Receipt Accruals - Period-End Process

Hi,
I am a technical developer trying to understand the Receipt Accruals - Period-End Process. This is certainly not my area of expertise, but essentially I am trying to understand the relationship between the Payables Receipt dates and any corresponding GL dates / period.
Payables Invoices have a specific GL date that dictates the Payables period in which they fall and from that the corresponding GL period. However from what I can tell there is no explicit GL date on a receipt. A receipt obviously falls within a Purchasing period, and it is this period that is selected when running the 'Receipt Accruals - Period-End Process' concurrent job, but how does this map to a corresponding GL period? Is it simply the Receipt date that determines the GL period?
Any help you could provide me in understanding this process would be greatly appreciated.
Kind regards,
Wes

As you said, the receipt date is determining the GL period dates.. When you run the 'Receipt Accurals - Period End Process' it is of Purchasing dates and the same will be flown into the General Ledger.
Srikanth

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Create Accounting - Receiving and Receipt Accruals - Period-End processes in PO

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thank you!
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Kindly see the following which may be helpful for your queries
https://community.oracle.com/message/11775233#11775233
https://community.oracle.com/message/11807248#11807248

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We are using R12.1.1 and currently have defined approximately 40 operating units in the system. At month end I need to run the 'Receipt Accruals - Period-End' concurrent program using the Cost Management - SLA responsibility for each operating unit which is quite time consuming. I am wondering if anyone has any ideas on how I could automate this process so that all OU's have been predefined in a request set or something similar. As standard functionality the OU is not a parameter that can be defined when creating a request set so was wondering if there is some other way that this can be done. Any ideas would be greatly appreciated.
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Period End Accruals - Reversing the Journal in GL

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Here is my Requirement: I heard that in Period End Accruals we have to Reverse Journals in GL etc., Could some one explain what happens in Period End Accruals case in terms of Accounting & Process, And It relation between PO, AP, and GL, Pleaseee
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Hi,
I assume you use Funds Management (FM) application ?
If so the info below will be useful:
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In the implementation a lot of data migrations were involved.One of them is the open EXPENSE TYPE PO migration(closed for receiving)
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Hi
You can change your posting end dates only two time , first at the start of your business and second at the time of winding up/merger of the business.
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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
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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.
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Hi All,
plz suggest how to proceed.
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Example
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Hi,
I think what you are meeting with is Monthly End Accrual (MEA) senario.
Pls check the following URL in PY US solutions:
http://help.sap.com/saphelp_46C/helpdata/EN/d8/c9e93401bdee06e10000009b38f83b/frameset.htm
The related node is under :
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Hi Rashmi ,
Period-End Closing Checklist are :
Period-end activities take place at the end of the month or the end of the quarter, or both, depending on how your financial accounting processes work. In either case, the checklist at the end of the period is much the same.
Make sure that all transactions for the period were posted properly, including adjustments and accruals
Print trial balance (a balance of each account and a current status)
Print vendor liabilities aging and customer receivables aging reports to reconcile receivable accounts with the G/L
Print inventory audit report to reconcile inventory with the G/L
Print financial statements
Make a backup of your database and put it in an off-site storage location
Close or inactivate the fiscal period by locking it using the posting period window
You can Visit :
https://websmp201.sap-ag.de/~sapidb/011000358700001209192007E/EoP_YE_2007.pdf
https://websmp201.sap-ag.de/~sapidb/011000358700001196942007E/FIN_CW50_Year_end_closing.wrf
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How to Clear Gl account at Period-End ?

Hello Expert, ..
Im very basic on SAP FI and I need some explanation about Clearing activities at Period-End (month & Year).
My questions :
A) Do we have to Clear every GL/Vendor/Customer Account at every Month/Year-End ?
If so, Why? What is the consequence if we Dont Clear them ?
B) I have this situations :
1. After I execute F.19 at Period-End, How do i CLEAR some GR/IR account that Have Not being Invoiced yet?
2. on December 2010, I have Post a Pre-Paid Insurance Exp like this:
Pre-Paid Insurance $1.500
Cash -$1.500
*) This Pre-Paid is used to pay Actual Insurance Exp for Dec 2010, Jan 2011, Feb 2011 ( $500 each Month)
and I use Reccuring Entry to allocate these Exp.
(31/Dec/2010) --> F.14
Insurance Exp $500
Pre-Paid Insurance -$500
*) How can i clear this Pre-Paid Insurance at the End of Dec 2010? Since the Balance on 31/Dec/2010 will be at Debet $1.000 ($1.500 - $500) Not Zero Balance.
Thanks for your kindly helps
Best Regards

Clearing will be possible to subledgers(Customer & Vendor) and GL accounts which are open item managed.
Normally clearing wil happen automatically for subledgers at the time of payment/receipt except partial payments/receipts.
You have to clear these partial payments/receipts at month end. Beacuse in some organizations month wise they maintain exchange rates, in that case if you clear the items in next month, system will post realized gain/loss. To avoid these types of Fx considerations you have to clear them.
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Accrual/Deferral - FBS1
Rgds
Murali. N

Month end processes

hello ,
can somebody kindly lists some generic month end processed for fi and co , we are not using ex.rates now.
thnaks very much.

Hello,
1. Recurring Documents.
a) Create Recurring documents
b) Create Batch Input for Posting Recurring Documents
c) Run the Batch Input Session
2. Posting Accruals or Provisions entries at month end
3. Managing the GR/IR Account-Run the GR/Ir Automatic Clearing
4. Foreign Currency Open Item Revaluation-Revalue Open Items in AR.AP
5. Maintain Exchange Rates
6. Run Balance Sheets Run Financial Statement Version
7. Reclassify Payables and Receivables if necessary
8. Run the Depreciation Calculation
9. Fiscal Year Change of Asset Accounting if it is year end
10. Run the Bank Reconciliation
11. Open Next Accounting Period
Check out the following link
http://www.sap-img.com/financial/check-list-for-fi-year-end-closing.htm
Assign points if useful
regards
Genie

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

Receipt Accruals - Period-End Process

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