End Year Closing for SAP FI1

I would like to know steps or T-CODE for end year closing. 1) With TC: F.16 we can carry forward the balance to next year. 2) With TC: OBH2 copy the number ranges to next year

4) Then test by posting the transaction in F-02 Hope I am clear. If any more doubts please let me know. Ashok

How about TC : OB52, when we can't run that steps? Tonny

Check List: In order to arrive at correct profit or loss for the month following checklist can be followed: Month end closing Activities

With TC: OBH2 copy the number ranges to next year Open next year periods by selecting the Posting Period Variant. 9) Calculate Variance (KKS1)à (Relevant only if Standard cost is calculated).13) transaction 14) Depreciation Run (AFAB) has been carried out for the month 15) Close FI Posting period after the month end closing activity is over. Year end closing Activities 1) Calculate production work in progress on process orders which are not technically complete. 2) Complete Bank Reconciliation 3) Make sure that Sum of Inter company balances is Zero 4) Suspense Accounts should be cleared regularly. prepaid expenses. Preliminary expenses and accruals have been booked. 3) All month end closing Activities should be carried out. 11) Close All settled Process Orders 12) Close MM period (Transaction Code: MMPV).16 we can carry forward the balance to next year. 2) Carry out Assessment cycle for Cost Centers. 7) Calculate Overheads on all process Orders (CO43) 8) Technically complete all process orders which are fully processed (CORM).1) All the expenses including amortization. 6) Ensure that all billing documents are released to accounting. then test by posting the transaction in F-02) Rehan Ansari We don’t use TC:OB52 for end year closing? Tonny . 5) Ensure that all documents related to MM & SD have been entered in system. 13) Carry out GR/IR clearing (F. 10) Settle all process orders which are technically complete (CO88). 4) Carry Forward Balances to next year (With TC: F.

Use the TCode F-32. The vendor number must be entered in the corresponding customer master record a. It will generate the FI document with proper entry. On clicking the ‘Process open Items’. For clearing the open items. In the Company Code Data –> Payment Transaction Accounting. enter the customer number b. The customer number must be entered in the corresponding vendor master record a.In the Company Code Data –> Payment Transaction Accounting. I have sent you the opening new year reords. in the ‘Customer’ field. FK02->General Data -> Control In the ‘Account control’ tab.for assets 2 years can be openned at a time. in the ‘Vender’ field. select the checkbox – ‘Clrg with Cust’ note:If you do not fill ‘Customer’ field . Carry forward Vendor & Customer Balances: TC: F. the vend or invoice (KR) and customer invoice (DR) are shown automatically. enter the vendor number b. select the checkbox – ‘Clearing with vendor’ 3. The closing procedure is as follows: 1. when you execute FBL1N select customer check box. iv) Open year 2005: TC: AJRW Hope the above clears your doubt. when you execute FBL5N select vendor check box along with open item/cleared item check box 5. The clearing between the customer and vendor can happen by following the below settings 1. Note: Partial / Residual payment between customer and vendor is also possible . 2. For testing. Note that customer and vendor are properly selected. create a vendor invoice through FB60 and customer invoice through FB70. 4. Assets: i) TC: OB 52 .07 2.I have replied partly to your query. ii) check which year is closed: TC: OAAQ iii) Close the year 2004: TC: AJAB Note: Unless depreciation for all the months is posted for all the assets you cannot close the year. To see the vendor/customer balance both together use FBL1N/FBL5N. FD02->General Data -> Control In the ‘Account control’ tab. sorry for that.the ‘Clrg with Cust’ fie ld can not display.

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