Year end closing procedure

Hi
I want to end the fiscal year 2008-2009 of my client and start 2009-2010.
I dont know the procedure for doing it. Please suggest me procedure for it.
Thanks

hi,
Check this links
https://forums.sdn.sap.com/click.jspa?searchID=24168576&messageID=7207229
https://forums.sdn.sap.com/click.jspa?searchID=24168576&messageID=7116133
https://forums.sdn.sap.com/click.jspa?searchID=24168576&messageID=7207871
https://forums.sdn.sap.com/click.jspa?searchID=24168576&messageID=6825204
https://forums.sdn.sap.com/click.jspa?searchID=24168576&messageID=7216984
https://forums.sdn.sap.com/click.jspa?searchID=24168576&messageID=6775302
Year End can be do just once?
Jeyakanthan

Similar Messages

Cannot execute year-end closing in IDES R/3 4.71

Hi Gurus,
I am working with IDES R/3 4.71.
since the current fiscal year in system in 2003, i try to change the fiscal year to 2004, then 2005, ..., finally I wish to get fiscal year 2009.
during the procedure, i need to post AA depreciation for each period of 2003. I have done that successfully with AFAB. then I also successed with Change Fiscal Year to 2004. now I need to execute year-end closing for 2003. but the system reports errors.
error message like below:
=========================================================
Asset balance sheet values not completely posted
Message no. AU075
Diagnosis
In company code 1000, which is to be closed, APC values have not been posted to Financial Accounting for all relevant depreciation areas.
Depreciation area 03, at least, is set up for periodic posting of APC values.
The year-end closing checks if documents were posted that have an entry date after the last run of the program for periodic posting of APC values. If such documents are found, the system issues this message.
Procedure
Check which depreciation areas are supposed to post APC values periodically to Financial Accounting according to their Customizing definitions (indicator: "Post assets periodically in General Ledger")
See the Define How Depreciation Areas Post to General Ledger IMG activity.
Start the program for posting APC values. In the Asset Accounting main menu, choose Periodic processing . Start this program in update mode, regardless of whether or not documents are displayed in test mode, or if a message appears stating that there are no documents to be posted.
Start APC Posting Program
==================================
I didn't change the depreciation area provided by IDES group.
anybody knows what's wrong?
many thanks!
George

George,
The long text seems to be self-explanatory. IDES comes with pre-configured stuff. So for sake of training they may have designated some depreciation areas as periodic posting. Please follow the instructions in the message and try to resolve it.
If I were you:
a) I would find out the chart of depreciation for the company code you are trying to do a fiscal year close.
b) Then go to the configuration and see the definition of each depreciation area.
c) For those which have periodic posting of depreciation, run the corresponding program as instructed in the long text.
Regards,
Vishal.

Year end closing - facing problem in dep area 55

We have Chart of Depreciation as - SUSA
Dep area 55 is derived from - 01 and 20
it is assigned to 4 company codes and when ever the posting triggered to Dep area 55, parallel posting will happen to company code 9010.
so, I think due to parallel dep configuration we are unable to do year end closing for the 4 company codes.
we had to deactivate dep area 55- make options 0 from 2.
so, when we tried to deactivate dep area 55 - make options 0 from 2, it is throwing an error
SUSA 55 - Area customizing in area 55 is inconsistent.
Message No. ACC_AA043
Diagnosis
Customizing for depreciation area 55 in Chart of depreciation SUSA is incorrect.
For this depreciation area, settings at chart of depreciation level and for company code 2010 is inconsistent.
System response
Asset posting in this form are rejected
Procedure
Correct customizing by adjusting or removing(recommended) the obsolete customizing.
Kindly suggest what changes can be done to remove the above error.
Thank you

Hi,
As long as you have entries in ACCMAP, this depreciation area can not be changed with OADB any more. Changes for this area in OADB are only allowed if no ACCMAP entries for this area exist any more.
regards Bernhard

Year End closing Asset accounting

I am carrying out a currency conversion and at Analyze stage I am facing the following error.Closed year 2005 in company code XXXX and area 01 incorrect.
I then tried to carry out year end closing for assets
CoCd Close carried out             Inactive     has errors     not posted     line items
XXXX            No                        0              0              0              0       0
                                                                                CoCd        Asset               Note
XXXX          *** Documents from last posting run in 2006 are not yet updated
Will reward points if helpful

Dear Garikai,
Hope closing activity and balance transfer for year 2005 has not been done properly. Please close the year 2005 properly and follow the same procedure for the year 2006.
It will happen.
Thanks & best regards,
nms

Asset year end closing issue

Hi, I run ajab to close year 2010 (not 2011)and encounter below issue:
Asset 004110000555-0000 in company code 0000 (depreciation incomplete)
Message no. AU070
Diagnosis
The planned depreciation was not completely posted to Financial Accounting for asset 004110000555-0000 in company code IN00 in depreciation area 90.
System Response
Year-end closing cannot be carried out for company code IN00.
Procedure
Post the depreciaton using the appropriate posting program (Periodic processing) in Financial Accounting. Then start a repeat run for this asset, if necessary
My depreciation area 90 is "Post assets periodically in General Ledger", what should I do?

Hi
Is depreciation fully posted for the year 2010. Try to run AFAB in repeat mode for the last period of 2010 in test run to see if any values are coming for posting.
If depreciation values exist, then same needs to be posted before you close the Asset fiscal year.
Also please note for posting the depreciation your Fiscal year and period should be open in accounting.
Regards
Malathi

Year ending Closeing

Hi all,
i want Year ending procedure steps help me any one plz.
Thanks in advance
regards
gvr

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
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.
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.
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
(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)

Reg : Financial Year end closing

Hello Gurus,
I am new & I want to know what is the procedure for closing FI financial year & which T-code should be used.
Regards
Reshma

hi rashma,
Pls follow the step...
Check List for FI Year End Closing
Moderator: this is useful but it belongs in the Wiki. you'll get more points there too.
Rohit agrawal

Back up plan for Asset year end closing

Hi,
Do you have any back plan prepared for Asset year end closing especially t.code AJRW and AJAB (running this in Background).
what back up plan we should recommend if it fails for already happened activities.
Regards
Shanu

Hi Shanu,
there is a Test-run modus.
If it fails for some reasons, you will get a error message. Then you solve this error and repeat AJRW or AJAB.
regards Bernhard

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

GL balances differences between Year end closing and opening balances

Hi friends,
One GL account balances showing differences between year end closing & year opening balances.
Example: 2006 closing balance is 250000 $
2007 opening balance is 150000 $
difference is 100000 $ . why should coming like this. already completed balances carryforward (F.16) in 2006 & 2007 year.
any programe for this solution ?
One more point is just 2 days back i posted 2 entries for 2006 year equal to 100000 $ . after this entries shall we need go for F.16 (carry forwarded balances).
please do the needful. It is very urgant issue.
Raj

HI,
There shouldn't be any more postings to a GL Account once Balance carry forward has been executed.
If postings have been made then you should execute the Balance carry forward again, otherwise you will see difference in opening and closing GL balance (as mentioned by you).
Regards

Year end closing balances

Hi Everybody,
I have a question here regarding year end closing balances. In 2007, GL-110011 has closing balance is '0'. Whereas in 2008 the same GL-110011 has 5000/- opening balance. How this was happend?
Can anybody help on this thread, where should i check?
Thanks
Para

Hi,
This could have been an entry passed in the year before 2008.
Run the report yearwise and you would know what that line item related to..
Cheers
Raghu

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

Period end closing procedure - B1

Hi,
Could any body clarify me on the below.
1. What is the difference between "Retained Earnings A/C" & "Period End Closing A/C".
2. When I opted both as Retained Earnings A/C, and excuted (given Due Date & Document Date as 31.3.08) it is throwing an error as ---"Posting period is not defined"
Please assist in solving the above problem.
Thanks & Regards,
Vinay

Check this document on, Tips for Year End Closing 6.5, 2004, 2005, 2005 A SP01_EN
https://websmp201.sap-ag.de/~sapdownload/011000358700001111052006E/Year_End_Closing_V20_EN.pdf
You may also register for the EES on the same on 17 December, 2008.
Troubleshooting issues that may arise during the year-end closing process with SAP Business One
December 17, 2008; 10:00 am - 11:00 am CET
(GMT+01:00) Amsterdam,Berlin,Paris,Rome,Stockholm
Session held in English, Registration
Troubleshooting issues that may arise during the year-end closing process with SAP Business One
December 17, 2008; 5:00 pm - 6:00 pm CET
(GMT+01:00) Amsterdam,Berlin,Paris,Rome,Stockholm
Session held in English, Registration
Check this Thread for registration

Queries regarding Year End Closing Activity

Hi Experts/Moderator,
I need solution to my queries regarding Year End Closing Activity?
1. How can we post adjustment entries to GL/AR/AP/BANK/ASSET accounts in the previous FYu20192008 in Apr/May/Jun/Julyu20192009 using Special Posting Periods, if already balances are carrying forwarded to next FY 2009? What effects on the Opening Balances already carry forwarded?
2. Can we run the Asset Depreciation for the previous FY 2008 in Apr/May/Jun/Julyu20192009 using Special Posting Periods, if already balances are carrying forwarded to next FY 2009? What effects on the Opening Balances already carry forwarded?
Thanks & Regards
Chandra

Hi,
You can carryforward the balance of GL, AP & AR. System is automatic updated the balance in current fiscal year if you pass the adjustment entries in previous fiscal year 2008 using special period. You can also run the deperciation.
Regards,
Pankaj

Year end closing procedure

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