Financial Closing for Peru

Does anybody knows how to perform an entire financial closing fullfilling legal requirements for Peru, using standard SAP transactions?
Thanks,

I would like to seek for your advice as below question/problem.
a) User now is doing the year end closing. Normally the closing is up to the period 12 and for the purpose of track the adjustments made by the management and auditors user post to period 13 2008 from the pervious financial year. Our concern is when perform the GL Balance carry forward to new fiscal year which is 2009 does the system carry forward the GL adjustment figure from period 13 to the new fiscal year on top of that when we perform the GL balance carry forward to new fiscal year 2009 and later on find out there is an audit adjustment that need to done and user post in the period 13 fiscal year 2008 can the adjustment auto post to the new fiscal year?
b) Can we change the Rec account in the vendor master as currently user need to change the vendor from difference Rec account which from joint venture to subsidiary account code? If involve the SPRO configuration how where should we configure? After we change the configuration does all the posting from one Rec account subsidiary will auto post to another Rec account Joint venture?
Kindly advice.

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Financial closing for SAP R3

Hi,
a)Would like to seek for the step to perform financial year closing and the prerequiste thing need to perform before financial year closing? kindly provide link reference for the documentation.
b)Does SAP R3 perform the financial year closing in GL have to close fix asset module first follow by inventory module, AP module,AR module?
C) If yes how to perform the closing for AP,AR,GL,MM,IM?
e) does SAP R3 have soft closing before perform hard closing?
Many thanks

I would like to seek for your advice as below question/problem.
a) User now is doing the year end closing. Normally the closing is up to the period 12 and for the purpose of track the adjustments made by the management and auditors user post to period 13 2008 from the pervious financial year. Our concern is when perform the GL Balance carry forward to new fiscal year which is 2009 does the system carry forward the GL adjustment figure from period 13 to the new fiscal year on top of that when we perform the GL balance carry forward to new fiscal year 2009 and later on find out there is an audit adjustment that need to done and user post in the period 13 fiscal year 2008 can the adjustment auto post to the new fiscal year?
b) Can we change the Rec account in the vendor master as currently user need to change the vendor from difference Rec account which from joint venture to subsidiary account code? If involve the SPRO configuration how where should we configure? After we change the configuration does all the posting from one Rec account subsidiary will auto post to another Rec account Joint venture?
Kindly advice.

Steps for Financial Closing in SAP

Hello ,
I would like to know the steps to carry the financial closing in SAP , or may somebody have a manual to let me.
I would like to know also the steps for assets closing.
Some help would be very useful for me.
Thank you very much.

For now I will give you the guide on asset accounting closing. If I find the time later, I will add FI. For asset accounting, proceed as follows:
1. Tcode: AJRW ( Fiscal Year Change). Enter your company code and new fiscal year. For example 2009 + 1 = 2010
2. Tcode: AJAB close fiscal year. For example 2009.
Regards,
Elias

Q&A for Optimizing Financial Closing Process for IFRS Webonar

Hi all,
Q&A for the webinar #4 in the [IFRS@SAP Webinar series|http://bit.ly/HU1KY], focused on optimizing financial closing process for IFRS reprting will be available in the forum through [IFRS Q&A Wiki|https://wiki.sdn.sap.com/wiki/pages/viewpage.action?pageId=137954255] early next week. Sorry for the delay.

Hi All,
The Q&A for this webinar is now available in the wiki. See [Optimizing the Financial Closing Process for IFRS|http://wiki.sdn.sap.com/wiki/x/IQRiC].
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Is it possible to create financial plan for cost budget when ?

Hello Experts,
I am in situation where customer is currently using budgetory control enabled features and creating / maintaining cost budgets using oracle Form based budgets. Now after using for so many years, suddenly they choose not to use it. Instead they want financial plans to use for cost and revenue budgeting.
When We have run UPG : Upgrade budget type process it results into no data found and cannot able to help me in upgrading financial plan.
I think if the budgetory control is enable then we must need to create the cost budgets using Oracle Smart Forms. Am I rght?
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:-)

Hi Dina,
The patch is nothing doing great but disabling the flag from the table which in turns enabling the budget types to be upgraded to financial plans very smoothly. Once updgraded, the budgets values are easily available in financial plans for reporting and further processing.
In this org, Customer is not using budgetory control functionality but in another org they are using it.
What I have learn in this situation is had it been all the budget types been upgraded first and later use in budgetory control, this situation would not have been arrived.
Thanks
:-)

Carry out period-end closing for material .... in the previous period

Dear Experts,
Currently we are performing Month-end Closing for period May 2011.
We got any error messages during Actual Costing Closing in Material Ledger.
Based on our investigation, system encounters that any materials has not been carried out Period Closing in the previous period.
In accordance with SAP Note 361236, we should perform this workaround starting from Single-level Price Determination until Reversing Closing Entries.
Assuming that this is the right SAP Note to resolve this issue, kindly advice the following items as follow:
u2022     Should we perform this workaround using the Latest Costing Run that is May 2011, since the period of April 2011 is CLOSED (OB52 and OKP1) ?
u2022     Should we perform the full steps in this workaround ( from Single-level Price Determination until Reversing Closing Entries ) with u2018MUST_xxxxxu2019 execution firstly and subsequently re-run this steps without u2018MUST_xxxxxu2019 execution ?
u2022     What is the impact of Reversing Closing Entries in our Financial Statement in period of April and May 2011?
u2022     Is there any other SAP Note for fixing the problem?
Thanks for your kind attention.
Regards,
(Vincent)

Hi Vincent,
You have not mentioned whether the issue is for few materials/plants or all materials/plants.
Find my reply to your queries:
u2022 Should we perform this workaround using the Latest Costing Run that is May 2011, since the period of April 2011 is CLOSED (OB52 and OKP1) ?
    You will not be able to run ACR (for the materials/plants) only May 2011 without closing the status for April 2011.
u2022 Should we perform the full steps in this workaround ( from Single-level Price Determination until Reversing Closing Entries ) with u2018MUST_xxxxxu2019 execution firstly and subsequently re-run this steps without u2018MUST_xxxxxu2019 execution ?
   If you want to run Actual Costing Run (ACR) for latest previous month (May 2011) and do not want to run ACR for previous months (Apr, Mar, etc.), you still need to close the status of materials by using must close.
1st you reverse ACR for May 2011. Then use must close for April month. Perform the full steps of ACR for May 2011.
You may encouter a issue (quantities and values are inconsisitant) for the materials which are having price varinances, etc. in Mar/Apr months. To resolve this issue you can follow with SAP support partner (service.sap.com).
u2022 What is the impact of Reversing Closing Entries in our Financial Statement in period of April and May 2011?
The imact of reversing entries in April and May is depend on the Single/Multi level price variances of Materials bcz after the reversal of closing entries you need to run the full steps of ACR. If your client is not interested to take impact in April, the better way is use must close for April and re-run ACR for May 2011.
u2022 Is there any other SAP Note for fixing the problem?
We also had similar issues but it was for few materials. We have used the above option. Had a issue (quantities and values are inconsisitant). Raised OSS message and resolved the issue.
Hope the above details may help you to resolve your issue.
Regards,
ADI

Financial report for essbase and planning application

Hi,
Can any one please explain me what is the difference between creating financial report for essbase application and planning application.
Considering we will have Essbase cube for the planning application
Thanks in advance

Correct, the data that is stored in Essbase will be the same regardless of which connection type you use.
Data that is only stored in Planning can only be retrieved using a Planning connection. This includes Supporting Detail and SmartLists as these are stored in the Planning relational database.
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Whats with the MBP lid? Dont close it ... if you're so concerned! Just go to System Preferences/Energy Saver and set it to how you like it.

How to consolidate the financial statements for 3 company codes, assigned t

Hi Friends,
How to consolidate the financial statements for 3 company codes, assigned to 3 different companies, 3 different fiscal years, 3 different controlling areas and all the 3 Company Codes assigned to same chart of accounts in the same client?
Can we need any ABAP program for this (or) Is it possible using Report Painter?
Please help me.
Thanks

Hi friend,
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Sri

Hello Srihari,
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Best financial software for mac

What is the best personal financial software for mac? I am currently using Quicken 2007 but keep losing data.
Thanks,

This is a bash on Quicken reply. I have struggled with Quicken (currently Q07) for many, many years (back into the 90's). I counted 13 different sets of Quicken datasets which have been left hanging on my various hard drives over these years as I found out through different support calls that I would have to discard a corrupted database and start over.
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I don't know the background of this link but it may be a place to start:
http://personal-finance-software-review.toptenreviews.com/mac-personal-finance-s oftware/
MacWorld also has a review on financial software for the Mac 2013
Best of luck to us all. Deciding on MtnLion and Mac vs. Quicken pppfffft no question which gets dumped!

SAP financial reporting for FERC

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Anyone had idea about this SAP financial reporting for FERC (federal energy regulation commission). I know that it comes under Utilities category. But i need something more specific about the SAP functionality with respect to this FERC.
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Hallo together,
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The extract from the movement ODS to the cube for one of the extractors is quite heavy as not only does it update the cube it also updates the period ODS - and creates up to 144 entries for every entry in the base ODS
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I currently have a Windows XP computer with Quicken 2007 and Quicken works well, especially the one-step update. Scanning the Quicken forum, I find nothing but horror stories from people who have switched from Windows to MAC and then try to convert their Quicken data files from Windows to data files for use with Quicken for MAC on the MAC. I really don't want to buy and run Windows on my new iMac just to run Quicken for Windows. I am buying a MAC to get away from Windows. Can anybody recommend a good financial software program to run on the MAC as an alternative to the Quicken program?

I don't have a recommendation, but may have some perspective for you. I moved from PC to Mac a little over a year ago and made the transition from Microsoft Money to Quicken 2007 for Mac. I do prefer Money to Quicken (at least Quicken for Mac), but I've adjusted to it and it works great for me.
Here are some key points that I consider for the program. Maybe some will resonnate with you:
1) The key thing I use a financial program for is to auto enter bills that I have direct debited and to tell me how much money I actually have left to spend after I pay bills before my next pay check. Money did this very well with a grid and chart. I could look at any given future date (e.g., the day before my next pay check) and get the amount of money that would be left. Quicken for Mac does this, but only with a chart. I just click on the day before my next check and get the amount, but it's not as nice as what I described from Money. Some people say that fewer financial institutions are supported. You can see that this is the case on the Intuit web site where they list the numbers, but I am able to connect with all of my institutions including a local credit union.
2) Quicken requires a password when you open the program and then again when you choose to do the one step download for getting information from your banks. Thankfully, it then uses all of the different passwords for your financial institutions form memory, but I don't understand why the sign-on password isn't enough (or at least make it an option). Quicken has (what could be) a great option to automatically download the latest information based a schedule you set. However, I have this disabled because it then asked me for the Quicken password every time I turned on my computer (annoying). So, I just ask for the download when I balance my books just like I did in Money. This might be the same as in the PC version of Quicken . . . I don't know.
3) Quicken uses many many windows. This can be great if you like to see a lot at once or it can be overwhelming to have 6, 8, or 10 windows open at once. I really like using the Expose feature of the Mac to see my bank web sites along side the corresponding registers. This is much easier to do than in Windows. I keep open my primary accounts, the forecasting chart, and my upcoming bills all of the time and open other windows as needed. I've also browsed the Quicken discussion board and some have suggested enabling the feature that closes an open register when you open a new register. I can see why this would help, but my setup works for me.
4) Quicken 2007 is a PowerPC program (like Office 2004), so it runs in Rosetta in Intel Macs and is a bit slower starting up than other new programs. Once the program is running though, it's not noticeable. However, it bugs me enough that I will be upgrading the Quicken 2008 for Mac as soon as it is available. The same can be said for Office 2008 for Mac.
5) Quicken is currently beta testing a full fledged web based program. When this comes out, it may be for you. I'm enrolled as a tester and do like some of the features, but thus far I wouldn't be compelled to make the switch from a desktop program. I've heard rumors that the next Quicken for Mac will be web only. I hope not, but will evaluate what I'll do when that happens or the next desktop program comes out.
6) I haven't see the Moneydance program mentioned in the other post, but have periodically perused to see if something better existed. I haven't tried anything, but just by the description . . . I've been underwhelmed. I think many of the complaints about Quicken for Mac have to do with the comparison of the PC version to the Mac version, rather than that the Mac version stinks all that much. In terms of support from the program creator, as well as financial institutions, I find it hard to believe that somebody is going to beat Intuit or Microsoft since they are so entrenched in this industry. With that said, I took a quick look at the Moneydance web site and it looks better than the other programs I've looked at. Plus, there is a discussion board to peruse for it's own issues and it has a free fully functional trial version. I might try that myself just out of curiosity, but I really doubt I'll end up switching.
I hope that helps.

Financial Closing for Peru

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