Year end closure - query

Dear Sirs,
I am trying to do yr end lcosing.
After using the t-code FAGLGVTR - the retained earning account balance matches exactly with the F.01 figures.
The F.07 balance for customer does not match with FD10N.
what could be the possible error or am i missing to enter any data?
Is it that i need to first run the FAGLGVTR (t-code) and then check the balances, since i have not yet run this t-code
Thanks
Sanjay
Edited by: Sanjay Sabnis on Apr 13, 2011 12:14 PM

Dear Sanjay,
Please check if you have executed SAPF010.
B/R
Prashant Rane

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Issue solved

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Dear Team,
This is with regard to Year end closure in Asset Accounting.
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Message was edited by:
Andreas Mann

Year end closing (Balance carried forward

Hi
Please help. Our company did not do a year close on debtors and vendors. I realised it now with certain debtors, that their closing balance (June 2006) do not agree to the opening balance (July 2006).
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Hi Theo,
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PS: Do not forget to award the points

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Hi
I'm building this Discoverer report and one of my parameters is a LoV date field, which gives me a date range from Jan to Dec each year. Now my problem is, I want my date range to be as per our Financial Year End, which is from 01-Oct-03 to 30-Sep-04.
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Thanks

Hi,
Although I haven't tried it, you should be able to use a combination of hierarchies and alternative sorts to accomplish this.
How have you created your list of values? If your LOV is a list of months and years e.g. JAN-2003, FEB-2003 etc, you can create a alternative sort which will make OCTOBER the first month of the year - i.e. with value 1, and NOVEMBER = 2 and so on...
Sorry this is a bit vague. I will try and test tomorrow and see if it works, but this should be enough to give you an idea of how to progress.

Financial Year-End date range

Hi
I'm building this Discoverer report and one of my parameters is a LoV date field, which gives me a date range from Jan to Dec each year. Now my problem is, I want my date range to be as per our Financial Year End, which is from 01-Oct-03 to 30-Sep-04.
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Thanks

Hi,
You might want to post the Q on Discoverer Forum also
Discoverer
Navneet.

Error during Year-end closing Asset Accounting (AJAB)

Hi,
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Processing the error message:
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2) If the answer to first query is yes, how come the same error did not encounter in other company codes (the error occurred only in 2 company codes). I've also checked the depreciation area maintained in asset masters of the company code where no such problem was encountered and found it to be same as the company code where the problem has occurred.
Seek your expert advise to resolve the issue.
Thanks,
Vipin Patankar

Hi Malhar,
Thanks for your prompt reply. I understand that the issue can be resolved by assigning document type and execute ASKB. At present document type 'AF' is being used for depreciation posting, can we use the same document type for APC value posting or some other document type should be used.
I still need some more highlight on the reason for not facing the problem in other company codes.
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Time series questions - how to do AGO function for prior year end

Question on how to perform the following calculation in OBIEE:
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Thanks John. Your suggestions seems promising but I'm having issues when I tried it out. I am receiving the following error message:
State: HY000. Code: 10058. [NQODBC] [SQL_STATE: HY000] [nQSError: 10058] A general error has occurred. [nQSError: 22046] To use AGO function, the query level ('Fiscal Period, Prior Fiscal Year End Date') must be a static level. (HY000)
What I did was create a new level off my Fiscal Time dimension which is a child of Total. I tried creating my AGO calculation using this level but received that error message in Asnwers. Any ideas on what I may be doing wrong?

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Dear All:
I have a query, our last fiscal year ended at 30.06.2009 but upon analysis of some GLs relating to expenses i observed that they were not closed. Principally they should have been closed automatically as the year ended but they did not. What can be the possible cause. Please guide if there is any problem in back end configuration for these expenses GL relating to manufacturing costs.
Regards

As explained earlier in couple of instances above, there is no closing as such and once you have done the carry forward of the balances, you would find that the B/S accounts have been brought forward but the P&L Accounts (Expense & Revenue) Accounts have been transferred to the Retained Earnings Account. At the year end the system calculates the net earnings amount by deducting total liabilities from the total assets and posts the same into the Retained Earnings Accoungs, at the same time, the B/S account balances are carried forward to the new fiscal year. You can also run a GL Balance Dsiplay Report using FAGLB03 and would observe that in the opening balance in case of P&L A/c indicated as "Bal. Carryforward" is zero but in case of B/S accounts there is a positive or negative figure depending upon debit or credit in last year's balance.
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Clarification on Canada Year End SAP Note : 1658938 and 1662043

Dear All ,
We are currently doing yearend SAP note updates for Canada and need clarification on Canada Year End SAP Note : 1658938 and 1662043 .
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Muthuraj

Hello Muthuraj,
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With Regards,
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Back up plan for Asset year end closing

Hi,
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what back up plan we should recommend if it fails for already happened activities.
Regards
Shanu

Hi Shanu,
there is a Test-run modus.
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regards Bernhard

Mid year go live and year end go live

Hi Experts,
What is the difference in configuring Mid year go live and year end go live What are difficulties we face in mid year go live.
thanks & Regards.
Akhil

https://forums.sdn.sap.com/click.jspa?searchID=21620306&messageID=6587485
you go live on the SAP payroll system in the middle of a financial year, you have an option to transfer your legacy data into the SAP payroll system.
The system provides the schema INLK for transferring your legacy data. For this purpose, you need to perform the following IMG activities:
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Define the type of data you want to import. For more information refer to the IMG under Payroll India -> Legacy Data Transfer -> Define Pay Elements for Import
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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

How to clear all open GRIRs in the year end and maintained as provision ?

Hi Friends,
I would like to clear all open GRIRs in the year end and maintained as provision.
in the next year next day i would like to show as open items.
How can do it ?
I have tried to clear it. I have maintained OBYP settings also. But i am unable see as clear item.
Could you explain me how it actuallly works ?

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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GR/IR GL Dr
To Provision for Liabilites GL: Cr
Above sample entry is true when your GR/IR account has a CR balance at the year end. if not post it in a reversed manner.
Now with tcode F-03, for GR/IR GL, choose all items and clear them. Now you will get the clearing doc number.
Now on start of new FY, reverse the above accounting entry with FB08.
This will meet your requirement.
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Srinu

Year ending

hi gurus
plz tell me how can i close the normal posting periods and how can i open the special periods.and also plz let me know which gl are open for special periods.
if any document regarding year end closing plz foreward to me -
[email protected]
thanks
diptiranjan

Hi Dipti,
Can you please forward the document to me at [email protected] Thanks in Advance.
van1276

Year end closure - query

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