Period-end closing process for product cost collectors

Hi Friends
Please explain me step s involved in period-end closing process for product cost collectors.
Regards
Sandeep

Dear Mr.Sandeep,
Using CO88 - variance will be settled.
Please go through this link.
<u>http://help.sap.com/saphelp_470/helpdata/en/5f/1faba54aee11d189740000e8322d00/frameset.htm</u>
If useful reward points and close this thread.
Regards
Mangal

Similar Messages

Period end closing step for product cost collector

Hi All,
I have never worked in repetitive manufacturing environment before. My client is implementing repetitive manufacturing with backflush. Could someone clarify me the following.
I have understood from the documents that we need to do the following:
1. cost center allocations
2. Calculate the actual activity price (KSII)
3. Revaluate all the cost collectors with the actual activity prices
4. Overhead calculation
5. Variance calculation
6. Settlement of cost collectors
Could someone tell me, does all the above period end steps are followed in the industries? Otherwise, could you write what is actually followed.
Thanks
Susan

The steps are correct. In case you are using reporting point backflash, then you need to execute WIP calculation as well. For this you need to include following activities before variance calculation.
1. change WIP cut off period (KKA0)
2. Execute WIP calculation - Collective (KKA0)
Regards
Rakesh Pawaskar

CO88 - Collective Settlement Processing for Product cost collectors

Hello Gurus,
I have couple of Settlement related problems. Please advice if you have any solution to fix these problems.
1.We are using CO88 - Collective Settlement Processing for Product cost collectors but some of the cost collectors are not settling fully. Where as the same cost collector settled individually without any problem.
2. Some cost collectors are settled but very small amounts are still there as un-settled.
Thanks in advance.
Vishwanath.

Hi
Welcome to SDN! We hope your 1st experience here is good
Issue 1: It depends on the error that you got at the time of settlement... Many times, when a PCC is being posted to from Production while you are trying to settle, it can give you error...
later on it can be settled w/o any issues
Issue 2: Ideally there does not remain any amount after settlement.. May be the amount which you are seeing pertains to the next month.. You can shift to periodic view using CtrlShiftF11 and see if any balance really exists
BR,Ajay M

Target costs for product cost collector

hi,
can anyone tell me when are the target costs updated for product cost collector. it is after we post actual costs or after we calculate variance.
Thanks

Hi Elaine,
Thankyou very much for the Information. In our case when we create new product cost collector and cost it and post actual costs to it, system is showing target costs on the product cost collector even before variance calculation but for product cost collectors which are existing from long time system is not showing target costs after we post actual costs. we have created new cost component structure recently and its active from april 1. does this have any impact on the target costs. Please let me know if you have any idea on this.
Thanks,

Business Content for Product Cost Collector analysis - KKBC_PKO

Hello,
I have a user requirement to setup a report that matches the KKBC_PKO report in ECC.
Is there any business content that can help me do that?
Many thanks,
Claudio

Hi,
I guess you shoud check out one of the 0CO_PC_* datasources. Check also the business content for applicaten controlling->product cost controlling. [BCT|http://help.sap.com/saphelp_nw70/helpdata/en/37/dc143c65b8b800e10000000a114084/frameset.htm]
Siggi
Edited by: Siegfried Szameitat on Jul 14, 2010 2:47 PM

Question in Product Cost Collectors

Hi All,
I have one question in Product Cost Collectors.
We are using REM and we have multiple products with same BOM routing. Is it possible to assign several materials to to one Product Cost Collector inorder to reduce number of cost collectors.
For example, for routing we can create a Group and assign serveral materials to a group.
Thanks and Regards
Purushothaman

Hi Purushottam,
In REM, it is required to create it for every material.
Even if material has more than one production version, need to create separate Product Cost Collector.
Some more explanation on Product Cost Collector -
u2022 Object in cost accounting used in Repetitive Manufacturing.
u2022 A separate product cost collector can be created for each production version or material. The collected costs are settled to inventory at the end of the period.
u2022 The functions performed for product cost collector during the period end closing process include :
u2022     Work in process (WIP) caculation
u2022     Variance calculation
u2022     Settlement
u2022 In Repetitive Manufacturing, all costs attributed to the production of a material are collected on a product cost collector and settled periodically (period-based Controlling).
u2022 The product cost collector is settled periodically according to the posting period (for example monthly) .
u2022 For a material , product cost collector is made for each version
u2022 The actual cost collected can be viewed through product cost collector.
Hope it is clear now.
Srini

Profit center change in product cost collector

Hi All,
I would like to know what precautions we should take for mass changes of profit center corrections in the "Product Cost Collector".
I want to make same profit centers in material master and in product cost collector for that we need some report on "Product Cost Collector" or table name so that we may compare the profit center in material master and Product cost collector in order to make them in sink.
Regads,
Raj

Hi All,
My query is from which T-code of product cost collector or any table by i get matrial and profit center combination.
Also i would like to know any precaution if any change of profit center in material master for product cost collector (privious is X cost center and now i am changing to say Y).
Regds,
Raj
Edited by: RBS123 on Jul 15, 2009 8:24 AM

Product Cost Collectors not settled to GL's during Period end Close

Hi,
We are using the repetative manufacturing process. We have an issue with our repetative manufacturing orders, during the monthly period end close.The product cost collectors WIP is not been settled to GL's.
The normal production orders are been settled to the GL's and both use the same settlement profile.
Can anyone suggest where could be the problem?
Thanks,
Srini

Hi,
In the SAP standard (as per the transaction codes indicated by you) it is not possible to include multiple plants. Either you have to execute for one Plant or for all plants. Probably, in Test run you can execute for all Plants and check the results, and then decide.
Thanks
Murali.

Period end closing for production orders

Dear all,
what is period end closing???
Pl. enlist all period end activities for product costing by order scenario.
what inventory adjustments are necessory.
what FI entries required to post??

With respect to PP- Period end closing is the procedure to close all the production orders and see that cost is flowing from production order to material
During period end - we TECO all the orders and see that production is complete from PP angle. Then costing will calculate over head/variance and settle the difference to production material or price difference a/c depending on the production material price control.
Just see below the example of a production and costing entries. Thi8s may be helpful to understand the concept.
Planned price
Planned Material cost = 115.15USD
Planned Activity cost = 6 USD
Planned Over head = 25% of material cost+ 250% of activity cost = 28.79+15=43.79
Total cost = 164.94
Product cost as per S price = 1 USD (example)
After GR and confirmation
Actual Material cost = 7456.55 USD
Actual Activity cost = 2USD
Total cost = 7458.55
Actual O/H = 0
Production variance = 7293.61 USD
After o/h calculation
Actual Material cost = 7456.55 USD
Actual Activity cost = 2USD
Actual O/H = 25% of material cost+ 250% of activity cost = 1869.138
Total cost = 9327.69
Production variance = 9162.75
After settlement
Actual Material cost = 7456.55 USD
Actual Activity cost = 2USD
Actual O/H = 25% of material cost+ 250% of activity cost = 1869.138
Total cost = 9327.69
Production variance = 0
Variance will be settled to Price difference a/c.
When we do the GR the FI a/c will hit as below
Production order expense a/c -
stock a/c +
When we GI the following a/c will hit
Raw material a/c -
Production order expense a/c +
When we settle
Production order expense a/c + or -ve
variance a/c = + or -ve
I hope this will help you.

Steps for Period end closing

Hi All,
Can any one please provide me with the actual steps towards Period end Closing and year end closing for Financial Closing.By step I mean steps in order i.e which step will be followed by which one.
This is urgent
Pinee

Hi
http://www.sap-basis-abap.com/fico/sap-fi-month-end-and-year-end-activities.htm
First you will have to close the Posting period in the Materials Management side. To do this use the T.Code MMPV and give the period that needs to be Opened. Once this is done you will not be able to Post any Material Documents in the previous period.
Now at the Financial side you need to open the next period and at the same time you need to close the Previous period. This can be done in T.Code OB52
here is the list for FI/CO year end closing check list:
now i am sending one document with T.codes
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)
Hope ths helps
Please reward points
Sunil

Automatic Settlement for Prod.orders & Product Cost Collectors.

Dear all,
Please help me how to carryout the Automatic settlement of Production orders &
Product Cost collectors on every month last working day mid night.
Please tell me how to schedule this as an automatic scheduled job.
This program is not been allowed to schedule as a job.
Waiting for your inputs.
Please help me.
Regards
Mangalraj.S

Hi
Create a Variant with the order types need to be setteled at the period and schedule the same in background processing.
Regards
Venkat

Abolish product cost collector for production order

Dear Experts,
we use for some production order types the product cost collector. Now we plan to abolish them and change the settlement for production order. Which things do we have to pay attention? Do we have to finish our running production orders first or is it possible to change customizing during running production process. Thanks for your hepl!
Best regards
Steffen

Hi Ajay,
thank you for your answer.
We have tested two variants:
1. new order type, so we can process two separate settlements, for orders with PCC and the new orders without PCC. After archiving of all prodorders with pcc, archiving of pcc it should be possible to switch back to old order type.
2. change customizing without finishing existing orders, settlement for existing orders, all orders which already have been processed will be settled by pcc (status pcc usage in order header) We have not be seen any strange system behavior.
We use the pcc collector for different order types in different plants and want to abolish plant by plant. In this time the pcc will still be customized/exists.
Best regards
Steffen

How to maintain One product cost collector for multiple materials and configuration setting

Hi experts,
my requirement is that i want to maintain one product cost collector for multiple materials ans also i want to know the configuration setting for the same.
I have used KKF6N but it is not working in my case. I went through KKF6M also but there i found multiple cost collectors.
please guide me in the same.
Thanks in advance.

Hi Shripad,
you cannot assign same Product cost collector to different material.
Because you creating cost collector for material combination of material /production version,material /Bom Routing.
so please create individual cost collector for every material.
if you have any query kindly revert back.
Please mark the answer as helpful if it is helpful to you.
Because march 5 onwards scn has stopped awarding points to liked content.
Starting now: No more points for likes on comments/replies
Thanks & Regards
Sandeep Kumar Praharaj

Enhancement Request for Period End Closing

Hi All,
When using Segmented Chart of Accounts, the Period End Closing procedure does not allow you to select different GLs from various companies.
The Trial Balance for example, does allow you to select the different GL sets by pressing Find in the Selection Criteria.
In cases where there is a different Retained Earnings accounts for each company on the same Chart of Accounts, you are forced to perform the Period End Closing on a single Retained Earnings account for ALL the companies.
Please can this be enhanced much like the Trial Balance.
Kind Regards
Tanveer

Tanveer,
you could try use more than one retained earning account. But in the report, there is expanded button where you can choose the posting various date. I also suggest to post your message to the other forum within business one forum as suggested in the note but I am not sure it will be fulfilled quickly. Maybe in the 2 or 3 or even 5 years later who knows.
Submit a ticket to SAP support to know the work around.
Rgds,

Period end closing for FI and AA.

Hi,
pls. explain me in detail Configuration for period end closing for FI and AA.
thanks
jay

Hi
In FICO period end closings are
Monthly Posting periods
All park documents
Automatic Payment Program
GL A/cs
Vendor A/cs
Customer A/cs
Recuring Entries
Depreciation
BRS
Integration MM, SD
Withholding Tax etc.,
CCtrs
CElmts
Internal Activity Allocation
Internal Orders
Distribution Cycles
Assessment Cycles
COPA Reports etc.,
AA
Depreciation Run (AFAB)
Asset Under Construction (AUC) this is year end closing activity.
Shammi
assign points if it is helpful

Period-end closing process for product cost collectors

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