The system will check that depreciations have been run for the last depreciation period of the year to close. If the depreciations for an external depreciation type are not complete, you will not be able to close the year. For an internal type, you will only receive a warning. At closing, the Asset depreciation file will be updated as well as the Actual depr year field in the ASM control file.
Enquiries
- ASM control file – shows you the current accounting year for Asset Management. Here you can see whether the year has been updated or not.