Hello All,
When Balance carry-forward run is executed, In some cases, system raise the Error message : The balance carry forward is not possible. Execute Depreciation under Fixed Assets.
While performing the Balance Carry forward, System triggers the check to verify if the depreciation run has been performed for the fiscal year to be carried forward. It is likely that some assets still need to be depreciated in the year you are trying to close period 12 or the full fiscal year itself.
Fixed assets should be depreciated for all the valuation views of all the set of books assigned to the company for which you want to close the period 12 or the Fiscal year. In other words the posted depreciation amount should equal the planned depreciation for all the valuation views of all the set of books assigned to the company for which you want to close the period 12 or the fiscal year.
To check if any depreciation (irrespective of the valuation views) has been missed in the fiscal year you want to close period 12 of the fiscal year itself.
1) You can run the Depreciation report available in the Fixed Asset work center to compare the Planned Depreciation and the Posted Depreciation.
If you notice a difference between the posted depreciation amount and the planned depreciation amount in the Depreciation report, a Depreciation run has to be performed in update mode to post the initially missing depreciation.
Optionally you can drill down to know which assets have not been depreciated by adding the Fixed Asset field from the Not Currently Shown area.If there is no difference between the posted depreciation and planned depreciation then possible reasons behind the error message is that Depreciation status is not refreshed for some fixed assets.In such case, you need to run a depreciation recalculation for all fixed assets. However before you do it, you need to close all the periods for the year which you want to run balance carry forward for but except period 12.
With such run, the depreciation status of all fixed assets will be refreshed. Then you should be able to perform Balance carry forward.
In case the error persists after following the details mentioned here, please report incident to us for further investigations.
Regards,
Harshal
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