Year Ending process

[Former Member]

Hello Gurus

Till now my client did not carry forward the Gl balance , they forward only receivables and payables

Because now they are posting some assessment entries ,and settlements so after 10 days they are planning to carry forward the gl balance

Here my question

1. if I do not carry forward the gl balance form 2009 to 2010 what are the effect I will face be facing in future

2. I carryward the AR/AP balance to 2010, suppose again if I post any 2009 entries system how it will be updated

Any body give me some important tips for year ending process

Regards

Sri

[iklovski · Accepted solution]

Hi,

1. your trial balance report will be inaccurate

2. balances will be transferred automatically to 2010

Regards,

Eli

[Former Member · Accepted solution]

Any inputs

[iklovski · Accepted solution]

Please, read the answer...

[Former Member · Accepted solution]

Hi ELi

Thanks for your Reply but I am looking for some more concept and steps wise answer

Regards

Sri

[iklovski · Accepted solution]

Hi,

For more concept answers for standard SAP issues, please read available documentation. Refer to this link:

http://help.sap.com/saphelp_erp60_sp/helpdata/en/96/8b307e43ce11d189ee0000e81ddfac/frameset.htm

Regards,

Eli