Fixed Assets - EBS (MOSC)

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Posted Depreciation JEs before closing period

edited Mar 16, 2017 5:15PM in Fixed Assets - EBS (MOSC) 3 commentsAnswered ✓

Oracle Financials version 11.5.10.2

Our normal process flow at month end is:

     1. Run Depreciation

     2. Rollback Depreciation

     3. Run Depreciation (with Close Period checked)

     4. Create and Post journal entries

However, in our haste this month, we skipped steps 2 and 3.  So we have already posted our GL JEs, but did not close the period in FA.  If we rerun depreciation with the Close Period checked, will it double-up the depreciation for the month?  How else can we close the current period since depreciation is already posted?

Thanks,

Ronnie

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