GR/IR maintainance/year closure......

1. How to achieve this ?i.e maintaining GR/IR account ?
2. What are the things to be considered and performed for the year end from MM point of view in SAP like closing the open orders or posing to prevoius periods etc etc
3. General practice for opening closing periods please
Regards,
manOO

1. Maintain GR/IR by OBYC
2. closing steps for MM is:
   1. Reconcile material ledger stock with FI recon account.(T code MB5L)
   2. Calculate WIP (T code KKOA/ program SAPKKA07)
   2. Reconcile WIP material with FI recon account.(T code KKAO)
   3. Open New MM and FI period (T. code MMRV and OB52)
   4. Make adjustment entry, if required
   5. If you have PM order settle that (KO88)
   6. Calculate variance (KKS1)
   7. Post variances
   8. Close old MM and FI period (T. code MMRV and OB52)

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