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

Year end closing Activities 1) Calculate production work in progress on process orders which are not technically complete. then test by posting the transaction in F-02) Rehan Ansari . 11) Close All settled Process Orders 12) Close MM period (Transaction Code: MMPV). 10) Settle all process orders which are technically complete (CO88). 7) Calculate Overheads on all process Orders (CO43) 8) Technically complete all process orders which are fully processed (CORM). 2) Carry out Assessment cycle for Cost Centers.Check List: In order to arrive at correct profit or loss for the month following checklist can be followed: Month end closing Activities 1) All the expenses including amortization. Preliminary expenses and accruals have been booked. 6) Ensure that all billing documents are released to accounting. 5) Ensure that all documents related to MM & SD have been entered in system.16 we can carry forward the balance to next year. 4) Carry Forward Balances to next year (With TC: F.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. 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) Carry out GR/IR clearing (F. prepaid expenses. 2) Complete Bank Reconciliation 3) Make sure that Sum of Inter company balances is Zero 4) Suspense Accounts should be cleared regularly. 3) All month end closing Activities should be carried out.

07 2. On clicking the ‘Process open Items’. enter the vendor number b. in the ‘Customer’ field. Use the TCode F-32. For clearing the open items. The closing procedure is as follows: 1. 4. The clearing between the customer and vendor can happen by following the below settings 1.We don’t use TC:OB52 for end year closing? Tonny I have replied partly to your query. I have sent you the opening new year reords. Carry forward Vendor & Customer Balances: TC: F. It will generate the FI document with proper entry. select the checkbox – ‘Clrg with Cust’ note:If you do not fill ‘Customer’ field . create a vendor invoice through FB60 and customer invoice through FB70. iv) Open year 2005: TC: AJRW Hope the above clears your doubt. Assets: i) TC: OB 52 . FK02->General Data -> Control In the ‘Account control’ tab. the vendor invoice (KR) and customer invoice (DR) are shown automatically.for assets 2 years can be openned at a time.the ‘Clrg with Cust’ field can not display. Note: Partial / Residual payment between customer and vendor is also possible . sorry for that. Note that customer and vendor are properly selected. To see the vendor/customer balance both together use FBL1N/FBL5N. The vendor number must be entered in the corresponding customer master record a. enter the customer number b. For testing. FD02->General Data -> Control In the ‘Account control’ tab. 2.In the Company Code Data –> Payment Transaction Accounting. when you execute FBL1N select customer check box. The customer number must be entered in the corresponding vendor master record a. In the Company Code Data –> Payment Transaction Accounting. select the checkbox – ‘Clearing with vendor’ 3. in the ‘Vender’ field. 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. when you execute FBL5N select vendor check box along with open item/cleared item check box 5.

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