MONTH END CLOSING ACTIVITY

Dear all
pl, explain few questions
1) What r the month end closing activities done in SAP PP?
2) How do u capture product cost?
3) What is Teco, closing a prod. orderand order settlement?
thanks
Raj

Hi Raj,
1) What r the month end closing activities done in SAP PP?
Wun WIP (KKAX/KKAO) and settlement KO88/CO88. Prior to this carry out TECO for all orders which are technically complete.
2) How do u capture product cost?
Product costing is done using quantity structure generally for production using BoM and routing costs which are basically material and labour costs. The transaction used for this CK11N. The planned cost is captured in the order when you create a prod order. The actual costs are booked to the order when you post the goods issues and perform confirmation. The planned costs for labour are derived based on the activity prices for every activity which are linked to the standard values of the operation. Activity prices are maintained in Co using KP26 transaction.
3) What is Teco, closing a prod. orderand order settlement?
TECO means Technically complete. By setting TECO the order from logistics point is set as complete. The pending reservations are deleted. The prod orders are not considered to deliver goods anymore. So will not appear in your stock/reqmnts. But still you could post goods issues. By Closing the production order you cannot post any document. It is financially closed. The pre-requisite for CLSD status is that the order balance is set to zero. By settling an order it means the order balances if any are brough to zero by posting the balances to relevant GL accounts. To WIP account if still WIP exits or to Material account if it is TECOed or fully delievred.
Hope this helps.
Regards
Ram

Similar Messages

  • Month end closing question from a DBA

    Hi all,
    I am a DBA not a functional setup person/Business Analyst; so excuse me if my question is not put in business terms.
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    o     Subinventory transfers
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    o     Inventory adjustments
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    o     Invoicing of any shipping activity past cutoff o     Manual invoices and credits
    •     Accounts Payable
    o     Invoice entry and cancellation
    o     Manual or batch payment runs
    Question that I have is: how can month end closing be done where each of these countries could freeze these activities for their last day of month when last day of month starts obviously earlier in Australia and China compared to US, Canada and Peru? As of now, they all seem to follow the last day of the month procedure as the US. It takes about 7 hours for the whole process to run.
    All comments/suggestions welcome.
    Thanks,
    Edited by: DBA115102 on Mar 4, 2011 7:14 PM

    Hello.
    SQL> select p.period_name, ae.event_status_code, p.closing_status, h.AE_HEADER_ID
    2 from ap_ae_headers_all h, ap_accounting_events_all ae, gl_period_statuses p
    3 where ae.accounting_event_id = h.accounting_event_id
    4 and h.period_name = p.period_name
    5 and p.application_id = 200
    6 and p.closing_status = 'C'
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  • PM month end closing

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  • Month end closing procedures

    hi sap gurus
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    thank you

    Hi
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    -Settle the work in process (SAP FI-CO)
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    Cost center-related tasks:
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  • Direct Posting of Sales in FI and month end closing

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    I learnt that :
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    Dear Sirs
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  • Queries regarding Year End Closing Activity

    Hi Experts/Moderator,
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  • Month End Closing - Schedule Manager

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  • Month End Closing Procedure.

    Hi,
    Can some one send me month end closing activites carried out with  T Code to my mail id is [email protected]
    Points will awarded.
    Regards,
    Kiran.

    Hi
    Month end activitites with Transaction code :
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    AFAB - calculate depreciation
    F.05 Foreigh Currency valuation
    F.5D calcualate balancesheet adjustment (in case of business area adjusment)
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    3. Variance:KKS1 - Collective Processing
    4. settlement:CO88 - Collective Processing
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    If the answer is helpful kindly assign points
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    Mahesh

  • Month-end closing

    hi,
    After go-live for month end closing, what are the activities to be followed up from SCM/MM  view point.
    regards
    fozters

    Hi,
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    reg
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    *assign points if the info is useful

  • Month End Costing Activity

    Dear,
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    Kaushal

    Pls. see the system msg :-
    Sytem message 007 from work area SU does not exist
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    Message 007 from work area SU was not defined.
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    You have to maintain this message in the system.  If you have authorization for Customizing, maintain the general program errors. Otherwise, please inform your system administrator.

  • CO Production Order month end closing and settlement question

    We are a utility without PP module.  We use CO Production Order to accumulate costs of assembling components (parts and labor) into a material number that we receipt into inventory.  We have questions about month end closing process and the settlement of these CO Production Orders when receipts are not complete or labor is not completely entered at month end.
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    Hi,
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    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)
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    Revaluation of foreign currencyopen items(F.05)
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    Copy the No Ranges to new year
    Open the Next  year period(OB52)
    I Hope this is Helpful,
    Assign the Points.
    Regards,
    Padma

  • AP month-end closing question

    consult :
    if there are records in table 'ap_accounting_events_all' which EVENT_STATUS_CODE = 'CREATED' , will them influence the AP month-end closing ??

    Hello.
    SQL> select p.period_name, ae.event_status_code, p.closing_status, h.AE_HEADER_ID
    2 from ap_ae_headers_all h, ap_accounting_events_all ae, gl_period_statuses p
    3 where ae.accounting_event_id = h.accounting_event_id
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    5 and p.application_id = 200
    6 and p.closing_status = 'C'
    7 and ae.event_status_code = 'CREATED';
    no rows selected
    SQL>
    As you can see, i cannot find similar situation. My database has data since 1998. Perhaps we are using different APPS versions, mine is 11.5.10.2
    Octavio

  • Month End Closing Procedures in Rep Mfg for PP

    Hi..All
    wat are all the steps involved in month end closing procedure in Rep. Mfg for PP module....??
    plz guide me in this regard.
    with regard,
    LN

    Hi,
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    The month end activities are the responsibility of CO people.
    Unlike Production Orders, no need of closing of Pl. orders or some thing like that..
    All the month end activities are related to the PCC.
    Hope this clarifies..
    Regards,
    Siva

  • Issues with Month-end closing

    All SAP FI Gurus,
    What are the typical issues one can run into when doing Month-end closing activities. Any good input would be rewarded with points promptly.
    -- Sameer

    1. Inter company reconciliation issues.
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    Dear Experts,
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    Thanks & Regards
    Bharath

    Bharath
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