Is it possible to undo or reverse the Period End Closing Utility

I have a client that ran the Period-End Closing Utility. Then a week later ran it again. Is it possible to undo or reverse the second mistaken operation of the Period-End Closing Utility?

Hi,
It is not possible to Automatically Reverse the Period End Closing performed.
You can try the option of Manually cancelling every transaction involved in Period End Closing in the COPY of the database to check if it helps.
Kind Regards,
Jitin
SAP Business One Forum Team

Similar Messages

Commitment Carry Forward in the year end closing!

Hi All,
We have a lot of open PRs and POs against Internal orders and WBS at the year end and we also have the budget control activated. Now we are going to do the year end closing. My question is:
1. Who should do the commitment carry forward, supply chain or FI team?
2. If supply chain will do the PR or PO carry forward, will FI team also need to run the commitment carry forward (KOCF or CJCF) from FI side at the same time or not necessary?
Thanks,
Ting

Hi Abhinay,
Thanks for the answer.
When you say they have to perform year end activities like checking PO and PR, what actually they are doing? Do they just need to check whether those PO or PR are required (if not, close them) or they need to do something more? . As far as I know, no steps like checking PO and PR are required here. So I am wondering whether we have missed anything or not. Can you give me some details about that step?
Also, if we are using only Total value for the budget, not annual value, I don't need to do the budget carry forward closing step. In this case, do I need to do the commitment carryforward step?
Thanks,
Ting

Valuate Foreign Currency in the Period End

Hi Friends,
Which method is used to Valuate Foreign Currency in the Period End? (We used Average Rate method at the time of transaction posting) I have a doubt whether we have to use same average rate method at the period end or not.
Thanks
Chandra

My Dear Friend,
OB08 is a master data screen..rates are entered there by the user against the particular echange rate type for different currencies..So whatever you enter there, you will see that..highere or lower depends on what rates are given by the bank.. if it is higher you will maintain and see higher and if it is lower you will maintain and see lower..
Secondly, if you want to use the concept of revaluation at the bank buying rate and the bank selling rate, then you will first have to define two exchange rate type for that and also maintain that in the config for valuate - Foreign Exchange.. and against these exchange rate types, you have to maintain the bank buying rate and bank selling rate in OB08.
Regards,
SAPFICO

IM-PS Integration - period end closing of the investment programme.

Hi,
I have a requirement where i am doing a budgeting (Without cost planning) of the programme both on overall and annual basis. My programme is for 5 years. Now i am distributing the budget from the programme position to the appropriation request /Project for current year 2009, remaining 4 years and the overall budget
My Project budget distribution is on overall basis. Now i have only spent partial budget than assigned (500 out of 1000 USD assigned) on the project at the year end 2009 and the project is running for 3 years.
In the above case how do i need to proceed with the period end activity of the investment programme?
Thanks in advance

Hi,
At the period end, you have to follow the below procedure: -
Case-1: - If you are using Overall Budget only at project level.
1. Carryforward the remaining Budget in 2009 to 2010 at IM Position ID Level. you can do directly in IM32.
2. Allocate required Budget to project from IM position ID in 2010.you can use IM52.
Case-2: - If you are using Annual Budget at project Level.
1.First you have to carryforward the assigned value (Commitment) to next year, i.e 2010return Available Budget for Fiscal Year-2009.
2. Return Available Budget at Overall level in Project to IM Position ID.
3. Carryforward the available Budget in IM Position ID from 2009 to 2010.
4. Distribute the required Budget from IM Position ID to Top Level WBSE.
Regards,
Hari.

Automatic Posting of All Open GR/IR A/c at the period end

Dear Experts,
We have a requirement for IT Act Provision.
1. All Open Credit Purchase documents(for which MIRO has not been done) to be automatically transferred to a A/c called Current Liability & Provision(Clearing Account) on the last date of the period(Month end)
On the first day of next period all such open credit purchase documents line items to be created in GR/IR Account against which users can do MIRO when invoice is received.
2. All open Debit GR/IR line items to transferred to Advance A/c (Clearing A/c) on the last date of the month and again to reversed line item wise to GR/IR account.
What is the settings to be done please advise.
Regards,
Alok

Dear Mr Obviar,
Thanks for you reply,
In that OBYP setting:- there are three columns:-Recon A/c -
Adjustment A/c -
Traget A/c
Please correct me if I am wrong:-
I want GR/IR credit to be transferred to some Clearing A/c
then I shall put GR/IR GL code under Recon A/c
and Clearing A/c GL code under Traget A/c
What shall I put under Adjustment A/c
Please extend your help.
Regards,
Alok

Depreciation is not executed for last month and the period is closed. Giving Error in this Dep. Cycle.

Hi All,
We had a month End scenario where the depreciation for a company code is not executed for the last month and closed the period without checking it.
While running the Depreciation posting for this month we encounted a error that last motn period is closed. Can we do the depreciation without opening the period closed. Kindly let us know the options available.
Regards,
Lakshmi Narayana

Lakshmi,
There is no way you can post depreciation without opening the prior periods. Please discuss with your business and secure all necessarry approval, I believe the business has a process on this kind of situations. As long as it is fully documented, auditors will not find it wrong.
This is the best time to improve your process, think of possible ways so that business will not forget to post depreciation (e.g send automatic email during 3 days before, 2 days before., 1 day before and during the day of depreciation run).
Hope this helps.
Thanks!
Jhero

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

Changing the period in Reversed payment document

Dear All,
I badly need your help. I have reversed one Payment document in wrong period. Now Payment document is in period 09 while reversal document is in period 10.
Is there any way to undo this reversal or else change the period in the reversed document?
Here I need one suggestion as well. What will be the implication of this in period end closing activity?The payment document is closed and refering to reverse document as well.
What I know is for period closing system checks for only open items.
Please suggest on this.
Regards
Suchitra

Dear Gordon,
Even If I go to F-02 and do manual entry for period 09. Then my f-02 document will have status as open, In this case in month end closing this open item will create problem.
Can I cancel or delete the wrongly reversed document any ways in SAP?
Regards,
Suchitra

How to reverse the closing period document.

Hi
The entry can be reverse Only in current period
You are trying the reverse the entrie in close period which is not possible .. how to reverse the closing period document.
Thank you

Use t code FB02. Enter required parameters and press enter. From the menu slect Extras - Document header. This will take you to next screen. In this screen from the menu select GoTo Document Header. Change the reversal date and save.
Then reverse the document using normal process. The document will get reversed on the new date entered.
Hope this helps. If useful, please reward points.
Regards
Rakesh Pawaskar

Reversing the Results Analysis after settlement

Hi
can anyone elaborate on the possibility of reversing the RA postings after carrying out the Settlement as part of period end closing.
Any information on this is welcome
Venu

Hi,
For RA method 14 please find the link,may be you are missing some config.
http://help.sap.com/saphelp_di471/helpdata/EN/90/ba6f37446711d189420000e829fbbd/frameset.htm
Muzamil

Error when reversing the Billing document,

Hi,
I cancelled a billing document but it was never passed to accouting because the period is closed as the original billing document period is closed.Can i change the billing document that got cancelled for todays date so it can post to the accouting.Please let me know the options.I know i can reverse the transaction in AR but do i have options doing it from SD
Thanks.
Sri

Hi
We have a option to change the billing documnet date under header details.
1) Go to VF02
2) Enter billing document date
3) Go to header deatils and change the billing date to current billing date
4) save the document.
Pts if ur problem gets solved
RGDS
B.JAGANATH

Reverse the invioce .

I am facing problem in go live support , can anybody help in this case.
IN 4.7 server , One PO (imported in currency-usd) created in which Invoice made but GRN not made so amount hit on vendor account . that amount uploading as opening balance in ECC 6.0 and in new system they upload that po and again invoice made and GRN made .so
double amount showing in vendor account and amount paid against new invoice ,that time foreign exchange gain account came . now problem is that vendor account showing excess amount and i cannot reverse the opening balance. if i want to reverse the invoice then 1st reset the clear doc, when i am reset the clear the document, it asking to reverse the payment doc , but don't want to reverse the bank payment doc because it is already cheque clear by vendor.
there is any other way i can solve this pl help me.
thanks in advance
manas

manas,
Follow these steps:
1 Check period end closing transaction had been open to current fiscal period.
2 Next step is to Enter in transaction code: FBRA.
3 Enter clearing document number.
4 Posting doc number and check only resetting button.
5 Now you can make correct posting clearing for this Vendor Invoice.
6 If you have Vendor invoice from MIRO or you are creating, enter transaction code F-44 to set this invoice to your clearing document by a third document without line items.
If this help you, assign points to my SDN contribution.
Regards

Reverse Asset Depreciation for Closed FY

Hi Asset Gurus...
Need your expert advice...on the following Asset issue....
PROBLEM : We have done the Year end closing for FY 2009 for our assets in Jan 2010. But we have already reported out Balance sheet in Dec 2009 for FY 2009. Now, when we have closed the FY 2009 in Jan 2010, system postes some financial entries related to Depreciation difference between area 01 and area 02 on the balance sheet.
Now the business thinks its not acceptable..as what we see in SAP for the BS 2009 contradicts what we have already reported to the authorities..
So, we need to change this situation in SAP...i.e. correct these postings ( or infact cancel these postings that have happened due to this depreciation difference between area 01 and area 02 in the Fy 2009 ) so that the BS 2009 shown in SAP would match what we have reported.
Now the real problem is that : THE ASSET FISCAL YEAR IS ALREADY CLOSED AND ALSO WE CANNOT MANUALLY POST ANY FI ENTRIES FOR THESE DEPRECIATION DIFFERENCE GL ACCOUNTS AS THEY CAN BE POSTED ONLY INTERNALLY.
SOLUTION THOUGH OF : Now, We see that probable solution would be re run the Depreciation for FY 2009 again by opening period 12 2009 so that the depreciation differences calculated wrongly would be gone.( But is this kind of suggested or acceptable ).
In the Other case, should we do an ASSET WRITE UP OR TRANSFER POSTINGS to negate the postings that have already happened.
One more thing..I want to clarify is that : THE REASON THE DEPRECIATION DIFFERENCES OCCURRED BETWEEN AREA 01 and AREA 02 is because both of them had a different depreciation key in FY 2009( somehow they had diff. dep keys which was wrong as told to us by the business and they discoverd this situation in 2010 ). So, we corrected the Dep keys for the two areas in FY 2010 ....But for the FY 2009 , when we closed the FY 2009, the depreciation differences already got posted in the Balance Sheet.
REAL PROBLEM IS THAT WE WERE ABLE TO CORRECT THE DEPRECIAITION KEYS IN THE ASSETS, but WE WANT TO CORRECT THE WRONG POSTINGS THAT HAVE TAKEN PLACE IN FY 2009 ( i mean the Financial postings that took place.. the GL accounts that got posted are Acc. depreciation difference account and dep. difference account ).
We also cannot manually reverse this FI entry , as these postings happeend automatically..
So i see..probable solution is reopen the FY 2009 and carry out a repeat dep run ??
Or do a ASSET WRITE UP OR TRANSFER POSTNGS FOR THESE GL ACCCOUNTS?
I am not an expert myself but seek the guidance of the experts here to resolve our issue..
In case, you need any more clarification on this problem..I will let you know the same...
Waiting for your feedback on the same..
Thanks,
Kris.....

There is no issue with FY 2010 as we have changed the Dep. Key in 2010.
The issue is with only FY 2009 which is now closed.
But the transaction ABF1 as you have mentioned cannot be used in this case, as when we try to post to these GL accounts, it gives us the message that they can only be posted automatically by the system ( which i think is true as these postings occur only after the dep. run ).
Is there any other tcode through which we can correct the wrong dep. values that were posted in FY 2009.
Thanks,
Kris...

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

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

Is it possible to undo or reverse the Period End Closing Utility

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