FC revaluation morethan once in month-end

Hi all,
If I run Fc revaln. more than once on the same key date, I would like to know what would be the impact.
Can we do?
I have run f.05 for a customer twice. both the times, system is calculating the difference and posting the same which is not supposed to, as I have not changed exchange rate.
Further, I would like to know whether system updates the customer line items in BSID-BDIFF and BDIF2 with the amount revaluated.
Regards,
AJ

Hi Rajiv,
thank you for the inputs. But, I dont want to do balancesheet preparations as I am using F.05 for month-end reporting.
Eventhough, I have not picked up the reverse posting check box, system is automatically reversing the docuemnt on the next day.
I am revaluating for a customer. I have selected the create postings check box.
for GL revaluations, once the run is carried out on a specific day, it will post the docs and when we try the second time, it will run f.05 but will not show any revaluated amount as there is no difference in the exch. rate eversince last run.
But for a customer, it is recaluating the same difference and posting the same as many no of times as I run f.05 which is not anticipated.
As I run f.05 on a specific day, it should post the documents and it should not post further, even I run f.05 as many no of times as I can.
Regards,
AJ

Similar Messages

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

Conditional inventory value posting once at the end of the month.

Business Scenario : Our client is a service and facility services unit where in 97% of items are expensed at the time of the GR and assigned to cost objects.
However we have a requirement to track the inventory (stock as well value once at the end of month). For e,g we will do perpetual inventory for the whole month and do a stock take at the end of the month and post the value.
Options like UNBW/NLAG/OMS2 materials does not help as the value posting will happen once in a month but stock postings can happen on a daily basis. We are able to expense still take the stock for the materials but not able to post the value after a stock take at the end of the month.
We are fine for any exits and enhancements as long as it does not disturbs standard SAP.
Kindly suggests your idea's and suggestions
Regards
Swagat Panda

Hi,
You need a custom table for storing material issue data and a custom program to run goods issue in the background at month end.
Create a custom table where store man can enter quantity of material issue with material number. Again let store manager check and correct it if anything wrong.Once store manage happy, then you can run automatic custom program ( which you can run only at the month end ) which posts the goods issue in the background taking data from custom table.
Regards,
Biju K

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 started

I 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

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

I can't be the only person who has this problem - when a month ends on a Saturday I can't drag events into the next month and instead have to cut and paste - a real pain in the butt. I thought there was something called "scroll" but I can't find that

I can't be the only person who has this problem with iCal- when a month ends on a Saturday I can't drag events into the next month and instead have to cut and paste - a real pain in the butt. I thought there was something called "scroll" but I can't find that.

Yeah that works, but, it involves a click on the event, a click on edit, a click on the date, keystrokes, plus, since you can't see the next month you have to have a calendar in front of you so as to put it to the right date. It's easier just to cut it and advance the month and paste it, once you are in the right month you can move it around helter skelter willy nilly no problems. Although now that you mention it I will try it, maybe it is easier than cut and paste as I don't really care about the date, as long as it gets moved into the right month I can drag it around all I want.

Delivery Block at PGI level based on GI date and Month end date

Business need a check on delivery processing based on the Planned GI date, Month end date and transit period. This transit period is a custom field and dependent on customer. Also it is not maintained anywhere in system. Business store it in some excel format.
The logic needed is: For any given month, the delivery order MUST be goods issued in the same month, i.e. once the order is delivered, the Post goods issue should ONLY be allowed if and only if , the PLANNED GI date ( as maintained in delivery ) + transit time ( at customer level ), falls within the month end date. If not, a block should be applied at PGI and only authorized personnel should be able to release that block.
Also, there will be no check at invoicing VF01 level. Once the PGI blocked is removed, there will be no check on invoicing. The month end date may vary month to month and need to in combination of Sales Org / Plant as mentioned
In addition, the business need an exception report where the information of releasing the block should appear for release date, user id of the responsible person, time sales order no etc. and it should be downloadable.
We can have a custom table to maintain the month end day in given combination.
But I need your expert inputs as-
1-     Can we add this transit period in at customer master data as it is dependent on customer and there are huge no of customers for the sales unit? If not, then how to maintain it; may be a z table?
2-     Based on this logic, what should the code/logic to be written for block at PGI.
3-     How to control the authority check for removing the block.
4-     The source fields for exception report.
Pls revert accordingly.
Many thanks in advance.

Hello,
Please refere the answers to your questions:
1- Can we add this transit period in at customer master data as it is dependent on customer and there are huge no of customers for the sales unit? If not, then how to maintain it; may be a z table?
You can either use some un-used Feild in Customer Master or maintain a Z-Table. I believe maintaining a Z-Table would be easy as you have huge number of Customers. You can also write a dmall program to Pick the Customer-wise transit dates from a excel file & store in Z-Table.
2- Based on this logic, what should the code/logic to be written for block at PGI.
You have explained the requirement well in your thread, you need to explain the same to your ABAPer & Basis person & they would do the needful.
3- How to control the authority check for removing the block.
Basis person would create & assign a Z-Authorization object which the ABAPer would use in his program.
4- The source fields for exception report.
Once you do the above development, your ABAPer will easily pick the required feild in Report as he has already used all the feilds somewhere in his development.
Hope this helps,
Thanks,
Jignesh Mehta

What are the year end and month end activities carried in FI?

Hi all,
I am new to FI, what is the steps or the activites/process to be carried out during the month end as well as the year end activities for FI.
Can anyone explain me about it and does sap provide any standard documentation on year end / month end activities.
Thanks
Pooja

Hi Pooja,
Please find the details below
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)
SAP FI Month End and Year End Activities
1 - Maintain Activity prices - KP26
2 - Release of Standard Cost Estimate - CK40N
3 - MM period close and open - MMPV
4 - FI period open
5 - Parked documents to be posted - FBV0, MIRO
6 - Reposting of Inter Office CC - KB61
7 - Bank Reconciliation
8 - Update Section Code where missing - J1INPP
9 - Maintain GRIR clearing - F.13
10 - Provision for current month - FB50
11 - Depreciation entry - FB50
12 - Exchange rate - To be Updated
13 - Revaluation of foreign currency open items - F.05
14 - Recognition of Inventory at Bonded warehouse - FB50
15 - Maintain Statistical Key Figures - KB31N/KP46
16 - Variance Calculation of Process Orders - KKS1
17 - Settlement of variances - CO88
18 - Assessment cycles - Aux/WH CC to Main CC - KSU5
19 - Assessment cycles - Functional CC to SBU CC - KSU5
20 - Assessment cycles - SBU CC to COPA - KEU5
21 - Profit Center Reposting - 9KE0
22 - Balance Sheet Adjustment calculation - F.5D
23 - Transfer Profit Center to AR & AP - 1KEK
24 - Transfer Inventory to PCA - 1KEH
25 - Assessment Cycle - Dummy PC to SBU PC - 3KE5
26 - Check for u201CDelivery made, not Invoicedu201D - VF03
27 - Match GL and PCA - KE5T
28 - Match PCA and PA
29 - Top Down Distribution in COPA - KE28
30 - Reclassification of GL balances
31 - Balance Carry forward (Year End Only) - F.16
32 - PCA Balance Carry forward (Year End Only) - 2KES
33 - Transfer to FI - 1KE8
Regards,
JA

Incomplete Process order settlement at Month end.

We have issue with order settlement during the month end. We have process orders that run over the week (thus will run over the month-end), with REL, PCNF, and PDLV status at the month end. Production does not want to close/ TECO those orders, as we are not yet done. But FI wants to settle them for the month end.
1) Can FI settle those REL work orders, as mentioned before?
This is what I found:
2) The standard practice is TECO, is to set before closing the order.
3) You can only perform (business) closing for a process order if (CLSD):
The order has status Released (REL), Control recipe created (CRCR) or Control recipe discarded (CRAB), or Technically completed (TECO). To have status Technically completed, the order must have already reached status Released.
The order balance is 0.
There are no more open purchase requisitions, orders, or commitments for it.
All data related to the process order is available and correct (For example, the inspection lots for the order must be completed).
There are no future change records from the confirmation processes
2) So, if statement 1) is correct, is this correct lifeycle:
A.     Settlement at month end for all orders with REL status.
B.      TECO after settlement, and also after DLV and CNF status.
C.      Close after TECO.
Upload in your comments, if there is any link.
Thanks, points will be rewarded.

Hi Abi,
Since the Process order is in uncompleted stage and partially delivered to stock, still it has WIP to be delivered to stock.
Calculate the WIP value & settle the order in Month end.
Prerequisite for WIP calculation is order should has REL status.
In month end for Uncompleted order , calculate WIP value & settle the Order.
General steps for month end practice:
Over head calculation
WIP calculation
Variance calculation - Once the Order receives - DLV /TECO status.
Order settlement.
Order closing
Regards
Pradeep

Month end processes

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

Month End Activity

Hi All,
What are the month end activities in FICO ?
Thanx
Andy

Hi,
. 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)
SAP FI Month End and Year End Activities
1 - Maintain Activity prices - KP26
2 - Release of Standard Cost Estimate - CK40N
3 - MM period close and open - MMPV
4 - FI period open
5 - Parked documents to be posted - FBV0, MIRO
6 - Reposting of Inter Office CC - KB61
7 - Bank Reconciliation
8 - Update Section Code where missing - J1INPP
9 - Maintain GRIR clearing - F.13
10 - Provision for current month - FB50
11 - Depreciation entry - FB50
12 - Exchange rate - To be Updated
13 - Revaluation of foreign currency open items - F.05
14 - Recognition of Inventory at Bonded warehouse - FB50
15 - Maintain Statistical Key Figures - KB31N/KP46
16 - Variance Calculation of Process Orders - KKS1
17 - Settlement of variances - CO88
18 - Assessment cycles - Aux/WH CC to Main CC - KSU5
19 - Assessment cycles - Functional CC to SBU CC - KSU5
20 - Assessment cycles - SBU CC to COPA - KEU5
21 - Profit Center Reposting - 9KE0
22 - Balance Sheet Adjustment calculation - F.5D
23 - Transfer Profit Center to AR & AP - 1KEK
24 - Transfer Inventory to PCA - 1KEH
25 - Assessment Cycle - Dummy PC to SBU PC - 3KE5
26 - Check for u201CDelivery made, not Invoicedu201D - VF03
27 - Match GL and PCA - KE5T
28 - Match PCA and PA
29 - Top Down Distribution in COPA - KE28
30 - Reclassification of GL balances
31 - Balance Carry forward (Year End Only) - F.16
32 - PCA Balance Carry forward (Year End Only) - 2KES
33 - Transfer to FI - 1KE8
Thanks
Prasada

Month end provision entries

hi all,
how to generate Month end provision entries.
pls give one example .
regards,
supriya thodimela.

hi Supriya,
1. Process Depreciation Run
Accounting -> Financial accounting -> Fixed assets -> Periodic processing -> Depreciation run -> Execute - AFAB
2. Process Investment Grant
Accounting -> Financial accounting -> Fixed assets -> Periodic processing -> Investment grant - AR11
3. Process Revaluation
Accounting -> Financial accounting -> Fixed assets -> Periodic processing -> Revaluation for the balance sheet -> Post revaluation - AR29
4. AA Fiscal Year Change
Accounting -> Financial accounting -> Fixed assets -> Periodic processing -> Fiscal year change - AJRW
5. AA Fiscal Year Close Account Reconciliation
Accounting -> Financial accounting -> Fixed assets -> Periodic processing -> Year-end closing -> Account reconciliation - ABST2
6. AA Fiscal Year Close
Accounting -> Financial accounting -> Fixed assets -> Periodic processing -> Year-end closing -> Execute - AJAB
7. Produce Asset History Sheet
Accounting -> Financial accounting -> Fixed assets -> Info system -> Reports on Asset Accounting -> Balance Sheet Explanations -> International -> Asset History Sheet
or
Accounting -> Financial accounting -> Fixed assets -> Info system -> Reports on Asset Accounting -> Balance Sheet Explanations -> Country Specifics - various
8. Produce GR/IR Balance Report
Logistics -> Materials Management -> Inventory Management -> Environment -> Balances Display -> List of GR/IR Bals. - MB5S
9. Maintain GR/IR Clearing Account
Logistics -> Materials Management -> Invoice Verification -> Invoice Verification -> Further processing -> Maintain GR/IR acct - MR11
10. Material Revaluations Price Changes (manual)
Logistics -> Materials Management -> Valuation -> Valuation -> Price Determination -> Change price - MR21
11. Material Revaluations Debit/Credit Material
Logistics -> Materials Management -> Valuation -> Valuation -> Price Determination -> Debit/cred. material - MR22
12. Product Costing Material Price Change
Accounting -> Controlling -> Product Cost Controlling -> Product Cost Planning -> Material Costing -> Price Update - CK24
13. Material Ledger Closing
Logistics -> Materials Management -> Valuation -> Actual Costing/Material Ledger -> Periodic material valuation -> Post closing - CKMI
14. Materials Management Closing
Logistics -> Materials Management -> Material Master -> Other -> Close period - MMPV
15. Materials Management Closing Control Posting to Prior Period
Logistics -> Materials Management -> Material Master -> Other -> Allow posting to previous period - MMRV
16. Lowest Value Determination Market Prices
Logistics -> Materials Management -> Valuation -> Valuation -> Bal. sheet valuation -> Determ. lowest values -> Market prices - MRN0
17. Lowest Value Determination Range of Coverage
Logistics -> Materials Management -> Valuation -> Valuation -> Bal. sheet valuation -> Determ. lowest values -> Range of coverage - MRN1
18. Lowest Value Determination Movement Rate
Logistics -> Materials Management -> Valuation -> Valuation -> Bal. sheet valuation -> Determ. lowest values -> Movement rate - MRN2
19. Lowest Value Determination Loss-Free Valuation
Logistics -> Materials Management -> Valuation -> Valuation -> Bal. sheet valuation -> Determ. lowest values -> Loss-free valuation - MRN3
20. LIFO Valuation
Logistics -> Materials Management -> Valuation -> Valuation -> Bal. sheet valuation -> LIFO Valuation - Various
21. FIFO Valuation
Logistics -> Materials Management -> Valuation -> Valuation -> Bal. sheet valuation -> FIFO Valuation - Various
22. Physical Inventory Processing
Logistics -> Materials Management -> Physical Inventory - Various
23. Analyze GR/IR Clearing Accounts and Display Acquisition Tax
Accounting -> Financial accounting -> General ledger -> Periodic processing -> Closing -> Regroup -> GR/IR clearing - F.19
24. Define Adjustment Accounts for GR/IR Clearing
IMG -> Financial Accounting -> General Ledger Accounting -> Business Transactions -> Closing -> Regrouping -> Define Adjustment Accounts for GR/IR Clearing - OBYP
25. Print Balance Confirmation
Accounting -> Financial accounting -> A/P or A/R -> Periodic processing -> Closing -> Check/count -> Balance confirmation: Print
or
Accounting -> Financial accounting -> A/P or A/R -> Periodic processing -> Print correspondence -> Balance confirmation -> Print letters - F.17
26. Configure Balance Confirmation
Accounting -> Financial accounting -> A/P or A/R -> Periodic processing -> Closing -> Check/count ->
or
Accounting -> Financial accounting -> A/P or A/R -> Periodic processing -> Print correspondence -> Balance confirmation - F.1B, F.1A
27. Post Individual Value Adjustment
Accounting -> Financial accounting -> Accounts receivable -> Document entry -> Other -> Intern. trans. posting -> Without clearing - F-21
28. Define Account Determination for Flat-Rate Individual Value Adjustment
IMG -> Financial Accounting -> Accounts Receivable and Accounts Payable -> Business Transactions -> Closing -> Valuate -> Valuations -> Define Accounts OBB0
29. Configure Flat-Rate Individual Value Adjustment
IMG -> Financial Accounting -> Accounts Receivable and Accounts Payable -> Business Transactions -> Closing -> Valuate -> Valuations -> SPRO
30. Calculate Flat-Rate Individual Value Adjustment
Accounting -> Financial accounting -> Accounts receivable -> Periodic processing -> Closing -> Valuate -> Further valuations - F107
31. Writing-Off Doubtful Receivables
Accounting -> Financial accounting -> Accounts receivable -> Document entry -> Other -> Intern. trans. psting -> With clearing - F-30
32. Customizing Exchange Rates
IMG -> General Settings -> Currencies - Various
33. Maintaining Exchange Rates
Accounting -> Financial accounting -> General ledger -> Environment -> Current settings -> Enter exchange rates - OB08
34. Customizing Valuation Methods
IMG -> Financial Accounting -> General Ledger Accounting -> Business Transactions -> Closing -> Valuating -> Foreign Currency Valuation -> Define Valuation Methods - OB59
35. Foreign Currency Open Item Valuation
Accounting -> Financial accounting -> General ledger -> Periodic processing -> Closing>>Valuate -> Valuation of Open Items in Foreign Currency - F.05
36. Account Determination for Exchange Rate Differences
IMG -> Financial Accounting -> General Ledger Accounting -> Business Transactions -> Closing -> Valuating -> Foreign Currency Valuation -> Prepare automatic postings for foreign currency valuation - OBA1
37. Regroup Receivables and Payables
Accounting -> Financial accounting -> A/P or A/R -> Periodic processing -> Closing -> Regroup -> Receivables/ Payables - F101
38. Account Determination for Regrouping Receivables and Payables
IMG -> Financial Accounting -> Accounts Receivable and Accounts Payable -> Business Transactions -> Closing -> Regrouping - OBBV, OBBW, OBBX
39. Revalue Foreign Currency G/L Account Balances
Accounting -> Financial accounting -> General ledger -> Periodic processing -> Closing -> Valuate -> Foreign Currency Valuation of Inventory - F.06
40. Posting Accruals/Deferrals
Accounting -> Financial accounting -> General ledger -> Periodic processing -> Closing -> Valuate -> Enter Accrual/Deferral Doc. - FBS1
41. Posting Accrual/Deferral Reversal
Accounting -> Financial accounting -> General ledger -> Periodic processing -> Closing -> Valuate -> Reverse Accrual/Deferral Document - F.81
42. Generate Recurring Entry Posting
Accounting -> Financial accounting -> General ledger -> Periodic processing -> Recurring Entries -> Execute - F.14
REgards
assign the points
Ranjit

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

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

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

FC revaluation morethan once in month-end

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