Gr/ir clearing in month end

hi
in case of gr/ir why should do gr/ir clrg in month end in f.13.
up getting vendor invoice ,it should be credit ,other than what will happen here plz tell me clearly
thank u
sowmya

Hi,
Quantity differences between goods receipt and invoice receipt for a purchase order result in a balance on the GR/IR clearing account.
If the quantity invoiced is larger than the quantity received, the system then expects further goods receipts for this purchase order to clear the balance.
If the quantity received is larger than the quantity invoiced, the system then expects further invoices for this purchase order to clear the balance.
You can also clear differences for delivery costs.
If no more goods or invoices are to be received, you must clear the balance manually.
Thanks,
Rau

Similar Messages

  • Clearing up negative stock approach during month end

    Dear all,
    I have a question with regards to how to clear up negative stock during month end.
    Currently our system allows negative stock due to our company process requirement. However, these negative stocks will need to clear-up by finance or warehouse during month end.
    May I know what is the best approach (including tcode, and business process) for this activity?
    Thanks.
    tuff

    >
    yagnesh bhatt wrote:
    > HI,
    >
    > if you want to clear -ve stock,
    > 1)you have to take receipt of material.. either against reference document docuemnt (like PO) or without document.
    > 2) you can also post physical inventory doument, if there is inconsistency between actual physical stock of material and stock in SAP.
    >
    >
    > YB
    regarding your point 2: it is not possible to clear negative stock with phyiscal inventory, as you cannot even create a inventory document if you have negative stocks.

  • 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 Invoices……F-43
    4) Collect and post all customer Invoices……F-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 Reconciliation………FF67
    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

  • 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.
    Thanks in advance.

    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.
    Regards

  • GR/IR at the month end

    Hello,
    What we have to do with GR IR account for clearing at the month end.
    Regards
    Ravi

    Hi Ravi,
    GR/IR clearing is the month end activity. To do this first you should maintain gl accounts under open item managment.
    the GR/IR Clearing account is used to account for Goods Receipt and Invoice entry for the vendor invoices. The GR/IR clearing account program reclassifies the entries in GR/IR account as either assets or liabilities for reporting purpose. At the period end which goods receipt has been done and for which Invoice has not been recd or goods for which invoice has been done and GR has not been done. During the time between invoice being created and delivered the goods. To accommodate this timing difference a gr/ir clearing account is maintain temporarily to record the flow
    hope it will useful and pl assign points
    thanks
    venkat

  • 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
    Many Thanks

  • 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

  • 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 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

  • 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 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

  • Month End Procedures

    What is the procedure in month end?How do we do month procedures?can anybody give me some examples in month end procedure?

    hi Kischow,
    Month-End Closing: Assets
    Checklist
    <b>Assets</b>
    Fixed Assets
    -Execute the depreciation run (SAP FI-AA)
    <b>
    Current Assets</b>
    Inventories
    -GR/IR clearing account – 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 (SAP LO-MM)
    Period closing program (SAP LO-MM)
    -Settle the work in process (SAP FI-CO)
    -Post the reconciliation ledger (SAP FI-CO)
    Receivables and <b>Other Asset Items</b>
    -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)
    <b>
    Accruals and Deferrals</b>
    -Post accruals/deferrals (SAP FI-TR + SAP FI)
    <b>Liabilities and Owner’s Equity</b>
    Accruals
    Payables
    -Payroll accounting (SAP HR)
    -Valuate the foreign currency open items (SAP FI), see also Receivables
    -Valuate the foreign currency G/L balances (SAP FI)
    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:
    -Financial Statements (Balance sheet and P&L account)
    -Advance return for tax on sales and purchases (VAT)
    -EC sales list (quarterly)
    -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 Profit Centre Accounting (PCA).
    Pls click on the below link for more info..
    http://help.sap.com/saphelp_46c/helpdata/en/c2/37c1767ab411d1950300a0c93031df/frameset.htm
    Assign the points.....
    Ranjit
    null

  • How to enter pay term 45 days to month end

    Hi all,
    in France they have to handle their pay terms more clear by law ( starting January 1st, 2009 ). My France colleagues want to use the term 45 day to month end. As far as I know, itu2019s only possible to enter this with a day limit:
    Step 1: day limit 15 u2013 fixed date 31 u2013 additional month 1
    Step 2: day limit 31 u2013 fixed date 31 u2013 additional month 2
    In France my colleagues sometimes invoice day-to-day and depending on the month, we would win or loose a month. That means, if using this pay term, e.g.
    Date 15th April. + 45 days = 30th May >>> due date 31st May = ok
    Date 16th April + 45 days = 31st May >>> due date should be 31st May, but because of day limit the system provides 30th June = NOT ok
    In this example we would loose a month, in other cases the customer would loose a month u2026
    Does somebody know how to handle in the standard ?
    Is it possible to handle that in the FI part ?
    Many thanks !
    Pamela

    Hi,
    Resolved.

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