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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Fixed Asset Year not C...
Microsoft Dynamics GP (Archived)

Fixed Asset Year not Closed - Target Date's Fiscal Year Error

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Posted on by Jim Lines 4

Greetings,

I know there are a few posts out there about this topic (mine from 2012), but I’ve got another question regarding this situation that I couldn’t get answered in my searches.

 

I got the error: “Target Date’s fiscal year may not be greater than the current fiscal year for the selected book.” Which I’ve determined is because the FA Year End has not been performed for 2015 (tested on test server).  However, per the user, they have been able to depreciate 2016 up until this month. What would change to suddenly make this message appear this month and not in previous months? And what happens to the depreciation transactions for 2016?  What happens if I do a YE Close on FA now?

 

Thanks in advance! 

GP2013 SP2 (not R2) 

Jim

*This post is locked for comments

  • Jim Lines Profile Picture
    Jim Lines 4 on at
    RE: Fixed Asset Year not Closed - Target Date's Fiscal Year Error

    Ken,

    Turns out they had not run the close process for 2015.  They ran it and the problem was resolved.  Thanks for your time!

    Jim

  • Ken Hubbard Profile Picture
    Ken Hubbard on at
    RE: Fixed Asset Year not Closed - Target Date's Fiscal Year Error

    Hi Jim,

    This sounds much like they flipped the year setting in the Book setup window. We locked this down in 2013 R2 as you should only adjust this value prior to running depreciation against the book.

    The good news is that, even though this is not the supported method for moving to your next year, if depreciation was run to the end of 2015 prior to using the FA Book Setup window to change the year to 2016, the depreciation should come out as expected for 2016.  Basically stated, if depreciation has been run in 2016 and they have not seen any anomalies, you can flip the year back to 2016 and continue depreciation for the rest of the year.

    My recommendation around this is to lock down access to the Book Setup window (Financial >> Setup >> Fixed Assets >> Book) so that non administrative users cannot access this window and will need to use the Year End Close window to proceed to the next year.

    Thank you,

    Ken Hubbard

    Microsoft Dynamics Support

  • Jim Lines Profile Picture
    Jim Lines 4 on at
    RE: Fixed Asset Year not Closed - Target Date's Fiscal Year Error

    Additionally, since this is a new company database, there was no depreciation in 2015.  I believe that calendar got created when we did a company copy during the new DB setup.  

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