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Monthly & Yearly Closing

Hi Sappers!

1. I would like to know what steps & transaction codes are involved in period end (monthly & yearly) closing in FI.

2. How do we carry forward the balances to the next period? Will opening & closing periods in OB52 achieve this?

3. In our existing system once we close a particular module like Sales Order Module, it automatically transfers the amount in the General Ledger. How do we achieve his in SAP.

4. Are there any special closing activities involved in quarterly closing?

Appreciate your time!

Vj

replied

Hi

2) How do we carry forward the balances to the next period? Will opening & closing periods in OB52 achieve this

As per normal accounting practice, carry forward of balances is done at the year-end for Balance sheet accounts via F.16 for GL and F.07 for AR/AP. OB52 is merely to open/close posting periods.

For further details check the link below.

http://help.sap.com/saphelp_erp2004/helpdata/en/96/8b3c2d43ce11d189ee0000e81ddfac/frameset.htm

3) In our existing system once we close a particular module like Sales Order Module, it automatically transfers the amount in the General Ledger. How do we achieve his in SAP.

In SAP, all accounting related information made in other components of SAP are posted real-time to FICO. There is no transfer required.

4. Are there any special closing activities involved in quarterly closing?

This will depend on your company's management accounting processes and requirements. E.g. Quaterly Profit centre planning. In financial accounting there is no special requirement.

Rgds

Nadini

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