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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Target Date’s fiscal y...
Microsoft Dynamics GP (Archived)

Target Date’s fiscal year may not be greater than the current fiscal year for the selected book.

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Posted on by Jim Lines 4

I’ve searched posts for this, but couldn’t find the exact scenario that I am encountering.

Client is running GP 10.00.1634

Their fiscal year is 8/1/2012 – 7/31/2012, so they in FY2013.  When they run depreciation for the first month of the year (August), they get the error: “Target Date’s fiscal year may not be greater than the current fiscal year for the selected book.”  When I look into the book setup, the fiscal year is set at 2012.  When I    query FA40200, both of the year fields are set at 2012 (CURRFISCALYR, YEAR1). 

To troubleshoot, I restored a copy of production over test and changed the fiscal year in the Asset Book (they just have one) to 2013.  Then, I had the client re-run the depreciation hoping this would resolve the problem, the result was a 235 page FA Posting to General Ledger that appears to have depreciated every asset for every period.  However, no error. 

Just now I noticed that 2012 Financials have not been closed.  Could that be the problem?  More or less, I am not sure where to start looking in order to get a solutions.

Any help is greatly appreciated!

Thanks.
Jim

 

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  • Verified answer
    Frank Hamelly | MVP, MCP, CSA Profile Picture
    Frank Hamelly | MVP... 46,625 Super User 2025 Season 2 on at

    The Financial Year not being closed would not have any impact but have they (you) performed the Year End Routine on Fixed Assets or have you just been changing the current fiscal year in the Book Setup window?

  • Verified answer
    L Vail Profile Picture
    L Vail 65,271 on at

    In addition to Frank's selection, make sure Fixed assets wasn't closed twice. Do you have your FA running on fiscal year? If so, wouldn't the current year be 2013?

  • Jim Lines Profile Picture
    Jim Lines 4 on at

    Thanks for your responses (I just discovered my alerts were going to junk mail...).  Thanks Leslie and Frank!  The FA weren't closed twice.  I did verify that one.  Once we setup 2013 in the asset calendar and set that to the current fiscal year, then ran caclulate, the client was able to run depreciation without a problem.  

    Jim

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