Year End Closing for Consolidation
Please advise on year end consolidation
SAP Boss replied
I dont think you have a exhaustive year end closing in ECCS unlike other modules. When you are switching to the new fiscal year and first posting period in the parameter the balance carry forward task will appear which will bring the balance from the previous fiscal year to the new fiscal year. This will have the following effect:
1 All PL items will become zero.
2 All BS item will carry forward to the new fiscal year for the period 00.
3 Retained earning of the closed fiscal year will flow in to the account retained earning previous year.
Assuming that you dont have COI.