Period endclosing steps in PS

[Former Member]

Hi PS Experts,

Please send me the detailed Period endclosing steps in PS ?

Thanks in advance.

Points will be rewarded.

Thanks,

Sanju..

[Former Member · Accepted solution]

Hi Sanjana

Please refer the following link for period end closing steps in SAP PS.

http://help.sap.com/saphelp_erp2005/helpdata/EN/86/98853478616434e10000009b38f83b/frameset.htm

Hope this will help you.

Regards

Edited by: Balakrishnan Munuswamy on Aug 28, 2008 12:48 PM

Edited by: Balakrishnan Munuswamy on Aug 28, 2008 12:49 PM

[Former Member]

Hi,

Period end closing procedure for a project is as follows:-

1). update your all project related cost such as time sheet entry through KB21n etc.

2). Revaluation at actual price for a project.

3). Run the actual overhead recoveries against your project cost incurred, percentages are maintained in costing sheet.

4). calculate the WIP for customer projects chck the result.

5). Do the settlement for that period.

In case of investment project no WIP calculation is being done direct settlement of cost is done on assets under construction and when the assets completed it is settled against the final assets, whose depriciation cost is calculated under FI.

Regards

Kundan Kishore

[Former Member]

Hi Sanjay,

From Configuration point of view you need to define the settlement profile.

SPRO<Costs<Automatic & Periodic Allocations<Settlement.

In that you define1. settlement rule.

2.Settlement Cost Element.

Also Define Source Structure.

Run Transaction CJ88

and you can see the settlemnt is executed.

you can settle you project to G/L Account,Cost Centre,Asset,etc..as desired

You can do partial settlement using Transaction CJIC.

you can also refer to following link..http://help.sap.com/saphelp_470/helpdata/en/86/98853478616434e10000009b38f83b/frameset.htm

Regards,

Nitin