SAPFI.docx | Cheque | Expense

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:

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

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

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