MONTH END ACTIVITIES IN SAP FICO
Here are month end closing activities need to be accomplished at end of month:
1. All the expenses including amortization, prepaid expenses, Preliminary expenses and accruals have been booked. . !omplete "ank #econciliation #econciliation (T.Code FF!"# $. %ake sure that &um of 'nter company balances is (ero ). &uspense Accounts should be cleared regularly. regularly. *. +nsure that all documents related to %% &- have been entered in system. (T.CodeF$%%&'!) * F$+,&'")#
. +nsure that all billing documents are released to accounting. /. !alculate 0verheads on all process 0rders (CO+,# . 2echnically 2echnically complete all process orders 3hich are fully processed (CO-M#. 4. !alculate 5ariance 677&189 6#elevant only if &tandard cost is calculated8. 1. &ettle all process orders 3hich are technically complete (CO#. 11. !lose All settled Process 0rders 1. !lose %% period (T/ansaction Code MMPV#. 1$. !arry out ;#<'# clearing (F.0,# transaction 1). -epreciation #un (AFA1# has been carried out for the month 1*. !lose =' Posting period after the month end closing activity is over (T.CodeO12%#
Chec3 4ist 'o/ '5ll closing
1 +xecute #eport for 'nter !ompany Activity >ournal +ntries 0pen posting period for next yr 62.!ode: 62.!ode: 0"*8 $ #un "usiness Area?s Assignment report. 62.!ode: =.*8 ) #evie3 list of recurring @ournal entries 62.!ode: ="-$8 * +xecute #ecurring +ntries for A<#, A
Satyanarayanareddy G
SAP FICO Consultanat
)1 +nter 2ax >ournal +ntry 62.!ode: =")18 ) #econcile ; balances 3ith sub ledger balances A#<%%
