Year Ending activity in MM ?

Hello,
what are the activitys which i should take care before opening the new financial year..and what are the steps invloved in the same.
Thanks,
Vikas

Hi
check links
Re: Month End & Year End Activities of a MM Consultant
Re: Year End Activities
Regards
Antony

Similar Messages

MM Year Ending Preparation?????????

Dear MM Experts ,
What are the fiscal year ending/new yr begining activities that need to be done wrt MM &&CIN
Pls pass on some documents literature etc if possible ???
Regards
Anis

hi
As a year end activity maintainance of GR/IR clearing a/c is usualy taken care by FI consultant.
From MM point of view note down the followings
1)check for open POs which are pending for GR(which are supposed to be posted in current year)
2)check for open Physical inventory docs
3)Check for Subcontracting challans pending
4)make sure all goods movements are completed in current year.
4)For excise number ranges-there is a list objects fro which you need to maintain the number ranges,
Please maintain the number ranges for the folllowing objects
1. j_1iintnum
At an Excise group
1. j_1irg23a1
2. j_1irg23a2
3. j_1iRG1
4. j_1irg23c1
5. j_1irg23c2
6. j_1ipla2
7. j_1iintpr2
8. j_1irg23d
9. j_1irg1_t ( material level)
10. j_1iconpla ( if Consolidated PLA is used )
At Series group
1. j_1iexcloc
2. j_1iexcexp
3. j_1idepinv
4. j_1i57Fc ( 57F Challans )

Funds Management Year-end Issue

For Funds Management Module year end activity, it mainly involves commitment and budget carry forward.
For a particular Fund / Fund Centre, we transferred the commitment and the budget from 2011 to 2012. However it was not distributed accordingly in 2012. From the screenshot below, you can see that the budget (Sender) had multiple levels (Fund Centres).
1.MIMOS
2.1000
    3.MM05
      4.MM0501
        5.MM050107
However, the receiver was only at the highest level which is MIMOS. Now under the budget reports, it is showing insufficient funds @ the Fund Centre level.
Please guide me on how do I redistribute Funds to the lower levels Fund Centres.
Please refer to the screenshot at: http://nazrinrizal.blogspot.com/2012/01/funds-management-fm-year-end-issue.html
Help would be very much appreciated. Thanks!

You could try out transaction FM9P for year 2012 in your test system to reconstruct the distributed values.
To me it seems that the actual budget for 2011 has only been entered for the top-level MIMOS and distributed from there (I assume you are using Former Budgeting), and thus the carryforward only considers the "actual" fund center + fund combination for which the budget was entered.
If budget would have been entered to the lowest-level fund center, you would have to run FM9Q to sum it up for the above fund center hierarchy levels.

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

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

MM period / Year Closing Activity and inventory Valuation ??

Hallow Experts !
At the time of Period end, we close the Posting Period in Transaction Code - MMPV. So as a Result system opens Next posting period Automatically. (Please Correct if i am wrong). At a time two posting periods are open, Current and previous posting period.
So, while this period close and open activity, The Material Stock valuation is carry forwarded from closing posting period to Opening period Automatically ?
I want to understand the System logic for this inventory valuation carry forward in brief.
Also please explain in brief, Year end activities by Materials Management side for material Valuation ???????
Thanks in Advance !!

Hi,
Before closing a period, you must ensure that all the transactions related to are posted( Examples: GR,IR etc).Once you close the period in MM side, its difficult to post again in that closed period. For more read the SAP notes 487381.
You can check which period is open in MMRV( you can set here back posting allowed or not) and close the period in MMPV.
Initiation of period can be done in MMPI (1st time only) and setting of MM period can be done in OMSY.
Inventory valuation & automatic account posting depends on following T.codes and where is your material valuated (plant level or in co.code level)
1.OMSK: Valuation Class with Account category reference,
2.OMWM: Active Valuation Grouping Code,
3.OMWN: Active Movement type with G/L account,
4.OMWD: Active Valuation Area,
5.OMWB: Active Chart of account,Valuation Grouping Code,Account Grouping Code, Valuation Class and G/L acocounts
Regards,
Biju K

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 activities...........

Hi folks,
year end is coming. Can anyone tell me what are the activities i need to perform/complete from the SD point of view for the year end.
If anyone can share with me a template of the same , it will be very helpful to me.
my maild id : [email protected]
thanx in advance,
sourav

Module |    Activity |                                                    Trans |    Remark
SD        Open Orders                                                  VA05      Optional
SD        Open Deliveries                                              VL06O    Optional
SD        PGI done, but Billing Due                                VF04      Recommended
SD        Billing Document not posted to Accounting       VFX3      Recommended
SD        Maintaining Number ranges for Excise / Misl.    SNRO     Mandatory
SD        Number Range for SD Document                     VN01       Recommended
SD        Validity of condition records                             VK12      Recommended
SD        Review credit limits                                         FD32      Recommended
Regards,
Rajesh Banka
Reward points if helpful

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

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 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

Commitment Carry Forward in the year end closing!

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:
1. Who should do the commitment carry forward, supply chain or FI team?
2. If supply chain will do the PR or PO carry forward, will FI team also need to run the commitment carry forward (KOCF or CJCF) from FI side at the same time or not necessary?
Thanks,
Ting

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?
Also, if we are using only Total value for the budget, not annual value, I don't need to do the budget carry forward closing step. In this case, do I need to do the commitment carryforward step?
Thanks,
Ting

What are the year end and month end activities carried in FI?

Hi all,
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.
Can anyone explain me about it and does sap provide any standard documentation on year end / month end activities.
Thanks
Pooja

Hi Pooja,
Please find the details below
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)
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
25 - Assessment Cycle - Dummy PC to SBU PC - 3KE5
26 - Check for u201CDelivery made, not Invoicedu201D - VF03
27 - Match GL and PCA - KE5T
28 - Match PCA and PA
29 - Top Down Distribution in COPA - KE28
30 - Reclassification of GL balances
31 - Balance Carry forward (Year End Only) - F.16
32 - PCA Balance Carry forward (Year End Only) - 2KES
33 - Transfer to FI - 1KE8
Regards,
JA

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

Physical Inventory Status Flag Not Reset after Year End Inventory Procedure

Hi,
We are just done with the Year End Inventory Procedures, and to my surprise, a lot of Storage Bins are having their Physical Inventory status flag as ACTIVE, which they should not have.
An example bin has incorrect status-u201Ccountedu201D in the associated inventory record number . LINV status is L-cleared. LINK status is Z-counted, LINP status is Z-counted and physical inventory flag is ON in table LAGP, but status must be L-cleared and physical inventory flag should be OFF (or blank) in table LAGP.
Our users did not use LI20 to clear the empty bins or bins had no difference to post (meaning book qty & count qty are the same).
I already tried the Program RLREOLPQ and OSS Note 824904, but no its of no use in our Case.
Any guess/hint for the problem?

I solved this with thehelp of a Zprogram writeen wrt the OSS note mentioned above in the question.

Year Ending activity in MM ?

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