Professional Documents
Culture Documents
Period Closings in SAP
Period Closings in SAP
5 Execute Recurring Entries for A/R, A/P, G/L (T. Code: F.14)
7 Final Cutoff for the Maintenance of Fixed Asset- Add Transfer and Retire (T.Code: ABUMN)
14 Execute Asset History Report, and retire assets if needed (T.Code: S_ALR_87011963, ABAVN)
24 Compare current (cost estimates) with last current price (Moving Avg) ( T.Code: OKBH)
25 Update current cost price to material master price field (T.Code: CK11N, CK24)
29 Verify All Post Goods Issue have been Invoiced (Billing Due List) (T.Code: VF04)
30 Review SD Billing Doc from prior month that have not yet been released to accounting (T.Code : F.2D)
38 Aging Report-Reconcile GL balances with sub ledger balances AP ( T.code: FBL1N, FBL5N, FBL3N)
48 Check Validation dates for Cost Centers, Cost Elements, CO area (T.Code: GGB0)
65 Year end Closing-- Asset Accounting--final for year end (T.Code: AJAB)
70 Reverse accruals and deferrals for the new month (T.Code: F.81)
71 Reconciliation of Financial Documents from old fiscal year and new fiscal year ( T.Code: FNSL)
If you want to perform Month End Activities then follow the below minimum activities
8 - Run and check reports for Tax and other statutory requirements