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
Similar Messages
-
Please explain settings for the Month End Procedure
What are the precautions need to be takenHi,
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 -
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 Owners 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 -
What is Month End Procedure using in Business Area?
Hi All,
What is Month End Procedure using In Business Area?
Thank you
RamakanthHi,
As my experience business area month end to check the profitability each b. areawise and all the month end adjustment entries should be enter business area wise. We can also check the clearning for one business area to anyother b.area.
Regards,
Pankaj -
Schedule manager for month-end procedure
Hi,
I have to prepare Business Process Procedure(BPP) & Configuration Guide For "schedule manager for month-end procedure" .Plz help me by giving some inputs to prepare the documents.Its urgent....
***points will be assigned.
Thanks
Sap Guru
[email protected]Have a look at the 3rd party tool called RunBook http://www.runbook.nl/
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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
to convert the text month to the proper date part.
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, BarbaraFor an existing table in the editor with columns Month and Year, click "Insert Custom Column" and use this as the formula:
= Date.FromText([Month] & " 15," & Number.ToText([Year]))
This will create a formula which looks something like this:
InsertedCustom = Table.AddColumn(Source, "Custom", each Date.FromText([Month] & " 15," & Number.ToText([Year])))
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. -
Week, Month,Quarter and year
I have a specific query. I my dashboard i have prompts for Year, quarter, month and week.
Based on the week selection i get some sales data. And i use AGO function to get previous week's data.
Now i am in a fix with my other requirement. I need the monthly data and quarterly data, for that particular week.
Example:-
Week 19th Nov 2011. I am ale to get the data with existing report.
Month NOV:- If i use todate fundtion then i will get November's data untill Week of 19th November. BUT I WANT FULL NOVEMBER'S DATA.
Quarter 2011-4:- If i use todate fundtion with quarter parameter then i will get fourth quarter's data until Week of 19th November. BUT I WANT FULL FOURTH QUARTER'S DATA.
How do i achieve this.When i try this in a new column formula, it shows me the correct date.
TIMESTAMPADD(SQL_TSI_DAY,DAYOFMONTH("MIS Dates"."MIS Date") * -1 , TIMESTAMPADD(SQL_TSI_MONTH, 1, "MIS Dates"."MIS Date"))
But when i use the same with todate function, then it gives syntax error. I am clueless.
Todate((("Vendor Performance"."Landed CostQty AC") /"Vendor Performance"."PO Qty"), TIMESTAMPADD(SQL_TSI_DAY,DAYOFMONTH("MIS Dates"."MIS Date") * -1 , TIMESTAMPADD(SQL_TSI_MONTH, 1, "MIS Dates"."MIS Date")))
Please help. -
Month and Year has to Display as month name and Year
Hi,
For Fiscal year/period, report displays like for example <b>004.2007</b> instead of <b>July 2007</b>
I would like to see the reports as <b>July 2007</b> ( not to display as <b>004.2007</b>)..
Our financial year is <b>April to March</b>.
Help will be greatly appreciated...
ThanksHi venkat,
i could suggest something as follow:
Say for e.g. your report wants to display following way...
jan feb march.........dece.
net quantity----
char1..........x.x.x.x.x..x...x...x.
char2..........x.x.x.x.x..x...x...x.
Now what you can do is ...create restricted key figure 12 times...
Now in each restriction bring in Net quantity....
for 1st restriction edit the restriction. bring in Calendar month and restrict it to January.
then in Description of that key figure put January.......
Save and come out...
Copy that first restricted key figure and copy it 11 times........
Now go in each restricted key figure and change the restriction of calendar month by Feb , march and so on.........(Also change the description to feb. march and so on)
Now in each description include Text variable whose replacement path is Fiscal year...
In bex properties,,, make the setting SUPRRESS ZERO VALUE DISPLAY...
With this, what you can do is lets say your user just want the display of Jan to march or something similar, so whatever empty box will be created will not display.....
You will achieve the result as Jan 2006 and so on........
Hope this helps. -
Automating Month-end accounting processes
Hi All
I'm a SAP FI-CO consultant in the UK. I need to develop an automated month end procedure (preferably using Schedule Manager) in SAP for one of my client.
I would also like to automate the 'period change' in FI, MM etc. Client is widespread geographically, and I wonder if anybody have a solution of managing period end procedure keeping in mind the time differences. I could elaborate further to someone interested.
Thanks very much for your time.
Subhasish RoyHave a look at the 3rd party tool called RunBook http://www.runbook.nl/
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How to set filter criteria for month and year using in timestamp input field?
Hi,
I am using jdev 11.1.2.3,
I have one problem with Report generation,,,,,,I have one report table which is in the form of VO(query based) and i want to search this table as month and year basis
but in this table(query) that field having timestamp based value.. how to search with month name and year only.. Here i am using totally query base VO's for generating
reports........ Can any one guide me.
Thank You.You can use a inputdate, which allows you to selecte a moth, year and a day. Once the selection is made you convert it to only allow moth and date like
<af:inputDate label="Label 1" id="id1" autoSubmit="true" value="#{bindings.myMonthYear1.inputValue}">
<f:convertDateTime pattern="MM/yyyy"/>
</af:inputDate>
<af:outputText value="Selected #{bindings.myMonthYear1.inputValue}" id="ot1" partialTriggers="id1"/>
then you have a string holding month and year only. This value you split into two variables you or pass it as a whole parameter to the query and split it there.
Another way is to add two static lovs one for month and one for year and use them to get to the filter values.
Timo -
Can the standard datepicker show only Month and Year
Hi All,
My requirement is to show the Date Picker with only the Month picklist and Year picklist.
That is there shouldnt be the date table below.
Is it possible to show...
Thank You,
Sombit.Sombit,
You can create a poplist and show there Month & Year. like Jan, 2009, Feb- 2009.
Thanks
--Anil -
How to get currect date by using month and year
hai,
By using month like 'Jul' and year like 2007 i want to get full date like 01/06/2007(format).Please give me query for this?My fields for month and year are respectively vr_mnth(varchar) and in_year(number)i used to_date function but it accepts only one string .if i give like this
to_date(vr_mnth,in_year,'dd/mm/yy') it will gives me syntax error.
If i give like this vr_mtnh='Jan'
to_date(vr_mtnh,'Mon') it will give output
01/01/2008 it shows me current year
if i choose from table wich is strored with month-'Jul' and year=2006 it shows me
01/07/2008 only .It doesn't shows me that 2006 year
If i give in_year in to_date it gives me that currect year.
Ex:to_date(in_year,'YY')..............>01/01/2006
Individually to_date function works fine but i want to club both to get accurate date format of specified month and year.Is there any function for that in sql to get 01/07/2006? -
List of Month and Year in SSRS report parameter?
Hi, I have two parameters in my SSRS Report i.e. Month and Year. I want to show the list of all Months in dropdown and years for a particular range say 1995-Current Year.
Can any one suggest me the query for how to get it to work.Thanks!!
MCPI am not sure I what you're business needs are for this report. You stated that you need the month and year for parameters. If this is the case then there has to be a date and time column in which you can query against to provide both the month(s) and year. In order to accomplish this using t-sql without querying an existing column would require a loop or cursor based approach,which can negatively impact performance, or a union statement specifying a string literal and the effort to write either of these would exceed the effort required to statically assign the parameter values in reporting services. The below query shows how to statically create a query for each month and its ordinal position in the year and the same could be done with the year(s) 1995-2009, but this process involves more resources than assigning the static values for the parameters
SELECT DATENAME(MONTH, 1 ) AS MONTH,
1
UNION
SELECT DATENAME(MONTH, 2 ) AS MONTH,
2
UNION
SELECT DATENAME(MONTH, 3 ) AS MONTH,
3
UNION
SELECT DATENAME(MONTH, 4 ) AS MONTH,
4
UNION
SELECT DATENAME(MONTH, 5 ) AS MONTH,
5
UNION
SELECT DATENAME(MONTH, 6 ) AS MONTH,
6
UNION
SELECT DATENAME(MONTH, 7 ) AS MONTH,
7
UNION
SELECT DATENAME(MONTH, 8 ) AS MONTH,
8
UNION
SELECT DATENAME(MONTH, 9 ) AS MONTH,
9
UNION
SELECT DATENAME(MONTH, 10) AS MONTH,
10
UNION
SELECT DATENAME(MONTH, 11) AS MONTH,
11
UNION
SELECT DATENAME(MONTH, 12) AS MONTH,
12
David Dye -
I am trying to pick out the right membership plan for us and the monthly plan and yearly plan allow a ceretain number of forms, however the membership materials do not clearly state how many hosted web response forms are allowed in each plan whether it is monthly or yearly? I need the answer before we decide
With the Basic plan you can have up to 5 online forms at any given time. There is no quota per month or per year. If you need to create a another form after your reached the quota then just delete one of the other form first. There is no quota for the Plus plan.
Same is true for the maximum responses. You can always export and delete responses to receive more if you have reached the maximum number of responses the plan allows.
Not that the Plus plan comes cheaper per month than the Basic plan but this is because you get a discount for commiting for the whole year.
Gen
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