Impact of MM period closed wrongly

[Former Member]

Hi,

We have closed the Current period 05 wrongly and the period 06 is opened. If we make the allow back posting to the previous period in MMRV. The system will allow us to post in period 05. But again we will remove the allow back posting in MMRV once 06 period get opened actually.Now for these two days will it be any impact on business wise when posting GR and invoice. All the materials are consumption material. Kindly suggest your opinion.

regards,

Note : Subject line is changed according to problem description.

Edited by: Jeyakanthan A on Jun 8, 2011 4:22 PM

[rafael_zaragatzky · Accepted solution]

Hi Kannan,

I don't see a problem if you only have consumption materials - the transactions are carried over to period 6. Only price changes in previous period are problematic, since the system assumes only the price of the previous period to be changed and leaves the valuation price of period 6 unchanged.

BR

Raf

[kailas_ugale]

Hi

We have closed the Current period 05 wrongly and the period 06 is opened. If we make the allow back posting to the previous period in MMRV. The system will allow us to post in period 05

Hi first clear one thing,only one period remain open your system ( current period )?

generally,MM we can remain two period open,previous and current

if your current period is 06 ,then you can make allow posting to back period in 05

it will not impact 06 posting,In which period you want posting you can do 05 or 06 ,both will remain open

Regards

Kailas Ugale

[Former Member]

If there were financial postings during period 06 then it may result in financial discrepancies with respect to balance sheet and profit and loss statements, during month-end closing. Typically, the periods are open after month-end closings of previous periods. You may have to check with FI and verify if there were postings made in period 06 and if there were postings made then how you do you reconcile.