Open PO

[Former Member]

HI

i have a doubt regarding the open PO.

The scenario is:

we are raising PO in the previous Fiscal year i.e 2010-2011 but we are making the payment in next year i.e 2011 - 2012..

So,what happen to the PO..

It should not get closed till we raise the payment against it..

So will it be open even we closed the previous fiscal year?

need guidance please..

[Former Member · Accepted solution]

Hi Kambadasan......

It must be opened even if the financial year is closed.

Is that happenning if you close the year?

Regards,

Rahul

[Former Member · Accepted solution]

HI Rahul,

I cannot check that since we are doing operations in the current fiscal year....

So,its still open even we close it right...

Then whats the application of 'Year End closing',It will close only the accounting documents and how to perform it in SAP B1..

Can you explain it so that my doubts will get totally cleared..

[Former Member · Accepted solution]

Yes Right.

It does not get closed.

Year End closed is generally related Balance Sheet and Profit and Loss.

Like for the year you have done transactions and run Profit and Loss statement it gives you Profit Period Figure which

when you close Last Financial Year Profict figure goes into the Balance sheet and P&L becomes clean and ready to get maintained for the current financial Year.

So it is related to BL & P&L and not open and Closed status of document.....

Regards,

Rahul

[Former Member · Accepted solution]

Thank you Rahul...

got cleared...