Month end in new gl

hello gurus,
what are the things which will automatically updated during the month end in new gl..
thanks & regards
hanuchowdary.

Only FI-CO reconcilation is done automatically . Rest you have to schedule it through Closing cockpit ( new functionality since ECC 5.0)

Similar Messages

New GL ...month end processes.....

If I make the PCA as balancing segment, will the month end open item revaluation will be posted by PCA also?
Will the BCF will be executed by PCA also?
If One company code is mapped to one PCA (which is balancing segemnt), what the month end posting willnot be done by PCA?
Any inputs is appreciated.

hi maddi,
Pls check inthe Tcode F.97 for all GL accounts
F.98 for the Vendors
F.99 for the Customer
enter the Tcode and drill down each and every line item u can find it and it is very usefulll ...
Hope this helps u and assign the points if helpfull
Ranjit

ICR Process 003 Month-End Cut-off

We have implemented ICR process 003 in the 5.0 system. It seems that "posting period" relates to the period that the document was posted in ICR not necessarily to the customer account. How can we get a good month-end cut-off when new documents are posted all the time. For instance, when we run FBICS3, FBICA3, and FBICR3 after the new period begins, it will pull in documents created in the new period and all still open before in previous periods.

Hello Staci,
The period and year you enter on the selection screen is combined with the fiscal year variant maintained in your process customizing to derive a key date for open item selection. The open items are then selected in the sender system and stored in the year and period specified on the selection screen in the ICR database. This is also explained in the first message that is displayed in the log of data selection.
Best regards,
Ralph

How to define payment term - Net due 45 days after month end

Anyone have experience of payment terms such as "Net Due 45 days after Month End"?
I'm trying to define payment terms where the amount is due X days after month end.
Terms such as 10 days after month end are OK because I can set "Months Ahead" = 1 and "Day of Month" = 10
However, I can't exceed a value of 31 in the "Day on Month" field. I could assume that a month is 31 days and therefore set "Months Ahead" =1 and "Day of Month" = 14. However, this won't always be true (depending on the month) and it will impact aging buckets.
Anyone encountered this before? (These payment terms seem to common in France and Denmark)

Hi Supriya,
In OBB8, create a new payment term with the following settings -
Default for baseline date = No default
Payment terms/Term 1/Fixed date = 1
Payment terms/Term 1/Additional months = 2
This payment term will ask you for a baseline date on document entry. You can give the delivery date as the baseline date. If required, this date can be changed after posting the document also.
Hope this helps.
Regards,
Mike

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

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.
Basically we need to know how other non-manufacturing companies handle the settlement process.

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

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

MM Month end Process

Hi,
Could anyone please explain briefly about the MM Month end Process.
Very Urgent!!!!!!!!11
Reg,
Ashok

Hi
In order to complete month end process we need to close MM period
following are some trnx which we use for month end closing process
MMRV:You can see which period is open in MMRV and sed to open back period posting for one period.example, if ur period open 12th(december), You can posting in 11th (November) by allowaing back posting.
MMPV : is used to closed Old period which in turn open new period ( i.e If u close dec period it will open Jan period as current period and Dec will become Previous period)
All above are related to MM module
In similar way FI peoples also close or open new periods
also read following for more info
http://help.sap.com/saphelp_nw04/helpdata/en/50/dc9e10122211d3a54fdfb7b31fd578/frameset.htm
Vishal...

Best practice recommendations for Payables month end inbound jobs

During Payables month end we hold off inbound invoice files and release them once the new period is open so that invoice get created in new fiscal period. Is this an efficient way to do? Please advise best practice for this business process.
Thanks

Hi,
Can someone provide your valuable suggestions.
Thanks
Rohini.

Could anyone suggest me for Month end closing!!!!!!!!!!

What does closing subledger and other ledgers mean in month end closing. I am new , I would appreciate if anyone helps with monthend closing .I will assign you points.Thanks in advance.

Hi,
Go to T.code OB52 there u can see account types as D,K,S,A.
D-Customers
K-vendors
A-Assets
S-general ledger
D,K,A are the subledgers and give the from period and to period so that they will be open for those periods.The above range will be closed.

Month end date in RPD

We need to show month end date for a given date in a table.
Say the date is '03-25-2008', then output should give me '03-31-2008'.
I want to create a new derived column like this in rpd.
I believe variables cannot help me here, because we will need to have month end date for each value the date column will hold.
Please let me know how can we achieve this.

Hi....
Better go for creating view by writing the direct function.
if db is: ORACLE, then LAST_DAY(<date column>) is the function to get the last day of the date column.
but in creating view you also fetch the key column of the particular date column table and the above function too... it's like
select key column, LAST_DAY(<date column>) as LastDate from TableNameA
now you create a physical join between the TableNameA and the view, which maintains 1to1 relation ship.
So that we can use the LastDate column in our BMP layer in particular TableNameA logical table.
I think it works out probably....
If not sorry...
Thanks & Regards...

Forecast Doubling at Month End

Has anybody run across the anomoly where when a month ends and a new month begins in the same week and the forecast numbers double?
Thanks
Paul

Hi Paul,
You could try out the following in your quality system to try to find out exactly where you have the issue (if not done already):
1) Delete the forecast for one product (or few products) using /sapapo/md74 for all time periods for which you release the forecast from DP to SNP
2) Modify the variant of the job that you use to release the forecast to include only the product (or products) for which you deleted the forecast above (leave all other selection criteria as they are)
3) Run ONLY the forecast release job. It would now release teh forecast only for your selected products.
Now check the forecast data for the above selected products in SNP planning view:
a) If data has not doubled yet in SNP, that would mean that some SNP macro which runs later in a job must be causing the doubling. Focus on the SNP jobs that run after the release, and try to identify the macro.
b) If the data is having this doubling issue already, then try to come out of the SNP planning book. You would see either of the following behaviour:
b1) If system asks you for a save that means that some default macro has run when you entered the planning view, and it's trying to save the data when you exit the view. You can then focus on the default & entry kind of macros available in your planning view.
OR
b2) If system didn't ask you to save, that means data had already changed during release. Then you could focus on enhancements used in release or possible SAP bugs.
Hope this shoudl help.
Thanks - Pawan

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

Excise Month End & Year End activities

Dear All,
Just wanted to know what are the steps we need to carry out when doing month end activities.
I found out that J1I5 is not necessarily required to carry out. If we do J2I5 & J2I6, its enough for utilization. Is that what we need to follow ?
Please tell me the steps to be carry out during month end closing ?
Regds,
CB

HI,
utilization is important for excise
J2IUN
make sure you post part2 for part1 document
excise register updation RG1
check following link also
[http://forums.sdn.sap.com/thread.jspa?threadID=852676]
    J2IUN - Monthly utilization
    J2I5 - Extract
    J2I6 - Print Utility
    J2I9 - New Monthly Returns Report
    J2I8 - Avail.of subs credit for Cap Goods
    J2IU - Fortnightly Utilization
    J2IC - Service tax returns
    J2IB - Service tax challan
    J2IER1 - Monthly er1 report
    J2I7 - CIN: SAPScript reporting customizin
    J2IF - Display document flow
    J2IRAP1 - Print RG23A Part1
    J2IRG1 - Register RG1
    J2IRAP2 - Print RG23A Part2
    J2IRPLA - Register PLA
    J2IN - New RT-12 Report
    J2IRCP1 - Register RG23C part1
    J2IR23D - Register RG23D
    J2IRCP2 - Register RG23C Part2
complete subcontracting challne if any pending in current month
Regards
Kailas Ugale
Edited by: kailasugale on Feb 29, 2012 5:20 PM
Edited by: kailasugale on Feb 29, 2012 5:27 PM

Forex Month End Process, Need Steps

Gurus,
Need steps for FOREX valuation on month end.
Kindly, please.
Thanks.

Hi
T-code FAGL_FC_VAL
BR Tarik
read the SAP help:
Foreign Currency Valuation Locate the document in its SAP Library structure
Use
To create your financial statements, you have to perform a foreign currency valuation. This valuation covers the following accounts and items:
Foreign currency balance sheet accounts, that is, the G/L accounts that you run in foreign currency.
The balances of the G/L accounts that are not managed on an open item basis are valuated in foreign currency.
●     Open items that were posted in foreign currency.
Open items that are open on the key date are valuated in foreign currency.
You have the following options for the foreign currency valuation:
●     You can perform the valuation in local currency, (company code currency), or a parallel currency (for example, group currency).
You can also use different valuation methods (for example, lowest value principle).
If you translate additional currencies from the local currency, foreign currency valuation automatically performs a currency translation according to FASB 52 (US GAAP).
Caution
You can only perform a valuation run once for each valuation area for a specific key date.
Prerequisites
You have made the following settings in Customizing:
●     You have defined exchange rates.
For more information, see Exchange Rates.
You have made the settings in Customizing for new General Ledger Accounting under Financial Accounting (New) ® General Ledger Accounting (New) ® Periodic Processing ® Valuate.
●     Define Valuation Methods
You have defined a valuation method here.
●     Define Valuation Areas
Here, you have defined a valuation area and assigned a valuation method to it.
●     Assign Valuation Areas and Accounting Principles
If you are using parallel ledgers, you have assigned to the valuation area an accounting principle that is also assigned to a ledger group.
The exchange rate differences from the parallel valuation are posted in this valuation area. If you perform a parallel valuation with a different valuation method to the first valuation, you do not have to reverse the postings from the first valuation. This information is then available for subsequent closing operations, for example, Transferring and Sorting Receivables and Payables
●     Foreign Currency Valuation ® Prepare Automatic Postings for Foreign Currency Valuation.
Here, you have defined the expense and revenue accounts for exchange rate differences from valuations. For payables and receivables accounts you must also define the financial statements adjustment accounts.
Features
The program Foreign Currency Valuation (New) comprises the following functions:
Valuation of foreign currency balance sheet accounts
Valuation of open items in foreign currencies
●     Saving the exchange rate differences determined from the valuation per document
●     Posting account assignments in valuation documents:
If you use document splitting, the valuation documents are posted with the account assignments that you have defined as document splitting characteristics in Customizing.
○     For balance valuation, you can define additional account assignment characteristics. These characteristics are always updated (even if you do not use document splitting). You define the additional account assignment characteristics in Customizing for foreign currency valuation under Define Additional Account Assignments for Balance Valuation. For more information, see the documentation on this IMG activity.
●     Performing the adjustment postings required
Note
The following topics describe how to perform foreign currency valuation using the reports, and how to post valuation differences. You can also make this posting manually. From the SAP Easy Access screen, choose Accounting ® Financial Accounting ® General Ledger ® Document Entry ® Valuate Foreign Currency.
Activities
To perform a foreign currency valuation, from the SAP Easy Access screen, choose Accounting ® Financial Accounting ® General Ledger/Accounts Receivable/Accounts Payable ® Periodic Processing ® Closing ® Valuate ® Foreign Currency Valuation (New).

Month end in new gl

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