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Back date depreciation to previous financial year

tjirongoa
Explorer
0 Kudos

HI All,

I have a scenario whereby the company would like to back date depreciation.

Scenario:

Asset is capitalized in current financial year. Depreciation for certain periods is posted.

Later they realize that this asset should have been capitalized in the previous financial year. 

The company would then like the system to recalculate and post depreciation in current period.

How can I achieve this?

Accepted Solutions (1)

Accepted Solutions (1)

tjirongoa
Explorer
0 Kudos

Hi,

Is this the only way?

That's how we are currently doing but the auditors seems to have a problem with it.

They have a problem with us entering the Amount to be posted manually.

They prefer the system calculates this automatically.

former_member198650
Active Contributor
0 Kudos

Hi Arafat,


This is the only one way you can post back date depreciation. Convince your auditor it is not possible for automatic posting of the entry.

Regards,

Mukthar

Answers (2)

Answers (2)

Former Member
0 Kudos

Hi,

According to me the depreciation adjustment you can do through executing Unplanned Depreciation using T-Code ABAA. The depreciation will be adjusted accordingly.

Regards,

Malhar.

former_member198650
Active Contributor
0 Kudos

Hi Arafat,

You have to post the back date depreciation as unplanned depreciation by t.code. ABAA in the current period.

Regards,

Mukthar