Month end and year end closings

hello guys,
Can anyone explain me about the series of steps that we have to do for month-end and year-end closings (FICO).
Thanks in advance..

Hi,
Below are the month end activities
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
Assign points if useful
regards
genie

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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 and year-end valuation differences!

Hı Friends,
What are the differences between Month-end and year end valuation in the system?
Thank you!

Yes
For example
31.12.2010
Dr/Cr Forex loss/gain a/c
Cr/Dr B/s adjustment a/c
01.01.2011
Dr/Cr B/s adjustment a/c
Cr/Dr Forex loss/gain a/c

Month end and year end procedure

hi experts,
can any one help me for year end and month end procedure
correct answers will be duly rewarded
thanks in advance

hi,
Month end closing Activities
1. All the expenses including amortization, prepaid expenses, Preliminary expenses and accruals have been booked.
2. Complete Bank Reconciliation
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.
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.
Year end closing Activities:
1. Calculate production work in progress on process orders which are not technically complete.
2. Carry out Assessment cycle for Cost Centers.
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)
thanks
sai krishna

Month end closing and Year end closing

Hi,
Does anyone have a list of t-codes to be run for month end and year end closing. I want to know what all steps are done for month/year closing.
We are only using FI,CO and MM and no other SAP modules.
Thanks,
Shruti

Hi,
The Month end Activities are as follows
Clearing the open items of vendor, customer
Clearing the suspense account regularly
All the Expenses Including the prepaid expenses have to be booked..
Intercompany Balances Should be Zero
Depreciation Run.
Recuring Entries.
Park documents to be posted(FBVO)
Accural and referal in any differneces.
GR/IR Clearing Transaction (Tcode-F.13)
Bank Reconciliation(Comparing the Company Books and Bank Statements)
Exchange rate to be updated
Revaluation of foreign currencyopen items(F.05)
Order Settlements.
Distribution Cycle
Assesment Cycle(KSU5)
Transfer the Inventory to Profit center(1KEH)
Match GL and PCA(KE5T)
MM period Close and Open (Tcode MMVP)
FI Period Open(Tcode OB52).
CO period Closing
Year End Process
All the Month end Activities should be Carried Out.
Balance Carried Forwarded to next year(F.16)
PCA Balance Carried Forward(2KES).
Carry forward the Vendor,Customer and Asset Balances
(Unless Dep is posted for all the months the assets can not be Closed)
Copy the No Ranges to new year
Open the Next year period(OB52)
I Hope this is Helpful,
Assign the Points.
Regards,
Padma

CO month end or year end activities

Hi All,
Kindly brief me for what are the CO month end and year end activites?
My mail id is:[email protected]
Thanks in advance.
Soma

Hi,
Please find the list of year ending activities for FI and CO as below:
CLOSING ACTIVITIES
1 Execute Report for Inter Company Activity & Journal Entries
2 Open posting period for next yr (T.Code: OB52)
3 Run Business Area's Assignment report. (T.Code: F.50)
4 Review list of recurring journal entries (T.Code: FBD3)
5 Execute Recurring Entries for A/R, A/P, G/L (T. Code: F.14)
6 Process Parked A/R, A/P, G/L accounting documents (T.Code: FBV0)
7 Final Cutoff for the Maintenance of Fixed Asset- Add Transfer and Retire (T.Code: ABUMN)
8 Run Depreciation in Test Run and post (T.Code: AFAB)
9 Verify Display Log for Depreciation Test Run (T.Code: AFBP)
10 Capitalize AUC Assets if needed (T.Code: AIAB, AIBU)
11 Enter Payroll Data to SAP (T.Code: CAT2)
12 Verify Depreciation Balances with GL balances (T.Code: ABST2)
13 Post Depreciation (T.Code: AFAB)
14 Execute Asset History Report, and retire assets if needed (T.Code: S_ALR_87011963, ABAVN)
15 Adjust specific depreciation areas if necessary (T.Code: ABCO)
16 Reconcile AM sub ledger with GL (T.Code: ABST2)
17 Check Bank Data (T.Code: S_P99_41000212)
18 Review AR Open Items (T.Code: FBL5N)
19 Review AP Open Items (FBL1N)
20 Execute Pending Invoices(T.Code: MRBP)
21 Clear Open Item for GRIR, freight (T.Code: F.13)
22 Reconciliation of Financial Documents and transactional figures (F.03)
23 Open new CO Posting Period: (T.Code: OKP1)
24 Compare current (cost estimates) with last current price (Moving Avg) (T.Code: OKBH)
25 Update current cost price to material master price field (T.Code: CK11N, CK24)
26 Process Freight charges, Match SD freight to actual (T.Code: V-31)
27 Review Internal Order Postings(T.Code: OKSA)
28 Settle All Orders (T.Code: KO88)
29 Verify All Post Goods Issue have been Invoiced (Billing Due List) (T.Code: VF04)
30 Review SD Billing Doc from prior month that have not yet been released to accounting (T.Code: F.2D)
31 Reconciliation of MM movements in Transit Intra-SAP to Non SAP
32 Reconcile PI Inventory with SAP (T.Code: MI07)
33 Perform Manual Adjustment if needed (T.Code: F-02, FB50)
34 Verify balance of the GR/IR account (T.Code: MB5S)
35 Post Accruals and Deferrals (T.Code: FBS1)
36 Clearing of Cancelled Documents (T.Code: F-03, F-32, F-44)
37 Check Profitability Segment Adjustment (T.Code: KISR)
38 Aging Report-Reconcile GL balances with sub ledger balances AP (T.code: FBL1N, FBL5N, FBL3N)
39 Check the check run numbers (T.Code: FCH1, FCHI)
40 Bank reconciliation Data (T.Code: FF67 & FEBA)
41 Enter Tax Journal Entry (T.Code: FB41)
42 Reconcile GL balances with sub ledger balances AR/MM/AP (T.Code: F.03)
43 Display Balance Sheet Adjustments (T.Code: F.5F)
44 Post Balance Sheet Adjustments (T.Code: F.5E)
45 Post Foreign Currency Valuation (foreign exchange) (T.Code: F.05)
46 Check generic cost centers for posting with wrong accounts
47 Correct wrong postings on generic cost centers
48 Check Validation dates for Cost Centers, Cost Elements, CO area (T.Code: GGB0)
49 Check COGI--for both month end and year end
50 Doubtful receivables (T.Code: F104)
51 Verify In-transit Inventory
52 Reconcile PA to G/L (T.Code: KE5U)
53 Post Cost Center Assessments and Distributions (T.Code: KSU5 & KSV5)
54 Run CO-FI Reconciliation to balance (T.Code: KALC)
55 Run BW reports P&L and Balance Sheet
56 Maintain CO yr variant (T.Code: KCRQ)
57 Fiscal Yr Balance carry forward AP/AR/AM (T.Code: F.07,
58 Fiscal Yr Balance carry forward CO (T.Code: CXS1)
59 Fiscal Yr balance carry forward FI (T.Code: F.16)
60 Fiscal Yr balance carry forward PCA (T.Code: 2KES)
61 Set Document number ranges - FI - new year (T.Code: OBH2, OBA7)
62 Set Document number ranges AP/AR - new year (OBA7)
63 Generate Financial statement Reports (T.Code:OB58) OR (T.Code: FSE2)
64 Change Fiscal Year For Assets (T.Code: AJRW)
65 Year end Closing-- Asset Accounting--final for year end (T.Code: AJAB)
66 Close CO Posting Period : (T.Code: OKP1)
67 Close Prior A/R Posting Period (T.Code: OB52)
68 Close Prior A/P Posting Period (T.Code: OB52)
69 Close Prior MM Posting Period (T.Code: OMSY)
70 Reverse accruals and deferrals for the new month (T.Code: F.81)
71 Reconciliation of Financial Documents from old fiscal year and new fiscal year (T.Code: FNSL)
72 Load Balances, Budget Data for Cost centers, sales
73 Update Retained Earning Account , balance carry fwd (T.Code: F.16)
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)
all the best

Month end accural and Year end accural processings.

Hi Experts,
Can you please give me an idea about month end accural and year end accural proecess in payroll?? What are the responsibilities of functional consultants in accural processing??
Thanks,
Kanna.

Hi,
The purpose of the accrual process is to recognize payroll costs in the month in which they were incurred, i.e. when the employee actually performs the work.
This accrual process will result in a more accurate presentation of monthly and year-end payroll expenses and liabilities.
The accrual is calculated in HRMS and posts an entry in FI (debit department payroll expense and credit accrued liability) to account for the portion of earnings owed but not paid at month end.
The accrual is calculated as follows:
The system determines the fraction of the payrolls that were earned but not physically paid in the current month. This amount is calculated based on the number of days in each payroll that were earned in the month, as a fraction of the total number of days in each payroll (10 days for all biweekly payrolls). If an entire payroll was earned and not paid, then the fraction would be 1 (ie.100% accrual). Some months may have to accrue a fraction of one payroll, other months we may accrue more than one payroll.
~BiSu

Mid year go live and year end go live

Hi Experts,
What is the difference in configuring Mid year go live and year end go live What are difficulties we face in mid year go live.
thanks & Regards.
Akhil

https://forums.sdn.sap.com/click.jspa?searchID=21620306&messageID=6587485
you go live on the SAP payroll system in the middle of a financial year, you have an option to transfer your legacy data into the SAP payroll system.
The system provides the schema INLK for transferring your legacy data. For this purpose, you need to perform the following IMG activities:
Define the payroll periods for which you want to transfer the legacy data. For more information, refer to the IMG under Payroll India -> Legacy Data Transfer -> Define Periods for Import
Define the type of data you want to import. For more information refer to the IMG under Payroll India -> Legacy Data Transfer -> Define Pay Elements for Import
Upon execution along with the payroll driver, the schema INLK formats the information defined in the above tables as payroll results and stores the values in the database table PCL2.
For more information on the Legacy Data Transfer functionality, refer to OSS note number 506128.

Front end and Back end experience in SAP BW

Hi Friends...
Can ne1 plz explain wht things in SAP BW come under Front end and Back end experience......Thanks in advance

Generally, back-end would consist of the taks associated with configuration of data targets (ODS, Cubes), working with extractors, mapping data to the data targets, writing transfer/start rtn/update rules, and creating Infopkgs/ Process Chains.
Front-end deals with the use of the BW - writing queries, workbooks, web (although I think some of the infrastructure aspects of web reporting. e.g. javascript/templates might really could be considered backend). Think of Front-end as all of the client/customer/user facing components.

Split month, date and year

How to split month,date and year from date field ? is there any standard function module.

You can do this.
data: year(4) type c,
month(2) type c,
day(2) type c.
year = sy-datum(4).
month = sy-datum+4(2).
day = sy-datum+6(2).
write:/ year.
write:/ month.
write:/ day.
Regards,
Rich Heilman

Create Date Column out of Full Month Name and Year

I am trying to use Power Query to create a new column of data as a Date. My data contains two columns: Month as the full text name and Year, for purposes of this example, I will set all days to the 15th. In Excel, I would simply use a formula
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Example: [Month] = "January" and [Year] = 2013
DATEVALUE([Month]&" 15, "&[Year])
What is the syntax to Add a Column in Power Query with this conversion?
Thanks, Barbara

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= Date.FromText([Month] & " 15," & Number.ToText([Year]))
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Note that one difference between Excel and Power Query is that Excel will let you concatenate text and numbers with "&" but Power Query requires that you first convert the number to text.

FI-AA : Problem in Depreciation Run and Year end closing.

i am doing asset year end closing and new fiscal year open, i followed the steps as followings..
Step 1 Did depreciation run using T-code AFAB- no error
step 2 checked depreciation run in AFAR was correct(no error)
step 3.did actual run of new fiscal year open using tcode AJRW.
step 4 : did actual fiscal year closing t-code AJAB.
but now the problem is still i am not able to see any asset reports when open the report meg. says "fiscal year change not done for company code xxxxx"
problem due to is any patch need to be executed? or due to any other application error?, pls advice to solve this my issue.
with best regards,

Hello
Choose Periodic processing ® Fiscal year change.
Enter the company code and the new fiscal year.
Choose Program ® Exec. in background.
Process the assets with errors that were identified during the fiscal year change (Tools ® Assets with errors).
Reg
*Assign points if useful

Open documents and year end closing.

Hi experts,
I would like to know if it is necessary to close all open documents before we start the year end process.
Since practically it is not possible to close all open documents.
here open documents refer to Purchase orders, GRPO's, Sales orders, deliveries etc.
kindly suggest.

hi ajith,
Purchase orders,sales order won't have any impact on accouting which will only
effect ordered,committed quantities.
GRPO can be kept open in case when there is orginal bill is yet to be sent by vendor.
Production orders which are open(ie) production completed - should be closed atleast
before year end so that it can't avoid unnessary WIP variance posted in next fiscal year,
because production orders will post JE's only on Actual Closing Date.
Jeyakanthan

Authentication with UME separation of front end and back end

My webdynpro project has 2 application. One for Admin one for Rating.
Is it possible to create a java class at Webdynpro level and share it between the 2 applications?
Why the need?
Created a custom class (lets called it CommonEJB), to point to the right pages and set of UI controls after the initial login with UME. This class utilizes the IWDClientUser.getSAPUset() method to get IUser object.
If it is not possible to create a java class at Webdynpro, then this ejb will need to be deployed to the backend.
Putting it at the backend is not good as security wise, its always better to separate the authentication between front and back end.
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thanks

s0003358504
au-?Krup
LDAP
==============================================
Computer Associates Int'l [eTrust Directory]
Critical Path [CP Directory Server (CP DS)]
Microsoft [Windows 2000 Active Directory Server]
Microsoft [Windows 2003 Server - Active Directory]
Netscape Communications [Netscape Directory Server]
Novell [DirXML Driver for User Management]
Novell [Novell DirXML Driver for SAP HR/PA]
Novell [Novell eDirectory]
Oracle Deutschland [Oracle Internet Directory (OID)]
Siemens [DirX Directory Server]
Siemens [DirX Extranet Edition]
Sun Microsystems [Sun Java System Directory Server]
     Test Objectives
     Testing Scope
     Test Approach
     Test Environment
     Test Data
     Entry / Exit Criteria
     Risks
     Schedule and Resources
     SIT Deliverables
     Test Planning Source Documents
Well, i wish to create a java class that can separate the view areas depending on their login.
lets say you're a manager, u can see certain views. and if you're a supervisor u see another. This is achieved using the java class with information from getSAPUser() position. After retrieving the position, using the java class will programmatically assigned the appropriate views, buttons, tabs etc.
so this class need to in front end, and not back end. problem is we have 2 application.
if the class is created front end in one application can it be shared with another.

Report to show all activities (ended and not ended)

Hi,
I would like to do a report to show all activities (not ended and ended), but when I do the report from "Activity" the only information shown is no ended activities.
Is possible to show all activities? How can I do it?
Thank you and regards.

Monica - depending on the Subject Area, including certain "look-up" or reference fields to other tables automatically implies a join-relationship between the 2 tables.
Case-in-point, the activities subject area. Whenever you include fields from other objects like (Account Name, Campaign Name, Contact job title, etc.) "Answers" will automatically assume that you only want those activities where those field-values are populating, consequently filtering the report. It seems to occur any time you're trying to include data across tables in a one to one relationship.
A better example, and likely a common headache for CRM report builders is an Opportunity report, wherein you're including data from the Primary Contact associated to the opportunity. By the same limitations, you would wind up with only those opportunities that have a Primary Contact associated, versus all opportunities with contact-data if it's populated.
It is my understanding that the only workaround is to use Combined Analyses to create an union of the 2 reports, one with all opportunities and another with primary contacts. Use a pivot table and max-aggregation rule on the contact name to remove dupes.

Month end and year end closings

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