Month End and Year End Closing OperationsSkip to end of metadata Added by Guest, last edited byJack Wuon Dec 24, 2008(view change) show commentGo to start of metadataMonth EndClosing Operations

ModuleSr. No.Process DescriptionT Code / Menu-pathPeriodicity(D/W/M)Person Responsible / Location

MM1Inventory balanceProgramm ZBILMonthlyLogistic

MM2Inventory RevaluationMR22Logistics > Materials Management > Valuation > Change in Material Price > Change Material PricesMonthlyCorporate Accounts

MM3Physical Inventory Differences-Post , after Physical countingMI07 -Logistics > Materials Management > Physical Inventory > Difference > Post(+ MI01 MI04 )MonthlyDepot/corporate accounts after prior approval from head of finance

MM4PO ClosureME22N -Logistics > Materials Management > Purchasing > Purchase Order > ChangeMonthlyPurchase dept

SD5Check Billing Due List for the last days in the monthVF04 -**Logistics > Sales and Distribution > Billing > Billing Document > Process Billing Due ListMonthlyLogtistics/Sales Admin.

SD6General check of SD billing flows ofGoods Issues without invoicesVL06F -Information Systems > General Report Selection > Sales and Distribution >Shipping > Delivery MonitorMonthlyLogtistics/Sales Admin.

FI7General account manual FI postingsFB50 / KE21NMonthlyCorporate Accounts

SD8Release SD billing to AccountingVFX3 -Logistics > Sales and Distribution > Billing > Billing Document > Blocked Billing DocsMonthlyLogtistics/Sales Admin.

COPA9Reconciliation between CO/FI/SDKEATAccounting > Controlling > Profitability Analysis > Tools > Analyze Value FlowsMonthlyReporting

FI &COPA10Invoicing Regularisation ofdeliveries non invoicedFB50Accounting -> Financial Accounting-> General Ledger -> Document Entry -> FB50 - Enter G/L Account DocumentMonthlyReporting

FI-CO-SD11Ensure Return sale order -credit memo and transfer posting tallyKE24/MB51MonthlySales Admin/Reporting/Accounts

Payroll12Running of payroll interfaceNON STANDARDMonthlyIT/Corporate Accounts

MM13Open next MM PeriodMMPVLogistics > Material Managements > Material Master > Other > Close PeriodMonthlyManual orAutomated back ground job

FI14Open FI Posting PeriodsOB52Accounting -> Financial Accounting-> General Ledger -> Environment -> Current Settings -> S_ALR_87003642 - Open and Close Posting PeriodsMonthlyCorporate Accounts

CO/IM15Settlement of Investment Orders to AUCKO8GAccounting > Controlling > Internal Orders > Period-End Closing > Single Functions > Settlement > KO8G Collective ProcessingMonthlyReporting/Corporate Accounts

CO/IM16Settlement of Investment Orders to Fixed AssetsKO8GAccounting -> Investment Management -> Internal Orders ->Period-End Closing->Single Functions > Settlement > KO8G - Collective ProcessingMonthlyReporting/Corporate Accounts

FI17Depreciation RunAFAB-Accounting -> Financial Accounting-> Fixed Assets -> Periodic Processing -> Depreciation Run -> AFAB - ExecuteMonthlyReporting/Corporate Accounts

FI18Maintain Exchange RatesOB08Accounting -> Financial Accounting-> General Ledger -> Environment -> Current Settings -> S_BCE_68000174 - Enter Translation Ratesinterface MEDECO

FI19Post Accrual / Deferral EntriesFBS1Accounting -> Financial Accounting-> General Ledger -> Periodic Processing -> Closing -> Valuate -> FBS1 - Enter Accrual/Deferral Doc.MonthlyCorporate Accounts

FI20Post Recurring EntriesF.14Accounting -> Financial Accounting-> General Ledger -> Periodic Processing -> Recurring Entries -> F.14 - ExecuteDepends on Nature of entry and target accrual datesCorporate Accounts

FI21Reverse Accrual / Deferral EntriesF.81Accounting -> Financial Accounting-> General Ledger -> Periodic Processing -> Closing -> Valuate -> F.81 - Reverse Accrual/Deferral DocumentMonthlyCorporate Accounts

FI22Receivables and Payables RegroupementsF101Accounting -> Accounts Receivables -> Periodic Processing -> Closing -> Regroup -> F101 - Receivables/payablesMonthlyCorporate Accounts

FI23GR/IR ClearingF.13 Accounting -> Financial Accounting-> General Ledger -> Periodic Processing -> Automatic Clearing -> F.13 - Without Specification of Clearing CurrencyMonthlyCorporate Accounts

FI24Revaluation of Foreign Currency BalancesF.05 Accounting -> Financial Accounting-> General Ledger -> Periodic Processing -> Closing -> Valuate -> F.05 - Foreign Currency ValuationMonthly/WeeklyCorporate Accounts

COCCA25Correction of FI documents for wrong cost centre entriesKB61Accounting > Controlling > Cost Center Accounting > Actual Postings > KB61 Repost Line ItemsWeekly/Monthly

CO26Period close in COOKP1 Accounting > Controlling > Profitability Analysis > Actual Posting > Period End Closing > Transfer Cost Center costs > AssessmentMonthlyReporting

CO-FI27CO-FI RecoS_ALR_87013603Accounting > Controlling > Cost Element Accounting > Information System > Reports for Cost and Revenue Element Acc > Reconciliation > CO/FI Reconciliation in CoCd CurrencyWeekly/MonthlyReporting

COPA28CO - PA assessmentKEU5 Accounting > Controlling > Profitability Analysis > Actual Posting > Period End Closing > Transfer Cost Center costs > AssessmentMonthlyReporting

COPA29Reconciliation between CO - CCA - COPAGR55 ZTL8 Accounting > Controlling > Cost Center Accounting > Information System > Tools > Report Painter > Report Writer > Report GroupZTL8> ExecuteMonthlyReporting

COPA30RES1 Report execution and validationKE30Accounting > Controlling > Profitability Analysis > Information System > Execute ReportD/W/MReporting

FI31Balance Audit TrailS_ALR_87100205 -General Ledger >Periodic Processing > Closing > Document > Balance Audit Trail > All Accounts > S_ALR_87100205 - General Ledger from the Document FileMonthlyCorporate Accounts

FI32Compact JournalS_ALR_87012289Accounting -> Financial Accounting-> General Ledger -> Periodic Processing ->Closing > Report > General Ledger Reports >Document > General >Compact Document JournalMonthlyCorporate Accounts

FI33VAT LiabilityF.38 General Ledger >Periodic Processing > Closing > Report > F.38 - Transfer Deferred TaxMonthlyCorporate Accounts

FI34VAT LiabilityF-32Accounting -> Financial Accounting-> General Ledger -> Document Entry -> F-02 - General PostingMonthlyCorporate Accounts

FI35Analyse GR / IR a/c to crystalise and close the liability in the GR / IR a/c to chase up invoicesFBL3N / F.13(TEST run and without tick " only docs which can be cleared"MonthlyCorporate Accounts

FI34Review and download the p& l and balance sheetS_ALR_87012284 Ledger -Reporting -> Information System -> General Ledger Reports > Balance Sheet/ Profit and Loss Statement / Cash Flow ->General > Actual/Actual Comparisons ->S_ALR_87012284MonthlyCorporate Accounts/Reporting

IM35Investment Management ReportS_ALR_87013019Accounting -> Investment Management -> Internal Orders ->Information System ->Reports for Internal Orders ->More ReportsS_ALR_87013019S_ALR_87012816 , S_ALR_87012824 , S_ALR_87012993 , S_ALR_87012994 :MonthlyReporting

IM36Investment Management ReportAW01NAccounting > Investment Management > Fixed Assets >Asset > AW01N Asset ExplorerD/W/MReporting

YEAR END CLOSING OPERATIONS

ModuleSr. No.Process DescriptionT Code / Menu-pathPreceding DependencySubsequent Process ImpactedPeriodicity(D/W/M)Person Responsible / Location

FI1Open FI Posting PeriodsOB52 Accounting -> Financial Accounting-> General Ledger -> Environment -> Current Settings -> S_ALR_87003642 - Open and Close Posting PeriodsOpen period 13closeNormal periods 1 to 12 initially.OpenSpecial Period 13 , only for non sales accounts ( exclude accounts 7*)Allows all specific en year postingsAnnualCorporate Accounts

FI2End year Manual FI PostingsFB50 Accounting -> Financial Accounting-> General Ledger -> Document Entry -> FB50 - Enter G/L Account DocumentAll specific postings for regularisation involving generation of and FI and non sales imapct-commissions on salesAnnualCorporate Accounts

FI3Fiscal Year Change for Fixed AssetsAJRW Accounting -> Financial Accounting-> Fixed Assets -> Periodic Processing -> AJRW - Fiscal Year ChangeNone1/Calcul evaluation on next period2/Posting to Assets Accounting in next Fiscal Year3/reporting BudgetAnnualCorporate Accounts

FI4Open FI Posting PeriodsOB52 Accounting -> Financial Accounting-> General Ledger -> Environment -> Current Settings -> S_ALR_87003642 - Open and Close Posting PeriodsCloseSpecial Period 13 to 16 to be closed after full & complete finalisation. of trial balance.All processing involving generation of and FI Document not allowed in next posting period.AnnualCorporate Accounts

FI5Fixed Assets Year-End ClosingAJAB Accounting -> Financial Accounting-> Fixed Assets -> Periodic Processing -> Year-End Closing -> AJAB - ExecuteAfter END closing period 13=>Completion of Capitalization Activities and Posting of Final Depreciation Run for the Fiscal Year.Posting to Previous Fiscal Year can not be continued after the year- end closingAnnualCorporate Accounts

FI6Account Reconciliation for Fixed AssetsABST2 Accounting -> Financial Accounting-> Fixed Assets -> Periodic Processing -> Year-End Closing -> ABST2 - Account ReconciliationAfter END closing period 13=>Completion of Capitalisation Activities and Posting of Final Depreciation Run for the Fiscal Year.Rectification of reported errors on account of Capitalisation or depreciationAnnualCorporate Accounts

FI7Vendors & CustomersF.07 Accounting -> Financial Accounting-> Accounts Payable -> Periodic Processing -> Closing -> Carrying Forward -> F.07 - Balance Carry ForwardScrutiny and closing of all Vendor & Customer accountsAnnualCorporate Accounts

FI8Balance Sheet GLF.16 Accounting -> Financial Accounting-> General Ledger -> Periodic Processing -> Closing -> Carrying Forward -> F.16 - Balance Carry ForwardScrutiny and closing of all GL Balance Sheet accountsAnnualCorporate Accounts

FI9P & L ItemsF.16 Accounting -> Financial Accounting-> General Ledger -> Periodic Processing -> Closing -> Carrying Forward -> F.16 - Balance Carry ForwardScrutiny and closing of all GL P & L accountsAnnualCorporate Accounts

CO10Period close in COOKP1Accounting > Controlling > Profitability Analysis > Actual Posting > Period End Closing > Transfer Cost Center costs > AssessmentFI closing done and FI period is closed for last month.CO process and assessment cycle run,RES1 reportingAnnualReporting

CO-IM11Carry forward of open commitments for investmentKOCFAccounting > Controlling >Internal Orders > Year-End Closing > Commitment CarryforwardBudgetory control on investment in next yearAnnualReporting

COCCA12Checking overhead report(before and after assessment run)S_ALR_87013611 , S_ALR_87013634 , S_ALR_87013635 , S_ALR_87013625MIS reporting ????AnnualReporting

FI13Review and download the p& l and balance sheetS_ALR_87012284 Ledger -Reporting -> Information System -> General Ledger Reports > Balance Sheet/ Profit and Loss Statement / Cash Flow ->General > Actual/Actual Comparisons ->S_ALR_87012284Scrutinise & Download P& L and Balance SheetYear endAnnualCorporate Accounts

IM14Investment Management Report_ALR_87013019List: Budget/Actual/Commit:Accounting -> Investment Management -> Internal Orders ->Information System ->Reports for Internal Orders ->More Reports :S_ALR_87012816 , S_ALR_87012824 , S_ALR_87012993 , S_ALR_87012994 :Special FI periodsclosedReportingAnnualReporting