Month end billing

Hi,
We have issue on the scenario of RRB
we will be doing weekly billing
The issue is:
For example:in the last week on the month it may fall in to next month:
(Last week (28,29,30,1,2,3)28,29,30, will fall in June......and 1,2,3,will fall in July.)
but here they want to run DP91 on 05-July for previous month of June by giving posting period as 06/30,system has to pick only up to 30-june and do billing.
if its possible please tell me the procedure how to achieve this?
Regards

Hi Guru,
I guess this can be done by setting the billing dates in the factory calender.
Say for Ex: you want to do billing from 28-30 June, You can specify this in "Special Rules" in the factory calender.
Give the valid from and Valid To date as 28 June and 30th June respectively. IN the next row specify the billing date as 5th July in both Valid from and valid to columns. Remember to tick the "Workday" checkbox. Specify a text as "June last week billing" .
Suppose you want to bill from 1st July to 9th July. Specify valid from as 1st July and valid to as 9th july. In the next row specify the billing date as 12th July and tick the Workday chekcbox.
By doing this, based on the billing schedule maintained (as explained above) in the factory calendar, when you do billing run (DP91) on July 5th the billing run will only be considered for the period from 28th - 30th June.Similarly when you do billing on July 12th system will only consider from 1st to 9th July.
Hope you have understood this. Try this and revert. If possible take help of your SD consultant.
Best Regards,
Gokul

Similar Messages

Direct Posting of Sales in FI and month end closing

Dear Experts
I learnt that :
Sales Direct Entries may be posted in FI without posting in SD/MM.
Sales entries must always be posted only through SD process. If this is NOT done (for example freight rate received from third party freight forwarders), then only FI people should know how to reconcile and NOT sd people. Hence I recommend posting your query in FI forum after closing this thread.
Regards,
My question is , during month-end closing how should FI or accounting address the above direct posting issues?
Apparently, such practice is not right.
There is no trace of the sales in SD MM. There is no corresponding billing doc in SD MM but found in FI .
How should this situation be handled as best practice?
I am BI person but found this issue with FI data not reconciled with SD MM.
I am not sure how the month-end closing was done when there is such data. Yes, the problem was found AFTER month was closed and I loaded the data to BI.
best regards
Pascal

Dear Sirs
What is the fastest easiest way to find out which FI direct entries were posted without corresponding Sales / Billing documents created ?
Is there any standard report or reports available in oss?
Currently, our other interfacing systems are having problem with data due to direct entries where there is no corresponding Sales / Billing docs posted. This is causing a lot of time investigating what entries caused the reconciliation problem.
Your help would make my life easier.
Thanks!
Regards
Pascal

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

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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 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
Assets
Fixed Assets
-Execute the depreciation run (SAP FI-AA)

Current Assets
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 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 Owners Equity
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
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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 procedures

hi sap gurus
can anybody give me the list of month end closing procedures with T.Codes
thank you

Hi
Month-End Closing: Checklist
Assets
Fixed Assets
-Execute the depreciation run (SAP FI-AA)
Current Assets
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 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 Owners Equity
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).
assign points if useful

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

FICO month-end?

Hi,
if i only use FICO module; do i need to run month-end?
regards.

Hi,
some of teh month end 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.
chandra

Reg month end operations

Hi,
   can anyone let me the operations to be performed at the end of every month as far as FI is CONSIDERED.
Regards.
venkat.

Hi
Find the follwoing checklist for month end and year end process
1     Execute Report for InterCompany Activity & Journal Entries
2     Open posting period for next yr
3     Run Business Area's Assignment report.
4     Review list of recurring journal entries
5     Execute Recurring Entries for A/R, A/P, G/L
6     Process Parked A/R, A/P, G/L accounting documents
7     Final Cutoff for the Maintenance of Fixed Asset- Add Transfer and Retire
8     Run Depreciation in Test Run and post
9     Verify Display Log for Depreciation Test Run
10     Capitalize AUC Assets if needed
11     Enter Payroll Data to SAP
12     Verify Depreciation Balances with GL balances
13     Post Depreciation
14     Execute Asset History Report, and retire assets if needed
15     Adjust specific depreciation areas if necessary
16     Reconcile AM subledger with GL
17     Check Bank Data
18     Review AR Open Items
19     Review AP Open Items
20     Execute Pending Invoices
21     Clear Open Item for GRIR, freight
22     Reconciliation of Financial Documents and transactional figures
23     Open new CO Posting Period
24     Compare current (cost estimates) with last current price (Moving Avg)
25     Update current cost price to material master price field.
26     Process Freight charges, Match SD freight to actual
27     Review Internal Order Postings
28     Settle All Orders
29     Verify All Post Goods Issue have been Invoiced (Billing Due List)
30     Review SD Billng Doc from prior mth that have not yet been released to accounting
31     Reconciliation of MM movements in Transit Intra-SAP to NonSAP
32     Reconcile PI Inventory with SAP
33     Perform Manual Adjustment if needed
34     Verify balance of the GR/IR account
35     Post Accruals and Deferrals
36     Clearing of Cancelled Documents
37     Check Profitability Segment Adjustment
38     Aging Report-Reconcile GL balances with subledger balances AP
39     Check the check run numbers
40     Bank reconciliation Data
41     Enter Tax Journal Entry
42     Reconcile GL balances with subledger balances AR/MM/AP
43     Display Balance Sheet Adjustments
44     Post Balance Sheet Adjustments
45     Post Foreign Currency Valuation (foreign exchange)
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
49     Check COGI--for both month end and year end
50     Doubtful receiviables
51     Verify In-transist Inventory
52     Reconcile PA to G/L
53     Post Cost Centre Assessments and Distributions
54     Run CO-FI Reconciliation to balance
55     Run BW reports P&L and Balance Sheet
56     Maintain CO yr variant
57     Fiscal Yr Balance carryforward AP/AR/AM
58     Fiscal Yr Balance carryforward CO
59     Fiscal Yr balance carryforward FI
60     Fiscal Yr balance carryforward PCA
61     Set Document number ranges - FI
62     Set Document number ranges AP/AR
63     Generate Financial statement Reports
64     Change Fiscal Year For Assets
65     Year end Closing-- Asset Accounting--final for year end
66     Close CO Posting Period
67     Close Prior A/R Posting Period
68     Close Prior A/P Posting Period
69     Close Prior MM Posting Period
70     Reverse accruals and deferrals for the new month
71     Reconciliation of Financial Documents from old fiscal year and new fiscal year
72     Load Balances, Budget Data for Cost centers, sales
73     Update Retained Earning Account , balance carry fwd
Cheers
Muralidahar

Changing from quarterly to monthly 'whole bill DD'...

I currently pay by quarterly 'whole bill direct debit', and just pay the standard £11.54 a month (I only use the line for my broadband, I use my mobile for calls). I want to pay monthly instead, but still want it to be the whole bill DD rather than just setting up a fixed monthly payment plan, and it is not giving me the option to do this online. The help section mentions the option of a monthly whole bill DD, so I don't know why it doesn't offer it to me.
My next bill is due out in a few weeks (I've already paid up until 11th August) but I have a credit of about £22 on my account due to a billing error last time. If another quarterly bill is produced I'll only owe about £13 for August-November's line rental, which is fine, but I'd rather get the monthly bills set up now if I can. Hopefully this will give me a zero balance on my next bill, a very small balance to pay on September's bill and then the normal monthly line rental will start from October onwards.
How can I set this up? I also want to change the DD date to the 1st of the month in line with my other bills, because at the moment it comes off around the 27th, which isn't too bad for the quarterly DD but will be a bit of a pain for the monthly one. It'll let me specify the payment date if I set up a monthly payment plan, but I don't remember being given an option for the whole bill DD.

Hi EHL123 and welcome to the forum!
The Quarterly DD you are on at the minute is known as whole bill DD,you can change to standard monthly DD but this also means going to monthly billing aswell.
Also you cannot choose what day the payment is taken on a standard monthly/Quarterly DD.
If you choose MPP then you will receive your bill every Quarter but your payments will be taken monthly on the day you choose this option may be best for you if your payments never exceed 11.54.
I have checked my own account and cannot see a option to change this either so give BT a call on 0800 800 150 and they can change/setup the required method.
Inherent omniscience - the ability to know anything that one chooses to know and can be known

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 InvoicesF-43
4) Collect and post all customer InvoicesF-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 ReconciliationFF67
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

Month end billing

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