Periodic year end postings

Hi Guys,
We have carried out AJAB, FY close for Assets for FY 2009 in January 2010 ( this fiscal year ).
What it did was, it did some periodic asset postings for the period 07 and period 12 , 2009.
I am wondering why the system has done the periodic postings only for period 07 and period 12 ?
The tcode i can see in those postings is ASKBN..which we have not executed..but i think when we carry out AJAB, system automactically triggers ASKBN...
Wondering why the system posted these periodic postings for year 07 and 12..
These postings are for the depreciation are 25 ( dep area01 - dep area 02 )..which says in config " Area posts APC and Depreciation on Periodic Basis "....
Srikanth.

Hi Jos,
did you get any information to this topic?
I'm also searching for a better documentation....
Thanks
Jan

Similar Messages

Period / year End Closings

Hi,
can any one please, send me the step by step Period and year end closing prosedures to be followed.
Thank you
vrk

HI Krishna
Here is the list for FI/CO year end closing check list:
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 this will make u clear
Anup

Year end retained entry postings

Hi,
I need to know that my Comp Code currency is EUR and I have posted documents in JPY, USD, GBP, EUR etc, So while doing F.16 year end postings to retained earnings accounts, for transactions which are not in EUR. What exchange rate is used or currency it will take.
Regards,
Kiran

Hi,
U need to valuate the foreign currency before running fin stat.. It can be done in cocd currency or parallel currency that u have defined.
More info -http://help.sap.com/saphelp_erp2004/helpdata/en/a6/004940f0030272e10000000a155106/content.htm
Regards,
sridevi
<b>Award points, if useful</b>

End Date of the Selection Period defaults as tax year end date in P45

Hi,
We have recently implemented both HRSP'S and CLC'S. In addition to this, we have also applied the following SAP Notes:
1. 1305238
2. 1309852
3. 1310431
4. 1316197
Despite this, we are still having the below problem with the P45 Program.
The End Date of the Person Selection Period automatically defaults to the end of the tax year, we are now unable to overide the date suggested by the system.
Can anyone suggest the cause of this issue.
Rgds
Sandy

Hi,
With the Inyear movement legal changes ,HMRC have now introduced a check where in P45 cannot be produced for leavers who have a future leaving date 30 days from the current date.
In line with the above changes,the chance of issuing P45 for future leavers is now checked by the P45 program even though the person selection end date is the tax year end date . So that's why the date is getting defaulted from the tax year.
Hope this could solve your issue.
Regards
Roop

Purchased Creativesuite Premium (CreativeSuite 1.1) over 10 years ago and I have sinced changed my computer. Even though I have transfered all my programs and my files photoshop is now telling me my trial period has ended and I need to register or activat

Purchased Creativesuite Premium (CreativeSuite 1.1) over 10 years ago and I have sinced changed my computer. Even though I have transfered all my programs and my files photoshop is now telling me my trial period has ended and I need to register or activate my program but I cannot.

https://helpx.adobe.com/x-productkb/policy-pricing/creative-suite-2-activation-end-life.ht ml
Mylenium

How to set up open&close posting period to process year-end at April

Hi FICO GURUs,
I m a new student in FICO, here i have a question as following, ask for help,
For the open period. If we need to clearing till April, how do we do for that? How to set up in open and close posting period?
Any responses will be awarded.
Thanks a lot!
Samson

In OB52 you need to manage open periods related to FI. Any periods which are not managed here implies those periods are closed
Ex: From Period Year To Period Year
04 2008 04 20008
This means 4th Period of 2008 is open and all other periods are closed.
Also you can open and close period seperately for General Ledger and Subledgers
Types A,D,K,M are subledgers and S type is for ledger.
There will be seperate open and close periods for FI,MM and CO modules
FI- OB52
CO-OKP1
MM- MMPV
Assign Points if useful
Regards
Raghu Ram

Issue in year end closing

Hi
I have an issue in year end closing. What would be effect if i do not clear the open items in GR/IR Account as part of year end acitivity. The balance in my GR/IR Account is zero as of my balance sheet date.
What would happen if i run the balance carry forward program?
Regards
Sanil Bhandari

This program will reclassify the entries for the Balance sheet reporting. Since your balance is zero there should not be any impact on the reporting side. Whether you run this program or not it will not have any impact on the balance carry forward program. Since these entries will get reversed at the beginning of the next period in any case.
The config setting will be in OBYP
The following config document may help you in better understanding.
Define Adjustment Accounts for GR/IR Clearing
The goods receipt/invoice receipt (GR/IR) clearing account is posted to whenever you receive goods that have not been invoiced yet or whenever you receive invoices for goods that have not been delivered yet.
In this activity you define the numbers of the adjustment and target accounts for the automatic postings for the GR/IR clearing account.
Transfer postings have to be made at the balance sheet date to reflect the goods invoiced but not delivered and the goods delivered but not invoiced. The program that analyzes the GR/IR clearing account adjustments this account by posting any outstanding amounts to an adjustment account. It makes the offsetting entry to the account for goods delivered but not invoiced or to the account for goods invoiced but not delivered (target account).
Edited by: Sivakumar Gopalakrishnan on Jan 15, 2008 4:11 PM

Turkey: year end close RFSUMB00 / fiscal year variant

Hello guys,
I am wondering if anyone of you have had this requirement before.
Running RFSUMB00 on a Turkish company code will blow away the balances from all G/L accounts so that each individual account has a balance of 0.
Questions:
1. How do you manage revenue accounts (cost element categories 11 and 12). A pure cost centre is not enough as CO account assignment. You can switch off error message KI 166 (so that no COPA documents are then created), but is this really wanted?
2. If each individual account has a balance of 0 at year end, how to create a B/S and P/L for that year? Especially, for previous years? The only thing that comes to my mind is using special periods (13 to 16), but.... -->
3. ...in our system, the FI fiscal year variant is not K4, but a custom variant. The fiscal year (of the group) does not end on 31st December. I have a small FI-SL application running in the background (with K4 assigned there), and I could change the FI-SL period to 13 during the document transfer easily, but I ask myself why I do not post all of these funny closing documents directly in FI-SL then? This would save me from the usage of dummy assets/customers/vendors and the continous changes made to the "automatic postings only" flag (SKB1-XINTB).
Turkey experts, any hints welcome. What are your best practices?
Thank you,
Csaba

Yes frank,
GL closing should be carried only after all the sub ledgers are closed
for asset closing
you should open the new fiscal year first (AJRW) and then close the existing fiscal year. (AJAB)
otherwise FI-AA and Fi-GL may not reconcile (use tcode ABST2 to check this)
Regards
Sach!n
Edited by: Sachin Bhutani on Jan 30, 2010 3:32 AM

FI Year End Closing

hi...
pls tell me t.code for following List for FI Year End Closing
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 - new year
62 Set Document number ranges AP/AR - new year
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
Thanks & Regards
Rekha Sharma

Hi,
Please check this
1 Execute Report for Inter Company Activity & Journal Entries
2 Open posting period for next yr (T.Code: OB52)
3 Run Business Areau2019s 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 COGIu2013for 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 Closingu2013 Asset Accountingu2013final 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)
Regards,

Year End Closing Process

for year end process:
1)I need to Post all these items (i.e; B/S and P/L a/c items) for November 2007 and December 2007. please help me how to post all these items*
2)after posting I need to carryforward AR, AP, GL Balances to January 2008
3)then I need to do year end closing process.
BalanceSheet items:
Liabilities: Capital, Other Loans, Account Payable, Income received in advance, Provision for bad debts,
Outstanding expenses: wages, salaries, rent, taxes
Assets: land n building, machinery, vehicles, furniture,Investment, Bills receivable, accounts receivable,
Prepaid expenses, cash at bank
Profit & Loss items:
Expenses:Salaries,travelling,rent,postage,insurance,interest,advertise,audit & legal fee,repairs, depreciation.
Income: gross profit b/d,interest earned,commission earned,other income
so i need to make all these items fresh postings then i should carry forward it to january, then year end process.please help me how to post all these items then i can proceed further.
thanks in advance. i'll award points..

hi,
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
if you want more details log on to following link.
http://help.sap.com/erp2005_ehp_02/helpdata/en/eb/1376b443c411d1896f0000e8322d00/content.htm
assign points if its useful

Program RFSUMB00 year end closing in Italy.

Hello All,
I am setting up all the configurations for year end closing in Italy using program RFSUMB00. Here i need some clarification on the below points.
1. dummy vendor / customer master needs to be created for each recon account. here i would like to know whtr we need to create a dummy recon account for dummy vendor / custome? if no, how would postings be happen.?
2. we need b/s opening and closing accounts for this prog. I would like to know wht entries will happen at the year end and whtr all b/s closing postings will happen to same account?

Hi,
I hope dummy accounts are not required. Please try as below. For balance sheet closing and opening accounts you can use technical accounts which we use for initial balance uploading. This program will generate one closing entry and one opening entry with the help of technical account what I have mentioned so that the balances will become ZERO in previous FY.
Closing entry happens in previous fiscal year and opening entry will posted in current FY.
Please go for FAGL_IT_02 - Italy (New). Do not go for F_IT_01 - Italy. There are some prerequisites before executing this program.
Please close normal periods of previous fiscal year and ensure that special periods of previous fiscal year are opened. Means special periods should be available for postings.
Closing postings should happen in special periods. Try with 14th period.
I suggest to run this program only in L1 ledger as this only legal requirement.
Below is for your reference where July to June Fiscal year is maintained.
P&L Account                              550016 (result of PNL account)
Net Result Account                     101001 (Retained earning account)
Balance Sheet Account- Closing 800005 (Technical account)
Balance Sheet Account- Opening 800005 (Technical account)
Parameters for closing postings:
Document Type                   UE
Posting Date                       30.06.2013
Document Date                   30.06.2013
Posting Period                     14
Parameters for opening postings:
Document Type                   UE
Posting Date                        01.07.2013
Document Date                    01.07.2013
Posting Period                     1
Try with above inputs. I hope it will resolve your issue. I have resolved in the same way in our project for Turkey.
Regards
Anand

Asset Year End - B/S Issue

Hi Guys,
We have carried out the year end closing of our company code for the FY 2009 on 20th Jan 2010 in FY 2010. (the transaction AJAB for this company code for 2009 was run on 20th Jan 2010 ).
What happened was, our company has already reported the BS figures ...for 2009.
And when we ran this AJAB, the depreciation difference postings between dep. area 01 and dep. area 02 started appearing on our Balance sheet in SAP for the period 12, 2009.
We want to correct this situation as this contradicts what we have reported and bring back SAP figures in line with the BS figures.
I have done some analysis and the depreciation differences between area 01 and area 02 were posted to the Balance sheet upon running the transaction ASKBN ( periodic postings run : May be AJAB has automatically trigerred this transaction in background and the difference postings for area 25 took place as the dep area 25 was configured to post these periodic postings for the differences ).
However, there is not supposed to be any difference between area 01 and area 02 in FY 2009 and we have corrected this situation in FY 2010 by changing the key of the area 02 to the same key as area 01.
But now, how can we rectify the depreciation differences that got posted on the Balance Sheet ( These were not meant to be like that and by accident, the dep.key for area 02 remained different in FY 2009 ).
Is there any way to reverse the postings that happened for FY 2009 for the depreciation differences between area 01 and area 02.
Thanks a lot.. Any valuable input is greatly appreciated.....
Srikanth....

Hi Paul,
Thanks for the reply.
I donot understand 1 thing. If i post a FI entry in this particular year 2010, How will it adjust the Balance sheet for 2009 ??
How will this posting affect the 2009 depreciation difference posting ?
Also ... one more thing..I could not understand about the currency conversion that you have mentioned..can you explain a little..
Thanks again
Srikanth.

Year end closing in Asset Accounting

Hi, I have an urgent problem with the above subject. I ran transaction AJAB and got the error message AU075: "Asset balance sheet values not completely posted". I ran ASKB but got the message "Company Code xxxx allows enhanced periodic postings". I then ran ASKBN and got error saying certain posting periods were not open. Incidentally, the assets that the error messages were appearing against are assets that have been retired during the year. I opened the posting periods via OB52. I re-ran ASKBN and had no errors. However, no G/L accounts were updated and I still get error message AU075!
As this is the first step in carrying forward the year-end balances I cannot action F.16 and F.07 to carry G/L, AR and AP balances. My year end is March and I must produce a sap balance sheet for April asap but cannot until the above problem is resolved.
Help would be appreciated very much!
Thanks

Hi,
Run the tcode ASKB without clicking the test run although it will not update any GL.
Second run the tcode AUVA and check whether any asset is incomplete.
then run AJAB for period closing.
Regards,
Meenakshi

Program RFSUMB00 for italy year end closing

Hello All,
I am setting up all the configurations for year end closing in Italy using program RFSUMB00. Here i need some clarification on the below points.
1. dummy vendor / customer master needs to be created for each recon account. here i would like to know whtr we need to create a dummy recon account for dummy vendor / custome? if no, how would postings be happen.?
2. we need b/s opening and closing accounts for this prog. I would like to know wht entries will happen at the year end and whtr all b/s closing postings will happen to same account?

Hi,
I hope dummy accounts are not required. Please try as below. For balance sheet closing and opening accounts you can use technical accounts which we use for initial balance uploading. This program will generate one closing entry and one opening entry with the help of technical account what I have mentioned so that the balances will become ZERO in previous FY.
Closing entry happens in previous fiscal year and opening entry will posted in current FY.
Please go for FAGL_IT_02 - Italy (New). Do not go for F_IT_01 - Italy. There are some prerequisites before executing this program.
Please close normal periods of previous fiscal year and ensure that special periods of previous fiscal year are opened. Means special periods should be available for postings.
Closing postings should happen in special periods. Try with 14th period.
I suggest to run this program only in L1 ledger as this only legal requirement.
Below is for your reference where July to June Fiscal year is maintained.
P&L Account                              550016 (result of PNL account)
Net Result Account                     101001 (Retained earning account)
Balance Sheet Account- Closing 800005 (Technical account)
Balance Sheet Account- Opening 800005 (Technical account)
Parameters for closing postings:
Document Type                   UE
Posting Date                       30.06.2013
Document Date                   30.06.2013
Posting Period                     14
Parameters for opening postings:
Document Type                   UE
Posting Date                        01.07.2013
Document Date                    01.07.2013
Posting Period                     1
Try with above inputs. I hope it will resolve your issue. I have resolved in the same way in our project for Turkey.
Regards
Anand

Year end and Doc types

Hi all,
I have a question that just came up due to the year end:
we use three doc types for top level adjustment: L1 - permanent, L2 - reverse next month, L3 - reverse next year.
Every month we make a number of specific L2 entries. In december do we still make them as L2, or as L3 type? We have a K4 setup, but only use period 13 actively - there are no postings to 14,15 or 16.
Since we don't run period initialization on 13 in the monitor, they shouldn't reverse then, but when I initialize the new year with Balance Carryover and Period Initialization - will it pick up L2's from December?
Thanks
Pavel

Mani,
Thanks for your reply. I think my question was a little confusing.
L2's do have the automatic inversion within the Fiscal Year. As it is the period initialization task that reverses them, my question was how L2's will be dealt with in December. Since we don't process periods 13-16, does that mean that L2's become permanent?
Dan's answer is probably the best - test in our environment and then we'll know.
As we are trying to close the books today and submit GAAP results to our parent company, we are taking an easy route out: any additional documents will be posted as L3, and when I load January, I will monitor if Dec L2's got reversed. If not, we'll manually reverse them.
In any case, I will post a solution once we load January!
Pavel

Periodic year end postings

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