Daily doing month end process
Hi
Is that ok to do the month end process ( WIP calcualation / Variance calculation and settlement ) settlement daily. ( Is there any impact to FI )
Pls help
Hi,
Yes. You can do daily settlement on today's posting date for the Production orders which are technically complete or fully delivered for each day. This will not have any impact on Finance. There shall be no extra entries and no data inconsistencies, etc as you fear.
Trust this helps much!
Cheers!
Similar Messages
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WM-Implem -Physical inventory and Month end process- Need configuration
Hi
Iam doing WM implementation, i need to know what are the configuration required for Physical inventory and
Month end process .
kindly suggest me
With Regards
dinesh
Edited by: code acess on Dec 7, 2011 7:55 AM
Moderator message:
Locked. Reason: basic question
Please search before posting question.
Edited by: Csaba Szommer on Dec 7, 2011 8:27 AMHi
There is no standard settings for your requirement. With a help of abaper you need to define an enhancement.
Regards
Antony -
hello ,
can somebody kindly lists some generic month end processed for fi and co , we are not using ex.rates now.
thnaks very much.Hello,
1. Recurring Documents.
a) Create Recurring documents
b) Create Batch Input for Posting Recurring Documents
c) Run the Batch Input Session
2. Posting Accruals or Provisions entries at month end
3. Managing the GR/IR Account-Run the GR/Ir Automatic Clearing
4. Foreign Currency Open Item Revaluation-Revalue Open Items in AR.AP
5. Maintain Exchange Rates
6. Run Balance Sheets Run Financial Statement Version
7. Reclassify Payables and Receivables if necessary
8. Run the Depreciation Calculation
9. Fiscal Year Change of Asset Accounting if it is year end
10. Run the Bank Reconciliation
11. Open Next Accounting Period
Check out the following link
http://www.sap-img.com/financial/check-list-for-fi-year-end-closing.htm
Assign points if useful
regards
Genie -
Hi,
Could anyone please explain briefly about the MM Month end Process.
Very Urgent!!!!!!!!11
Reg,
AshokHi
In order to complete month end process we need to close MM period
following are some trnx which we use for month end closing process
MMRV:You can see which period is open in MMRV and sed to open back period posting for one period.example, if ur period open 12th(december), You can posting in 11th (November) by allowaing back posting.
MMPV : is used to closed Old period which in turn open new period ( i.e If u close dec period it will open Jan period as current period and Dec will become Previous period)
All above are related to MM module
In similar way FI peoples also close or open new periods
also read following for more info
http://help.sap.com/saphelp_nw04/helpdata/en/50/dc9e10122211d3a54fdfb7b31fd578/frameset.htm
Vishal... -
Required Month end process in MTS
Dear All,
Plz. explain me the details for Month end process in Make to Stock (Repititive Manufacturing)
OH Calculation
WIP Calculation
Variance Calculation
Settlement what is entries system will pass and how the system is picking the G/L account or Cost centers
and i have few more doubts life what is the use of
What is PCC
What is Production Version
What is Mixed price costing
What is Preliminary costing
What is Failure Cost how to post and how to analize.
Plz. dont send me any links i already go through it.
Regards
Radha
Edited by: Radha Yandrapu on Sep 15, 2010 10:28 AM
Edited by: Radha Yandrapu on Sep 16, 2010 3:27 AM
Plz. dont send me any links i already go through it.
Moderator: Apparently, not enough, if you are asking about basic conceptsHi,
Month end process for MTS using Product cost collectors:
In repetitive manufacturing we do the perios end closing for the material.(Product cost collector created for a material). all the costs are collected on the PCC instead of the individual production order.Pls follow the following month end process in rep manufacturing for individual processing.
Overhead calculation- Co42
WIP Calculation- KKAS
Variance Calc-KKS6
Settlement- KK87
The system will pick the GLs for wip and variance settlement based on the assignment we maintain in customising for Line IDs, Assignment and Update in the period end closing activities in SPRO.
PCC- it is a Product cost collector created using a production version, BOM, Routing for the material.
Production version- it is created using either Bom and routing or Plant material combination.
Mixed costing- it is a cost estimate created for a material using various procurement alternatives(based on equivalance nos).
Preliminary costing- it denotes the planned values for a cost object created like production order or product cost collector based on the quantity structure in PP module.
Hope this helps you.
Regards,
Vishnu.
VST IT Projects. -
Settlement of the month end process order KKS1 & C088
Hello all ,
we are trying to settle the variance & upadte WIP for the month end but facing some problems.
When try to Run KKS1 getting the errors for some ordera as
Only remaining var. in version 0 - no target costs for 000001003928.
Should we just ignore these errors & proceed with the settlement which is using Txn CO88.
Also if I run the CO88,I hope it just updates the WIP account so whether there is any high risk of running this transaction.
Any documentaion on CO88 will be helpful & also if you can explain what is reasons for the errors on KKS1 then it will be quite helpful .
Thanks,
AGHello All ,
One more question . I have done the variance calculation for my process order via KKS2 but when I run CO88 it does not settle this order . Not sure what is the criteria for order not considered for the settlement.
Order already has the delivered & Techoed status.
Thanks,
AG -
Getting Error while doing month end provisions using FS00
Hi Guru,
please suggest.
while making month end provisions for salraies by using t code FS00 geeting error that Account XXXXX does not exist in company code level
please help me on reslove this.
Rgds..SureshHello Suresh,
The GL Account does not exist for that Company code. Hence extend the GL Account to the Company Code by using Copy with template in FS00.
Regards
Kalpana -
Should IT be doing month end close procedures for accounting?
This was not something that I was made aware of when hired. We have our own accounting, purchasing, sales, CSR, Operations departments. Most of those folks have been here 5-20 years. The one lady who used to do these procedures wouldn't ever teach anyone in accounting to do it. She barley let them run a report without her having to click the button. It is a huge control issue. I have since come in to replace her. She has been with this company for 30+ years and has basically put all this on herself to make her seem important while becoming a huge hurdle to the rest of the business. She basically does all or the purchasing(contract, special pricing, etc) and then for some reason decided to take it upon herself to do accountings job and never taught the correct people how to correctly do their jobs. She also claimed to be the IT person....
Once a month I am asked to come in on the weekend and close the monthly books for accounting as well as perform all other month end close procedures, reports, billings etc. The company I work for has 4 people in the accounting department and I am the sole IT person. No one in accounting ever comes in to do this procedure. It is just put onto IT once a month. This is so far out of my normal realm and have never been asked to do this at any other company that I have worked for in the past 25 years. I can take a server apart and put it back together blindfolded, I can code in over a dozen languages, etc., but honestly I feel lost when it comes to accounting. My brain just doesn't work that way. If things go wrong I don't even begin to know what to ask as far as what I'm even doing to be able to fix an issue or problem. This just doesn't...
This topic first appeared in the Spiceworks Community -
Forex Month End Process, Need Steps
Gurus,
Need steps for FOREX valuation on month end.
Kindly, please.
Thanks.Hi
T-code FAGL_FC_VAL
BR Tarik
read the SAP help:
Foreign Currency Valuation Locate the document in its SAP Library structure
Use
To create your financial statements, you have to perform a foreign currency valuation. This valuation covers the following accounts and items:
Foreign currency balance sheet accounts, that is, the G/L accounts that you run in foreign currency.
The balances of the G/L accounts that are not managed on an open item basis are valuated in foreign currency.
● Open items that were posted in foreign currency.
Open items that are open on the key date are valuated in foreign currency.
You have the following options for the foreign currency valuation:
● You can perform the valuation in local currency, (company code currency), or a parallel currency (for example, group currency).
You can also use different valuation methods (for example, lowest value principle).
If you translate additional currencies from the local currency, foreign currency valuation automatically performs a currency translation according to FASB 52 (US GAAP).
Caution
You can only perform a valuation run once for each valuation area for a specific key date.
Prerequisites
You have made the following settings in Customizing:
● You have defined exchange rates.
For more information, see Exchange Rates.
You have made the settings in Customizing for new General Ledger Accounting under Financial Accounting (New) ® General Ledger Accounting (New) ® Periodic Processing ® Valuate.
● Define Valuation Methods
You have defined a valuation method here.
● Define Valuation Areas
Here, you have defined a valuation area and assigned a valuation method to it.
● Assign Valuation Areas and Accounting Principles
If you are using parallel ledgers, you have assigned to the valuation area an accounting principle that is also assigned to a ledger group.
The exchange rate differences from the parallel valuation are posted in this valuation area. If you perform a parallel valuation with a different valuation method to the first valuation, you do not have to reverse the postings from the first valuation. This information is then available for subsequent closing operations, for example, Transferring and Sorting Receivables and Payables
● Foreign Currency Valuation ® Prepare Automatic Postings for Foreign Currency Valuation.
Here, you have defined the expense and revenue accounts for exchange rate differences from valuations. For payables and receivables accounts you must also define the financial statements adjustment accounts.
Features
The program Foreign Currency Valuation (New) comprises the following functions:
Valuation of foreign currency balance sheet accounts
Valuation of open items in foreign currencies
● Saving the exchange rate differences determined from the valuation per document
● Posting account assignments in valuation documents:
If you use document splitting, the valuation documents are posted with the account assignments that you have defined as document splitting characteristics in Customizing.
○ For balance valuation, you can define additional account assignment characteristics. These characteristics are always updated (even if you do not use document splitting). You define the additional account assignment characteristics in Customizing for foreign currency valuation under Define Additional Account Assignments for Balance Valuation. For more information, see the documentation on this IMG activity.
● Performing the adjustment postings required
Note
The following topics describe how to perform foreign currency valuation using the reports, and how to post valuation differences. You can also make this posting manually. From the SAP Easy Access screen, choose Accounting ® Financial Accounting ® General Ledger ® Document Entry ® Valuate Foreign Currency.
Activities
To perform a foreign currency valuation, from the SAP Easy Access screen, choose Accounting ® Financial Accounting ® General Ledger/Accounts Receivable/Accounts Payable ® Periodic Processing ® Closing ® Valuate ® Foreign Currency Valuation (New). -
New GL ...month end processes.....
If I make the PCA as balancing segment, will the month end open item revaluation will be posted by PCA also?
Will the BCF will be executed by PCA also?
If One company code is mapped to one PCA (which is balancing segemnt), what the month end posting willnot be done by PCA?
Any inputs is appreciated.hi maddi,
Pls check inthe Tcode F.97 for all GL accounts
F.98 for the Vendors
F.99 for the Customer
enter the Tcode and drill down each and every line item u can find it and it is very usefulll ...
Hope this helps u and assign the points if helpfull
Ranjit -
Bridge CS6 bug: closing Bridge does NOT end process
Bridge does NOT started at boot.
Windows 7 -64 (all current updates).
Photoshop CS6 13.0 extended
Bridge 5.0.0 399x64
After closing Bridge by clicking on the Close X or file/exit, the process 'bridge.exe' does not terminate and therefore thereafter trying to restart bridge fails.
Have to open up Task Manager, kill the bridge.exe process, in order to restart bridge.
The bug is so variable that just when it appears repeatable, something changes.
Any idea of what to look for?This is NOT TRUE. "FYI: In Windows, to exit a program/application, clicking the Close button in the upper-right corner of the program window is the same as using the File menu, and click Exit."
If you click the red X you close the window and force close of the program. Any changes you made to program will not be saved if you have the option "start Bridge at login" checked. If you click File>Exit the program will go through the procedure to normally close down, and any changes you made will be saved.
I tried to follow your steps but was confused on steps 3,4,5,8,10.
I used 1,2,3,7,9,11. Bridge was closed. Perhaps with all your "browse to bridge you are opening multiple copies?
Hey, how about trying and commenting on my problem with the Find function in CS6? http://forums.adobe.com/thread/1007726?tstart=0 -
Automate month-end process using BDC OB52
Hello All,
Did anyone work for FI period open/Close automation? OB52 is used for opening and closing of FI posting periods. Did anyone write a BDC for transaction OB52.
Thanks in advance
PavanNo, but it seems fairly straightforward. Could you be more specific about what you're looking for?
Rob -
Reverse Revaluation Process after month end
Hi All,
I want to ask is it a common practice to reverse the revaluation postings done by FAGL_FC_VAL after the month end process? If so, that means the revaluation process is just giving us a better estimate of the outstanding AR and AP amount in the balance sheet to make it more accurate. Is this correct?
Thanks.Hi,
Foreign Currency Valuation is needed for all open items (G/L, A/R and A/P) as per different Accounting Standards so that Balance Sheet of the entity displays correct Profit or Loss for the period.
However since the items are still open its advisable to reverse the valuation on the 1st day of the next period. That's why in FAGL_FC_VAL, system would posts to Unrealized Exch Gain /Loss Account.
There is an exception though to the Account with balance in Foreign Currency like Main Bank Account. In this case the difference in Foreign Currency needs to be posted to Exch Gain / Loss Realized Account.
Once the item gets cleared automatically system posts to Exch Gain / Loss Realized Account.
Regards,
Sanjay -
How I can auto approve pending workflow process, once month end proces
I have created workflow process for timesheet approval.
I want to auto approve all pending timesheet (i.e (default notification timeout is 7 days) notification send to approver, but still not approved) in Oracle workflow Process, when Month end process started
Month end process will initiate a flag in pending timesheet header table with process startedI am not sure if I understand your requirements completely.
1) If your requirement is that all the pending timsheets have to be approved by month-end (not really when month-end process starts) then set the Timeout of the notification to Absolute Time of end of that month... so that by the end of the month the background engine will pick it up.
You may design the approval notification within a Sub-process with RESULT attribute of Approve / Reject. Design a Timeout transition for the Notification Activity within the sub-process that will go to an END activity that has Approve result. Thus once the notification times out, the sub-process will complete with result APPROVED.
2) One other way is to respond to OPEN notifications using APIs.
WF_NOTIFICATION.SetAttrText(nid, 'RESPOND', 'APPROVED');
WF_NOTIFICATION.Respond(nid);
You should have queried up all OPEN notifications for Timesheet approval and do this in a loop... which could be time-consuming sometimes.
Thanks -
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.
thanksDoes 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
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