GL month end dsummary balance in ECC 6.0

Hi Folks,
I am working on creating a functional spec for transferring the GL month end summary balances to legacy system in ECC 6.0. I found that FAGLFLEXT table contains the GL summary data. In the table for a GL account corresponding to a profit center there are different summary balances for different object numbers. Can anyone tell me what am I supposed to do if I just want to have total month end GL account summary balances corresponding to profit center. Is there any other table to find the final month end summary balances.
Thanks in advance. Points will be awarded to the solutions.
Ramya

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

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Doubt in mm, where to transfer gr/ir balance in month ending

In the month end if Gr/Ir Account is showing some balances due to pending of invoice verification. What we will do at this situation. Is there any configuration needed, to deal with the situation.
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HI G.Kiran ,
Its a normal process, if it is invoice is penditng then month end GRIR Accounts will have the balance. Need not to do any things. If you want to do manual Calaring for GRIR Clearing Account after inovice being generated then do F.13/F-44.
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Balance sheet tally at month end

dear all
my balance sheet shows difference in the month end between assets and liablities. that difference is nothing but my profit.
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dear padma,
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Month-end

Hi friends,
I have some knowledge of month end acivities.
here i mentioned ....
1)Open and close posting periods in FI.OB52
2)Close MM period..MMPV
3) Collect and post all outstanding vendor InvoicesF-43
4) Collect and post all customer InvoicesF-22
5) Post accruals/deferrals FBS1
6) Generate Recurring entries.F.14
7) Run the interest calculation..F.52
8) Maintaining Exchange Rates OB08
9) Run the foreign currency valuation.F.05
10) Run depreciation run..AFAB
11) GR/IR clearing account .F.13
12) Complete Bank ReconciliationFF67
Please any mistakes rectify and any another acivities mentioned the with T.codes.
pls let me know.
Regards,
Chandra.

Hi
Other few activities given below:
FI
1. Depreciation Run - AFAB
2. F.5D Balance sheet adjustment calculation
3. F.5E Balance sheet adjustment Post
4. F.05 Foreigh Currency Valuation.
CO
1. CO43 Overhead calculation
2. KKAO - WIP Calculation
3. KKS1 - Variance Calculation
4. CO88 - Settlement
If you think it helpful kindly assign the points
Thanks & Regards
Mahesh

Regarding Month End reports

Hello SAP Experts
I got a requests from SAP user that
for SAP report (T-Code for report) List of GR IR Balances to be part of the month end processing. Can this report be automatically scheduled as part of month end.

Hi ,
Please use see below reprot
MB5S - Display List of GR/IR Balances
EWM6 - Reconcile GR/IR Clearing Account
S_P6B_12000135 - List of GR/IR Balances
Amd MR 11 to clear any dis cripancey in GR and Clearning is F.13
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Asset Under Construction(AUC),During month end settlement run(via KO8G)

Hi Guys ,
please hlep on this AUC :
During month end settlement run (via tcode KO8G), if there are -ve (credit) values to be settled to an Asset Under Construction (AUC) asset which does not have sufficient +ve value in the current FY, the settlement run will prompt an error message "Balance for transaction type group 10 negative for the area 01". The TT posted via the settlement run is TT115. To get around, user has to raise a manual journal (via doc type AT) to post the -ve value to the same AUC asset via TT101. TT 115 and 101 are configured differently (see attached).
Since the Fixed Assets system does accept credit posting to AUC via a journal, is there a solution to make posting go through via the settlement run?
Regards,
Narra

You can settle the AUC value in one period and posting can be made in another period. in the same you can give the different asset value date in KO88 screen. The only limitation is this possible only if the fiscal year is same.
Give the asset value date as 15.07.2007 in KO88
Hope this will work
Radha

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

Cost center empty at month end

dear all,
iw ant toa ask you one fundamental question.
is it require that the cost center should be empty at period end.
i cam across the situation that some production cost center get some cost which cant be go to product.
if i creat one more cost center cost will remain threre i know ican transfer the cots to copa but dont know how to do it
please suggest
Moderator: Please, read basic CO-PA material

HI,
it is usual that cost centers are zero balanced (not empty) at month end.
This can be achieved by settling cost center balances to CO-PA value fields using T-code KEU5 (creation of settlement cycle is done in KEU1).
best regards, Christian

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 Closing Procedure.

Hi,
Can some one send me month end closing activites carried out with T Code to my mail id is [email protected]
Points will awarded.
Regards,
Kiran.

Hi
Month end activitites with Transaction code :
FI
AFAB - calculate depreciation
F.05 Foreigh Currency valuation
F.5D calcualate balancesheet adjustment (in case of business area adjusment)
F.5E post balance sheet adjustment
CO.
1. Overhead : CO43 - Collective Processing
2. WIP :KKAO - Calculate
3. Variance:KKS1 - Collective Processing
4. settlement:CO88 - Collective Processing
5. Assessment cycle :KSU5
If the answer is helpful kindly assign points
Thanks & Regards
Mahesh

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 Procedure

Please explain settings for the Month End Procedure
What are the precautions need to be taken

Hi,
Month end processes to be followed:
Month-End Closing: Checklist
Assets
Fixed Assets
-     Execute the depreciation run and update the batch input session (SAP FI-AA)
Current Assets
Inventories
-     GR/IR clearing account u2013 clarify any differences and correct them if necessary (SAP LO-MM)
-     Clear the GR/IR clearing account (SAP FI)
Prerequisite: Accounts have already been maintained by MM
-     Period closing program (SAP LO-MM)
-     Settle the work in process (SAP FI-CO)
-     Post the reconciliation ledger (SAP FI-CO)
Receivables and Other Asset Items
-     Check whether all the billing documents have been posted (SAP LO-SD)
-     Valuate the foreign currency for the open items (SAP FI), see also Payables
-     Valuate the foreign currency for the balances (SAP FI + SAP FI-TR)
Accruals and Deferrals
-     Post accruals/deferrals (SAP FI-TR + SAP FI)
Liabilities and Owneru2019s Equity
Accruals
Payables
-     Payroll accounting (SAP HR)
-     Valuate the foreign currency for the open items (SAP FI), see also Receivables
-     Valuate the foreign currency for the balances (SAP FI + SAP FI-TR)
Accruals and Deferrals
-     Post accruals/deferrals (SAP FI)
Miscellaneous:
Additional Tasks (SAP FI)
-     Post accruals/deferrals (SAP FI)
      Check whether the accrual/deferral documents have to be reversed
-     Carry out recurring entries and update the batch input session (SAP FI)
-     Reconcile cost of sales accounting/period accounting/profit center ledger (SAP FI/SAP FI-CO)
-     Close the posting period (SAP FI)
-     Run the reconciliation program (SAPF190)
This program checks the documents and transaction figures in the R/3 System. You can only execute this run if you do not intend to carry out any postings for the period, otherwise reconciliation differences will occur. You can schedule the job to run in the background.
Printing Reports and Notifications:
-     Balance sheets and P&L statements
-     Advance return for tax on sales and purchases
-     INTRASTAT declarations (SAP LO-MM)
-     Account balances (SAP FI)
-     Journals (SAP FI)
Internal Closing (SAP FI-CO)
Internal order and project-related tasks:
-     Transfer postings, surcharges, project interest calculation, settlement
Product and production-related tasks:
-     Release a standard cost estimate, perform inventory costing, transfer postings, surcharges
Variance calculation, results analysis, and settlement
Cost center-related tasks:
-     Transfer posting, distribution, assessment, activity allocation, transfer key figures, cost center variance, price calculation
Results-related tasks
-     Evaluate actual postings, transfer external data, distribution, assessment, transfer balance sheet items to PCA
Hope this helps
regards,
radhika

Month end and Year end Activities

Hi All,
What are the month end and year end activities are involved and how will they happen????
regards
vasantha

Hi Vasantha,
Month-End Closing
http://help.sap.com/saphelp_erp60_sp/helpdata/en/96/8b3c2d43ce11d189ee0000e81ddfac/frameset.htm
Year-End Closing
http://help.sap.com/saphelp_erp60_sp/helpdata/en/96/8b3c2d43ce11d189ee0000e81ddfac/frameset.htm
Some of the Month-End Activities
- Open and Close Posting Periods
- GR/IR Clearing
- Adjustments in G/L, AR and AP accounts
- Foreign Currency valuation for Exchange rate fluctuations
- Transfer Postings to Reconciliation accounts from CO module
Some of the Year-End Activities
- Balance sheet adjustments
- GR/IR Clearing
- Adjustments to special Posting periods at year end
- Balance Confirmations for AR and AP accounts
- Run Balance Carryforward program for G/L, AR, AP accounts at year end or first day of next year
- Generate Financial statement for the current year
Best Regards,
Mohan.
Edited by: krishna on Dec 18, 2008 12:01 PM

GL month end dsummary balance in ECC 6.0

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