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

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Hi REddy,
In most of the cases, the GR/IR account will have a credit balance and would be taken as provision for liability during year end activites. So as a standard practise you need to clear them on year end.
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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.
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Please find the details below
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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)
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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
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24 - Transfer Inventory to PCA - 1KEH
25 - Assessment Cycle - Dummy PC to SBU PC - 3KE5
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28 - Match PCA and PA
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Regards,
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scenario:
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Month end and year end procedure

hi experts,
can any one help me for year end and month end procedure
correct answers will be duly rewarded
thanks in advance

hi,
Month end closing Activities
1. All the expenses including amortization, prepaid expenses, Preliminary expenses and accruals have been booked.
2. Complete Bank Reconciliation
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.
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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.
Year end closing Activities:
1. Calculate production work in progress on process orders which are not technically complete.
2. Carry out Assessment cycle for Cost Centers.
3. All month end closing Activities should be carried out.
4. Carry Forward Balances to next year
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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)
thanks
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Program RFSUMB00 year end closing in Italy.

Hello All,
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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.?
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Hi,
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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)
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Document Type                   UE
Posting Date                       30.06.2013
Document Date                   30.06.2013
Posting Period                     14
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Document Type                   UE
Posting Date                        01.07.2013
Document Date                    01.07.2013
Posting Period                     1
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Regards
Anand

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

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Hi All,
We have a lot of open PRs and POs against Internal orders and WBS at the year end and we also have the budget control activated. Now we are going to do the year end closing. My question is:
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Hi Abhinay,
Thanks for the answer.
When you say they have to perform year end activities like checking PO and PR, what actually they are doing? Do they just need to check whether those PO or PR are required (if not, close them) or they need to do something more? . As far as I know, no steps like checking PO and PR are required here. So I am wondering whether we have missed anything or not. Can you give me some details about that step?
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Requirement : My client wants to create the quotation from Lead and Opertunity..
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But he both the products can go together up to Quotation.
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Both the sales order and Contract has to call two different pricing procedures..
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b, Setting up the two different pricing procedures, so that based on the item category and doc type it should carry the new pricing procedure..
Can some one help me to provide the steps in sequence..
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Larry
Edited by: Larry Troy on Nov 8, 2010 4:24 AM

Hi
Copying the products from quotation to only sales orders and services to only contracts can be done with the help of copy controls. If we donot maintain the copy controls between quotation and sales order at item level for services (relevant item category), the copying can be controlled. Similarly, copy controls between quotation and contract at item level should control copying the products and should allow only services. System will give information about not copying the items while creating the subsequent documents(contract or sales order).
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Hello,
We'd appreciate feedback please on your experience, pros/cons of the Timeframe to start/migrate a newly acquired company's Payroll into our current Oracle Payroll processing. Our year-end is 12/31.
Our internal teams are split on whether to start processing at a Year End? verses sometime during the year - at any Month End?
thank you

If you are talking about a North American company, the easiest and less time consuming way is to start on 01-Jan-2013 or any year beggining or quarter beginning. The reason is, if you are planning for a year end go live, there will be the balance conversion process which becomes very complex if you do not plan properly. Also, you need to run the year end process to issue W-2s or T-4s from Oracle system. Instead, continue using the legacy system for Payroll till year end and turn on the Payroll for the newly acquired company on 01-Jan-2013.
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Hello all,
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My recommendation is to combine the CPUs with the rest of your patches. CPUs do not affect functionality - they patch security holes/issues in software. Since you will be testing for yearend patches, you can take advantage of this opportunity to also include CPU patches, else separate testing and downtime will be required for the CPU patches. This is the approach we have in our organization. We have yet to encounter an issue with this approach.
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Hi Everyone,
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