procedures covered in document with screenshots.
  • Before you run year-end closing (AJAB), make sure depreciation runs (AFAB, ASKB) are all done. Then start closing with account reconcilation of AA and FI and later execute Fiscal Year change (AJAB)
  • You may face problems during year-end closing. In this document you will be guided for Depreciation not posted completely and Transactions not completely  periodically posted problems.

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Year End Closing in SAP Asset Accounting

The process described in this article assists you in keeping on top of Critical Factors, such as data consistency, which can involve a considerable amount of time and work during the year-end closing phase in asset accounting. This article takes you through all of the steps necessary for an unproblematic year-end closing, before the critical external audit phase. Read more