Could anyone suggest me for Month end closing!!!!!!!!!!

What does closing subledger and other ledgers mean in month end closing. I am new , I would appreciate if anyone helps with monthend closing .I will assign you points.Thanks in advance.

Hi,
Go to T.code OB52 there u can see account types as D,K,S,A.
D-Customers
K-vendors
A-Assets
S-general ledger
D,K,A are the subledgers and give the from period and to period so that they will be open for those periods.The above range will be closed.

Similar Messages

Settlement for month-end closing, individual production or sales order

Dear SAP Experts,
Our style is MTO.
In month-end closing, we follow to make a settlement for production orders:
1. CO43   -- Actual overhead calculation (collective processing)
2. KSU5   -- Actual allocations Assessment
3. KSII     -- Actual Price Calculation
4. CON2 -- Revaluation at actual prices (collective processing)
5. KKAO -- WIP calculation (collective processing)
6. CO88 -- Production order settlement (collective processing)
Question:
1. What kind accounts will be effected after above each step?
2. does individual production settlement need step 1-4 in above?
    1. KKAX (Work in Process)
    2. KO88 (Settlement)
    Is those enough?
3. What kind account will be effected after va44 processing?
Any tips will be welcome.
Zhou Zhen

Hi,
The value flow completely different for each of the MTO Scenario.
I need to know what kind of MTO scenario you have.
is it MTO - Valuated Sale Order without Sale Order Controlling
Is it MTO - Valuated Sale Order with Sale Order Controling
is it MTO- Non-valuated Sale Order (Sale Order controlling is mandatory)
based on this the value flows and the transaction that need to be executed will differ.
The way you explained i presume that it could be any of the first two scenarios.
in such case, the value flows are as good as make to stock scenario. Only in the third scenario, the value flow completely changes
For 1. What kind accounts will be effected after above each step?
all the accounts relevant for Make to Stock will get affected. But the the scenario is MTO - Valuated Sale Order with Sale Order Controling, the the variances from production order is settled to Sale order instead of settling to COPA.
For 2. does individual production settlement need step 1-4 in above?
All the steps from 1 to 6 are necessary for any of the above 3 scenarios
For 3. What kind account will be effected after va44 processing?
This is for calculating the overheads on the sale order. in this case, the sale order is a controlling object. once this t.code is executed, you can see the oh being calculated on the sale order
Hope this will give some good isight in to various MTO scenarios
Best Regards
Surya

Month End Closing - Schedule Manager

Hello,
Does anybody know what are the other tools offered by SAP for month end closing?
I am trying to use Schedule Manager (SCMA) but its not letting me define dependencies on "Notes" task. I mean I am trying to add "Notes" task in Schedule Manager for the specific month end tasks which will be performed outside of SAP and user will just checkmark in SCMA.
Any help will be appreciated.
Thanks.

Dear All,
I am still facing below issue.
While creating flow definitions , when I try to attach program I face below issue.
e.g. I want to attach program RK_PEP_WL_SEL_SAL which is in the application CO-PC-OBJ-SALESORD but when I created flow definition I gave application as Controlling , so how to add program in the flow definition which has different application ?
If I try to attach application CO-PC-OBJ-SALESORD in flow definition itself then I cannot add programs in Controlling application .
Kindly help how to add different programs from different application.
Thanks in advance.
Abhishek.

Month-end closing

hi,
After go-live for month end closing, what are the activities to be followed up from SCM/MM view point.
regards
fozters

Hi,
If Back posting is not allowed, you cant post the document in prior to the last month. For example if you closing period for June month, if back post the document in last month, you hve to post in current month only.
If the back posting is allowed then you can post in +/- 1 month to the current month.
I think no specific checking are requried, pls inform the user tht they cant post the document on last month.
Hope its clear.
reg
Durga
*assign points if the info is useful

Month End Closing Procedures in Rep Mfg for PP

Hi..All
wat are all the steps involved in month end closing procedure in Rep. Mfg for PP module....??
plz guide me in this regard.
with regard,
LN

Hi,
From PP side nothing is required.
The month end activities are the responsibility of CO people.
Unlike Production Orders, no need of closing of Pl. orders or some thing like that..
All the month end activities are related to the PCC.
Hope this clarifies..
Regards,
Siva

Navigation for Month End Closings & Some inputs on Monthly closing issues

Hi Experts
Some inputs on Month End Closing and
what type of issues will be come accross during the closing( Mention any ).
Navigation for the Month End Closings

In the case of Inventory: Monthly Accounting Period closure, you need to ensure that there are no unprocessed shipping transactions, uncosted material transactions, pending WIP costing transactionsm etc.. The number of these kinds of transactions should be Zero. For example, if there are any unprocessed shipping transactions which might be stuck/errored out during Interface Trip Stop program run, then you can NOT close the period for that month until you clear these transactions. Check the metalink note, 262979.1 for the same.
Navigation is Inventory > Accounting Close Cycle > Inventory Accounting Periods. Click on the Pending button to see the pending transactions. If there are NO requried resolutions to be done, you can close the INV period for that month.
Regards,
Hemanth

Month end closing question from a DBA

Hi all,
I am a DBA not a functional setup person/Business Analyst; so excuse me if my question is not put in business terms.
We have an 11.5.10.2 that operates in US, Canada, Peru, China and Australia. Each of these have their own Set of Books. When the time comes to do month end closing, our finance people tell all incl our US and other countries branches to stop the following transactions on the system while month end closing is going on:
•     Inventory
o     Pick, pack and ship for SO’s and Internal Req’s
o     Receiving of PO’s, Internal Req’s and OSP
o     Subinventory transfers
o     Consignment consumption
o     Inventory adjustments
•     WIP
o     WIP moves and completions
•     Accounts Receivable
o     Cash applications
o     Invoicing of any shipping activity past cutoff o     Manual invoices and credits
•     Accounts Payable
o     Invoice entry and cancellation
o     Manual or batch payment runs
Question that I have is: how can month end closing be done where each of these countries could freeze these activities for their last day of month when last day of month starts obviously earlier in Australia and China compared to US, Canada and Peru? As of now, they all seem to follow the last day of the month procedure as the US. It takes about 7 hours for the whole process to run.
All comments/suggestions welcome.
Thanks,
Edited by: DBA115102 on Mar 4, 2011 7:14 PM

Hello.
SQL> select p.period_name, ae.event_status_code, p.closing_status, h.AE_HEADER_ID
2 from ap_ae_headers_all h, ap_accounting_events_all ae, gl_period_statuses p
3 where ae.accounting_event_id = h.accounting_event_id
4 and h.period_name = p.period_name
5 and p.application_id = 200
6 and p.closing_status = 'C'
7 and ae.event_status_code = 'CREATED';
no rows selected
SQL>
As you can see, i cannot find similar situation. My database has data since 1998. Perhaps we are using different APPS versions, mine is 11.5.10.2
Octavio

Reversal is only possible after CO month end closing

I am getting the error Reversal is only possible after CO month end closing while doing partial or full confirmation. I had already checked the OKP1 the period is open. Also in MMRV it is fine. Please suggest what could be the reason for this error.
With Regards
Tarun

HI
Yes u are right it is a custom message starting with Z. The message is as below:
Msg.typ Application Area     MsgNo Name of Area of Responsibility Spec.ResAr Number   Numer.
Order        Seq.   OpAc
Message Text
E       Z1                   025                                                  1        1
Reversal is only possible after CO-month end closing !
In detail analysis the only details are
Reversal is only possible after CO-month end closing !
Message no. Z1025
Also when i do the back button the message i am getting is
Error in determining actual costs for order. The detail analysis for the same is
Error in determining actual costs for order 70076492
Message no. RU085
Diagnosis
The actual costs could not be determined correctly due to incorrect or missing data.
System Response
The determination of actual costs is terminated.
However, the confirmation itself can be saved. Error records are written for a subsequent determination of actual costs. Using these error records, the determination of actual costs can be repeated once the original causes of the errors have been removed.
The transaction COFC for reprocessing the determination of actual costs can be found, for example, using the menu options "Logistics -> Production -> Production Control -> Confirmation -> Reprocessing -> Actual Costs."
However, it is not possible to write error records for run schedule headers, QM orders or header confirmations. In this case, the confirmation transaction must be terminated because a subsequent determination of actual costs is not possible.
Procedure
You can find the exact cause of the termination of the determination of actual costs in the error log for actual cost determination.
You can switch the error log on and off using the variable parameters.
With Regards
Tarun
With Regards
Tarun

Month end closing and Year end closing

Hi,
Does anyone have a list of t-codes to be run for month end and year end closing. I want to know what all steps are done for month/year closing.
We are only using FI,CO and MM and no other SAP modules.
Thanks,
Shruti

Hi,
The Month end Activities are as follows
Clearing the open items of vendor, customer
Clearing the suspense account regularly
All the Expenses Including the prepaid expenses have to be booked..
Intercompany Balances Should be Zero
Depreciation Run.
Recuring Entries.
Park documents to be posted(FBVO)
Accural and referal in any differneces.
GR/IR Clearing Transaction (Tcode-F.13)
Bank Reconciliation(Comparing the Company Books and Bank Statements)
Exchange rate to be updated
Revaluation of foreign currencyopen items(F.05)
Order Settlements.
Distribution Cycle
Assesment Cycle(KSU5)
Transfer the Inventory to Profit center(1KEH)
Match GL and PCA(KE5T)
MM period Close and Open (Tcode MMVP)
FI Period Open(Tcode OB52).
CO period Closing
Year End Process
All the Month end Activities should be Carried Out.
Balance Carried Forwarded to next year(F.16)
PCA Balance Carried Forward(2KES).
Carry forward the Vendor,Customer and Asset Balances
(Unless Dep is posted for all the months the assets can not be Closed)
Copy the No Ranges to new year
Open the Next year period(OB52)
I Hope this is Helpful,
Assign the Points.
Regards,
Padma

MONTH END CLOSING ACTIVITY

Dear all
pl, explain few questions
1) What r the month end closing activities done in SAP PP?
2) How do u capture product cost?
3) What is Teco, closing a prod. orderand order settlement?
thanks
Raj

Hi Raj,
1) What r the month end closing activities done in SAP PP?
Wun WIP (KKAX/KKAO) and settlement KO88/CO88. Prior to this carry out TECO for all orders which are technically complete.
2) How do u capture product cost?
Product costing is done using quantity structure generally for production using BoM and routing costs which are basically material and labour costs. The transaction used for this CK11N. The planned cost is captured in the order when you create a prod order. The actual costs are booked to the order when you post the goods issues and perform confirmation. The planned costs for labour are derived based on the activity prices for every activity which are linked to the standard values of the operation. Activity prices are maintained in Co using KP26 transaction.
3) What is Teco, closing a prod. orderand order settlement?
TECO means Technically complete. By setting TECO the order from logistics point is set as complete. The pending reservations are deleted. The prod orders are not considered to deliver goods anymore. So will not appear in your stock/reqmnts. But still you could post goods issues. By Closing the production order you cannot post any document. It is financially closed. The pre-requisite for CLSD status is that the order balance is set to zero. By settling an order it means the order balances if any are brough to zero by posting the balances to relevant GL accounts. To WIP account if still WIP exits or to Material account if it is TECOed or fully delievred.
Hope this helps.
Regards
Ram

Sales doc items with the status CLSD ARE being selected for month-end

We are working to improve month-end processing time for Sales Orders We use SAPKKA12 to set CLSD status on line items
SAP Help states: be sure that the status CLSD (closed) is set for all sales document items that you do not want to include in the period-end closing process. The sales document items with the status CLSD are then not selected for processing in the period-end closing process. Use report program SAPKKA12 to set the status.
This use to work (in 4.0). I have been on other projects and just brought back to this after several years (now in 5.0). Testing today shows that orders with CLSD status are being selected for month-end process.
Any ideas why this is so? System is selceting over 300,000 orders when well over half of them are set to CLSD. I do get a message that the order is not relevant to processing, but selecting the order and logging the message take time. and the logs are VERY long.
thanks

Does any one else have this issue that Sales documents with status CLSD are selected by RA (KKAK)?
In just one of our jobs, i get this Basic List
Perform actual results analysis      31273
Not relevant                                                 103894
Error                                                        2306
Objects Selected                                    137,473
75% of the orders are CLSD. and the system is still counting them. (we do not out put information messages)
I do understand that the orders are not analyzed, but all documentaion states that CLSD status is not selected, and in our 5.0 system, they are selected. In our 4.0 system, they were not selected.
Does this truely work for anyone in a 5.0 system?
Thanks
Althea

Direct Posting of Sales in FI and month end closing

Dear Experts
I learnt that :
Sales Direct Entries may be posted in FI without posting in SD/MM.
Sales entries must always be posted only through SD process. If this is NOT done (for example freight rate received from third party freight forwarders), then only FI people should know how to reconcile and NOT sd people. Hence I recommend posting your query in FI forum after closing this thread.
Regards,
My question is , during month-end closing how should FI or accounting address the above direct posting issues?
Apparently, such practice is not right.
There is no trace of the sales in SD MM. There is no corresponding billing doc in SD MM but found in FI .
How should this situation be handled as best practice?
I am BI person but found this issue with FI data not reconciled with SD MM.
I am not sure how the month-end closing was done when there is such data. Yes, the problem was found AFTER month was closed and I loaded the data to BI.
best regards
Pascal

Dear Sirs
What is the fastest easiest way to find out which FI direct entries were posted without corresponding Sales / Billing documents created ?
Is there any standard report or reports available in oss?
Currently, our other interfacing systems are having problem with data due to direct entries where there is no corresponding Sales / Billing docs posted. This is causing a lot of time investigating what entries caused the reconciliation problem.
Your help would make my life easier.
Thanks!
Regards
Pascal

CO Production Order month end closing and settlement question

We are a utility without PP module. We use CO Production Order to accumulate costs of assembling components (parts and labor) into a material number that we receipt into inventory. We have questions about month end closing process and the settlement of these CO Production Orders when receipts are not complete or labor is not completely entered at month end.
Basically we need to know how other non-manufacturing companies handle the settlement process.

Hi,
The Month end Activities are as follows
Clearing the open items of vendor, customer
Clearing the suspense account regularly
All the Expenses Including the prepaid expenses have to be booked..
Intercompany Balances Should be Zero
Depreciation Run.
Recuring Entries.
Park documents to be posted(FBVO)
Accural and referal in any differneces.
GR/IR Clearing Transaction (Tcode-F.13)
Bank Reconciliation(Comparing the Company Books and Bank Statements)
Exchange rate to be updated
Revaluation of foreign currencyopen items(F.05)
Order Settlements.
Distribution Cycle
Assesment Cycle(KSU5)
Transfer the Inventory to Profit center(1KEH)
Match GL and PCA(KE5T)
MM period Close and Open (Tcode MMVP)
FI Period Open(Tcode OB52).
CO period Closing
Year End Process
All the Month end Activities should be Carried Out.
Balance Carried Forwarded to next year(F.16)
PCA Balance Carried Forward(2KES).
Carry forward the Vendor,Customer and Asset Balances
(Unless Dep is posted for all the months the assets can not be Closed)
Copy the No Ranges to new year
Open the Next year period(OB52)
I Hope this is Helpful,
Assign the Points.
Regards,
Padma

Steps for Period end closing

Hi All,
Can any one please provide me with the actual steps towards Period end Closing and year end closing for Financial Closing.By step I mean steps in order i.e which step will be followed by which one.
This is urgent
Pinee

Hi
http://www.sap-basis-abap.com/fico/sap-fi-month-end-and-year-end-activities.htm
First you will have to close the Posting period in the Materials Management side. To do this use the T.Code MMPV and give the period that needs to be Opened. Once this is done you will not be able to Post any Material Documents in the previous period.
Now at the Financial side you need to open the next period and at the same time you need to close the Previous period. This can be done in T.Code OB52
here is the list for FI/CO year end closing check list:
now i am sending one document with T.codes
CLOSING ACTIVITIES
1 Execute Report for Inter Company Activity & Journal Entries
2 Open posting period for next yr (T.Code: OB52)
3 Run Business Area's Assignment report. (T.Code: F.50)
4 Review list of recurring journal entries (T.Code: FBD3)
5 Execute Recurring Entries for A/R, A/P, G/L (T. Code: F.14)
6 Process Parked A/R, A/P, G/L accounting documents (T.Code: FBV0)
7 Final Cutoff for the Maintenance of Fixed Asset- Add Transfer and Retire (T.Code: ABUMN)
8 Run Depreciation in Test Run and post (T.Code: AFAB)
9 Verify Display Log for Depreciation Test Run (T.Code: AFBP)
10 Capitalize AUC Assets if needed (T.Code: AIAB, AIBU)
11 Enter Payroll Data to SAP (T.Code: CAT2)
12 Verify Depreciation Balances with GL balances (T.Code: ABST2)
13 Post Depreciation (T.Code: AFAB)
14 Execute Asset History Report, and retire assets if needed (T.Code: S_ALR_87011963, ABAVN)
15 Adjust specific depreciation areas if necessary (T.Code: ABCO)
16 Reconcile AM sub ledger with GL (T.Code: ABST2)
17 Check Bank Data (T.Code: S_P99_41000212)
18 Review AR Open Items (T.Code: FBL5N)
19 Review AP Open Items (FBL1N)
20 Execute Pending Invoices(T.Code: MRBP)
21 Clear Open Item for GRIR, freight (T.Code: F.13)
22 Reconciliation of Financial Documents and transactional figures (F.03)
23 Open new CO Posting Period: (T.Code: OKP1)
24 Compare current (cost estimates) with last current price (Moving Avg) (T.Code: OKBH)
25 Update current cost price to material master price field (T.Code: CK11N, CK24)
26 Process Freight charges, Match SD freight to actual (T.Code: V-31)
27 Review Internal Order Postings(T.Code: OKSA)
28 Settle All Orders (T.Code: KO88)
29 Verify All Post Goods Issue have been Invoiced (Billing Due List) (T.Code: VF04)
30 Review SD Billing Doc from prior month that have not yet been released to accounting (T.Code: F.2D)
31 Reconciliation of MM movements in Transit Intra-SAP to Non SAP
32 Reconcile PI Inventory with SAP (T.Code: MI07)
33 Perform Manual Adjustment if needed (T.Code: F-02, FB50)
34 Verify balance of the GR/IR account (T.Code: MB5S)
35 Post Accruals and Deferrals (T.Code: FBS1)
36 Clearing of Cancelled Documents (T.Code: F-03, F-32, F-44)
37 Check Profitability Segment Adjustment (T.Code: KISR)
38 Aging Report-Reconcile GL balances with sub ledger balances AP (T.code: FBL1N, FBL5N, FBL3N)
39 Check the check run numbers (T.Code: FCH1, FCHI)
40 Bank reconciliation Data (T.Code: FF67 & FEBA)
41 Enter Tax Journal Entry (T.Code: FB41)
42 Reconcile GL balances with sub ledger balances AR/MM/AP (T.Code: F.03)
43 Display Balance Sheet Adjustments (T.Code: F.5F)
44 Post Balance Sheet Adjustments (T.Code: F.5E)
45 Post Foreign Currency Valuation (foreign exchange) (T.Code: F.05)
46 Check generic cost centers for posting with wrong accounts
47 Correct wrong postings on generic cost centers
48 Check Validation dates for Cost Centers, Cost Elements, CO area (T.Code: GGB0)
49 Check COGI--for both month end and year end
50 Doubtful receivables (T.Code: F104)
51 Verify In-transit Inventory
52 Reconcile PA to G/L (T.Code: KE5U)
53 Post Cost Center Assessments and Distributions (T.Code: KSU5 & KSV5)
54 Run CO-FI Reconciliation to balance (T.Code: KALC)
55 Run BW reports P&L and Balance Sheet
56 Maintain CO yr variant (T.Code: KCRQ)
57 Fiscal Yr Balance carry forward AP/AR/AM (T.Code: F.07,
58 Fiscal Yr Balance carry forward CO (T.Code: CXS1)
59 Fiscal Yr balance carry forward FI (T.Code: F.16)
60 Fiscal Yr balance carry forward PCA (T.Code: 2KES)
61 Set Document number ranges - FI - new year (T.Code: OBH2, OBA7)
62 Set Document number ranges AP/AR - new year (OBA7)
63 Generate Financial statement Reports (T.Code:OB58) OR (T.Code: FSE2)
64 Change Fiscal Year For Assets (T.Code: AJRW)
65 Year end Closing-- Asset Accounting--final for year end (T.Code: AJAB)
66 Close CO Posting Period : (T.Code: OKP1)
67 Close Prior A/R Posting Period (T.Code: OB52)
68 Close Prior A/P Posting Period (T.Code: OB52)
69 Close Prior MM Posting Period (T.Code: OMSY)
70 Reverse accruals and deferrals for the new month (T.Code: F.81)
71 Reconciliation of Financial Documents from old fiscal year and new fiscal year (T.Code: FNSL)
72 Load Balances, Budget Data for Cost centers, sales
73 Update Retained Earning Account , balance carry fwd (T.Code: F.16)
Month end closing Activities
1. All the expenses including amortization, prepaid expenses, Preliminary expenses and accruals have been booked.
2. Complete Bank Reconciliation (T.Code: FF67)
3. Make sure that Sum of Inter company balances is Zero
4. Suspense Accounts should be cleared regularly.
5. Ensure that all documents related to MM & SD have been entered in system. (T.Code:F-22 & F-43)
6. Ensure that all billing documents are released to accounting.
7. Calculate Overheads on all process Orders (CO43)
8. Technically complete all process orders which are fully processed (CORM).
9. Calculate Variance (KKS1)à (Relevant only if Standard cost is calculated).
10. Settle all process orders which are technically complete (CO88).
11. Close All settled Process Orders
12. Close MM period (Transaction Code: MMPV).
13. Carry out GR/IR clearing (F.13) transaction
14. Depreciation Run (AFAB) has been carried out for the month
15. Close FI Posting period after the month end closing activity is over (T.Code:OB52)
Year end closing Activities:
1. Calculate production work in progress on process orders which are not technically complete. (CO88).
2. Carry out Assessment cycle for Cost Centers.(T.Code: KSUB)
3. All month end closing Activities should be carried out.
4. Carry Forward Balances to next year
(With TC: F.16 we can carry forward the balance to next year.
With TC: OBH2 copy the number ranges to next year
Open next year periods by selecting the Posting Period Variant.
then test by posting the transaction in F-02)
Hope ths helps
Please reward points
Sunil

How to ? - Month end closing

Dear All,
I need to conduct month end closing. My financial periods are defined as months.
What are the steps required to conduct month end closing in B1 ? Is the period closing tool used for this purpose (i am double minded at the moment if it is so...)
Please advice.
CHeers
Gautam

Hi ,
The concept of period end closing is to avoid the confusion and consistency .
Allow me to explain
Once the period is closed ,
1.Users cannot post into the period.
(That means accountant wil know that the number they printed has not been influenced by another user data entry
that will help them to maintain correct data by month )
2.What is the purpose of closing by month
It will give you an idea how organisation is doing by monthly basis .
Lets say if you donot close period , user can enter the transaction in open period.that means you will never be sure and you have to check everyday if somebody post an transaction in earlier period than running period .
I hope that will help

Could anyone suggest me for Month end closing!!!!!!!!!!

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