Month End and Year End Closing Operations

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Month End and Year End Closing Operations

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Month End and Year End Closing OperationsSkip to end of metadata Added by Guest, last edited byJack Wuon Dec 24, 2008(view change) show commentGo to start of metadataMonth EndClosing OperationsModuleSr. No.Process DescriptionT Code / Menu-pathPeriodicity(D/W/M)Person Responsible / LocationMM1Inventory balanceProgramm ZBILMonthlyLogisticMM2Inventory RevaluationMR22Logistics > Materials Management > Valuation > Change in Material Price > Change Material PricesMonthlyCorporate AccountsMM3Physical Inventory Differences-Post , after Physical countingMI07 -Logistics > Materials Management > Physical Inventory > Difference > Post(+ MI01 MI04 )MonthlyDepot/corporate accounts after prior approval from head of financeMM4PO ClosureME22N -Logistics > Materials Management > Purchasing > Purchase Order > ChangeMonthlyPurchase deptSD5Check Billing Due List for the last days in the monthVF04 -**Logistics > Sales and Distribution > Billing > Billing Document > Process Billing Due ListMonthlyLogtistics/Sales Admin.SD6General check of SD billing flows ofGoods Issues without invoicesVL06F -Information Systems > General Report Selection > Sales and Distribution >Shipping > Delivery MonitorMonthlyLogtistics/Sales Admin.FI7General account manual FI postingsFB50 / KE21NMonthlyCorporate AccountsSD8Release SD billing to AccountingVFX3 -Logistics > Sales and Distribution > Billing > Billing Document > Blocked Billing DocsMonthlyLogtistics/Sales Admin.COPA9Reconciliation between CO/FI/SDKEATAccounting > Controlling > Profitability Analysis > Tools > Analyze Value FlowsMonthlyReportingFI &COPA10Invoicing Regularisation ofdeliveries non invoicedFB50Accounting -> Financial Accounting-> General Ledger -> Document Entry -> FB50 - Enter G/L Account DocumentMonthlyReportingFI-CO-SD11Ensure Return sale order -credit memo and transfer posting tallyKE24/MB51MonthlySales Admin/Reporting/AccountsPayroll12Running of payroll interfaceNON STANDARDMonthlyIT/Corporate AccountsMM13Open next MM PeriodMMPVLogistics > Material Managements > Material Master > Other > Close PeriodMonthlyManual orAutomated back ground jobFI14Open FI Posting PeriodsOB52Accounting -> Financial Accounting-> General Ledger -> Environment -> Current Settings -> S_ALR_87003642 - Open and Close Posting PeriodsMonthlyCorporate AccountsCO/IM15Settlement of Investment Orders to AUCKO8GAccounting > Controlling > Internal Orders > Period-End Closing > Single Functions > Settlement > KO8G Collective ProcessingMonthlyReporting/Corporate AccountsCO/IM16Settlement of Investment Orders to Fixed AssetsKO8GAccounting -> Investment Management -> Internal Orders ->Period-End Closing->Single Functions > Settlement > KO8G - Collective ProcessingMonthlyReporting/Corporate AccountsFI17Depreciation RunAFAB-Accounting -> Financial Accounting-> Fixed Assets -> Periodic Processing -> Depreciation Run -> AFAB - ExecuteMonthlyReporting/Corporate AccountsFI18Maintain Exchange RatesOB08Accounting -> Financial Accounting-> General Ledger -> Environment -> Current Settings -> S_BCE_68000174 - Enter Translation Ratesinterface MEDECOFI19Post Accrual / Deferral EntriesFBS1Accounting -> Financial Accounting-> General Ledger -> Periodic Processing -> Closing -> Valuate -> FBS1 - Enter Accrual/Deferral Doc.MonthlyCorporate AccountsFI20Post Recurring EntriesF.14Accounting -> Financial Accounting-> General Ledger -> Periodic Processing -> Recurring Entries -> F.14 - ExecuteDepends on Nature of entry and target accrual datesCorporate AccountsFI21Reverse Accrual / Deferral EntriesF.81Accounting -> Financial Accounting-> General Ledger -> Periodic Processing -> Closing -> Valuate -> F.81 - Reverse Accrual/Deferral DocumentMonthlyCorporate AccountsFI22Receivables and Payables RegroupementsF101Accounting -> Accounts Receivables -> Periodic Processing -> Closing -> Regroup -> F101 - Receivables/payablesMonthlyCorporate AccountsFI23GR/IR ClearingF.13 Accounting -> Financial Accounting-> General Ledger -> Periodic Processing -> Automatic Clearing -> F.13 - Without Specification of Clearing CurrencyMonthlyCorporate AccountsFI24Revaluation of Foreign Currency BalancesF.05 Accounting -> Financial Accounting-> General Ledger -> Periodic Processing -> Closing -> Valuate -> F.05 - Foreign Currency ValuationMonthly/WeeklyCorporate AccountsCOCCA25Correction of FI documents for wrong cost centre entriesKB61Accounting > Controlling > Cost Center Accounting > Actual Postings > KB61 Repost Line ItemsWeekly/MonthlyCO26Period close in COOKP1 Accounting > Controlling > Profitability Analysis > Actual Posting > Period End Closing > Transfer Cost Center costs > AssessmentMonthlyReportingCO-FI27CO-FI RecoS_ALR_87013603Accounting > Controlling > Cost Element Accounting > Information System > Reports for Cost and Revenue Element Acc > Reconciliation > CO/FI Reconciliation in CoCd CurrencyWeekly/MonthlyReportingCOPA28CO - PA assessmentKEU5 Accounting > Controlling > Profitability Analysis > Actual Posting > Period End Closing > Transfer Cost Center costs > AssessmentMonthlyReportingCOPA29Reconciliation between CO - CCA - COPAGR55 ZTL8 Accounting > Controlling > Cost Center Accounting > Information System > Tools > Report Painter > Report Writer > Report GroupZTL8> ExecuteMonthlyReportingCOPA30RES1 Report execution and validationKE30Accounting > Controlling > Profitability Analysis > Information System > Execute ReportD/W/MReportingFI31Balance Audit TrailS_ALR_87100205 -General Ledger >Periodic Processing > Closing > Document > Balance Audit Trail > All Accounts > S_ALR_87100205 - General Ledger from the Document FileMonthlyCorporate AccountsFI32Compact JournalS_ALR_87012289Accounting -> Financial Accounting-> General Ledger -> Periodic Processing ->Closing > Report > General Ledger Reports >Document > General >Compact Document JournalMonthlyCorporate AccountsFI33VAT LiabilityF.38 General Ledger >Periodic Processing > Closing > Report > F.38 - Transfer Deferred TaxMonthlyCorporate AccountsFI34VAT LiabilityF-32Accounting -> Financial Accounting-> General Ledger -> Document Entry -> F-02 - General PostingMonthlyCorporate AccountsFI35Analyse GR / IR a/c to crystalise and close the liability in the GR / IR a/c to chase up invoicesFBL3N / F.13(TEST run and without tick " only docs which can be cleared"MonthlyCorporate AccountsFI34Review and download the p& l and balance sheetS_ALR_87012284 Ledger -Reporting -> Information System -> General Ledger Reports > Balance Sheet/ Profit and Loss Statement / Cash Flow ->General > Actual/Actual Comparisons ->S_ALR_87012284MonthlyCorporate Accounts/ReportingIM35Investment Management ReportS_ALR_87013019Accounting -> Investment Management -> Internal Orders ->Information System ->Reports for Internal Orders ->More ReportsS_ALR_87013019S_ALR_87012816 , S_ALR_87012824 , S_ALR_87012993 , S_ALR_87012994 :MonthlyReportingIM36Investment Management ReportAW01NAccounting > Investment Management > Fixed Assets >Asset > AW01N Asset ExplorerD/W/MReportingYEAR END CLOSING OPERATIONSModuleSr. No.Process DescriptionT Code / Menu-pathPreceding DependencySubsequent Process ImpactedPeriodicity(D/W/M)Person Responsible / LocationFI1Open FI Posting PeriodsOB52 Accounting -> Financial Accounting-> General Ledger -> Environment -> Current Settings -> S_ALR_87003642 - Open and Close Posting PeriodsOpen period 13closeNormal periods 1 to 12 initially.OpenSpecial Period 13 , only for non sales accounts ( exclude accounts 7*)Allows all specific en year postingsAnnualCorporate AccountsFI2End year Manual FI PostingsFB50 Accounting -> Financial Accounting-> General Ledger -> Document Entry -> FB50 - Enter G/L Account DocumentAll specific postings for regularisation involving generation of and FI and non sales imapct-commissions on salesAnnualCorporate AccountsFI3Fiscal Year Change for Fixed AssetsAJRW Accounting -> Financial Accounting-> Fixed Assets -> Periodic Processing -> AJRW - Fiscal Year ChangeNone1/Calcul evaluation on next period2/Posting to Assets Accounting in next Fiscal Year3/reporting BudgetAnnualCorporate AccountsFI4Open FI Posting PeriodsOB52 Accounting -> Financial Accounting-> General Ledger -> Environment -> Current Settings -> S_ALR_87003642 - Open and Close Posting PeriodsCloseSpecial Period 13 to 16 to be closed after full & complete finalisation. of trial balance.All processing involving generation of and FI Document not allowed in next posting period.AnnualCorporate AccountsFI5Fixed Assets Year-End ClosingAJAB Accounting -> Financial Accounting-> Fixed Assets -> Periodic Processing -> Year-End Closing -> AJAB - ExecuteAfter END closing period 13=>Completion of Capitalization Activities and Posting of Final Depreciation Run for the Fiscal Year.Posting to Previous Fiscal Year can not be continued after the year- end closingAnnualCorporate AccountsFI6Account Reconciliation for Fixed AssetsABST2 Accounting -> Financial Accounting-> Fixed Assets -> Periodic Processing -> Year-End Closing -> ABST2 - Account ReconciliationAfter END closing period 13=>Completion of Capitalisation Activities and Posting of Final Depreciation Run for the Fiscal Year.Rectification of reported errors on account of Capitalisation or depreciationAnnualCorporate AccountsFI7Vendors & CustomersF.07 Accounting -> Financial Accounting-> Accounts Payable -> Periodic Processing -> Closing -> Carrying Forward -> F.07 - Balance Carry ForwardScrutiny and closing of all Vendor & Customer accountsAnnualCorporate AccountsFI8Balance Sheet GLF.16 Accounting -> Financial Accounting-> General Ledger -> Periodic Processing -> Closing -> Carrying Forward -> F.16 - Balance Carry ForwardScrutiny and closing of all GL Balance Sheet accountsAnnualCorporate AccountsFI9P & L ItemsF.16 Accounting -> Financial Accounting-> General Ledger -> Periodic Processing -> Closing -> Carrying Forward -> F.16 - Balance Carry ForwardScrutiny and closing of all GL P & L accountsAnnualCorporate AccountsCO10Period close in COOKP1Accounting > Controlling > Profitability Analysis > Actual Posting > Period End Closing > Transfer Cost Center costs > AssessmentFI closing done and FI period is closed for last month.CO process and assessment cycle run,RES1 reportingAnnualReportingCO-IM11Carry forward of open commitments for investmentKOCFAccounting > Controlling >Internal Orders > Year-End Closing > Commitment CarryforwardBudgetory control on investment in next yearAnnualReportingCOCCA12Checking overhead report(before and after assessment run)S_ALR_87013611 , S_ALR_87013634 , S_ALR_87013635 , S_ALR_87013625MIS reporting ????AnnualReportingFI13Review and download the p& l and balance sheetS_ALR_87012284 Ledger -Reporting -> Information System -> General Ledger Reports > Balance Sheet/ Profit and Loss Statement / Cash Flow ->General > Actual/Actual Comparisons ->S_ALR_87012284Scrutinise & Download P& L and Balance SheetYear endAnnualCorporate AccountsIM14Investment Management Report_ALR_87013019List: Budget/Actual/Commit:Accounting -> Investment Management -> Internal Orders ->Information System ->Reports for Internal Orders ->More Reports :S_ALR_87012816 , S_ALR_87012824 , S_ALR_87012993 , S_ALR_87012994 :Special FI periodsclosedReportingAnnualReporting

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