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What is stopping me from running the Close process?

When I ran the "Test Current Period" in the Close Fixed Assets Accounting Period screen, the system displayed a message informing me that there were unposted depreciation records and the close could not complete until they were posted. I then tried to print and process the Post Fixed Assets Journal, but there were no records found.

The Close is probably stopping because there is an Inactive asset record with a value other than zero in the Current Pd Depreciation field on the G/L Book Info tab of the Manage Asset Master Information screen (or in the corresponding field on the Manage Asset General Ledger Book Information screen). The Period Close Test compares the Current Pd Depreciation field with the Amount Posted Curr Pd field and, when they do not match, the test fails.

The system validates manually entered Asset Master records that do not allow you to save an Inactive record if a value exists in the Current Pd Depreciation field. If your Asset Master data was populated as a result of a conversion or import process, however, this validation will not take place.

You can view assets with Current Pd Depreciation that are Inactive on the Asset Master Info Global Changes screen. Simply execute a Query with the Record Status equal to Inactive and the G/L Book Current Pd Depreciation “Not equal to” 0.

You can use Costpoint Enterprise Reporting to view the Current Pd Depreciation field for all Inactive records. If any values exist for inactive records, zero out each value in the Current Pd Depreciation field or change the status to Active and post the depreciation, if desired.