Fixed Assets - EBS (MOSC)

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Close Fiscal Year in Fixed Assets

edited Aug 19, 2014 10:53AM in Fixed Assets - EBS (MOSC) 1 commentAnswered ✓

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

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