Close Fiscal Year in Fixed Assets
Hi All:
I ran fixed assets depreciation but did not check the Close Period box on the Run Depreciation window. Upon completion, I ran the next two subsequent reports - Create Accounting and Post Asset Transaction in G/L respectively. At this point, is the fixed assets period closed or can I run the Run Depreciation again and checking the Close Period box in order to officially close the fixed assets depreciation period? Also, if I run the depreciation again, is it going to have any adverse impact on our financial system?
Thanks,
Anil