What are the Month End Closing Activities in Finance?
Page 1 of 1
What are the Month End Closing Activities in Finance?
1. Recurring Documents.
a) Create Recurring documents
b) Create Batch Input for Posting Recurring Documents
c) Run the Batch Input Session
2. Posting Accruals or Provisions entries at month end
3. Managing the GR/IR Account-Run the GR/Ir Automatic Clearing
4. Foreign Currency Open Item Revaluation-Revalue Open Items in
AR.AP
5. Maintain Exchange Rates
6. Run Balance Sheets –Run Financial Statement Version
7. Reclassify Payables and Receivables if necessary
8. Run the Depreciation Calculation
9. Fiscal Year Change of Asset Accounting if it is year end
10. Run the Bank Reconciliation
a) Create Recurring documents
b) Create Batch Input for Posting Recurring Documents
c) Run the Batch Input Session
2. Posting Accruals or Provisions entries at month end
3. Managing the GR/IR Account-Run the GR/Ir Automatic Clearing
4. Foreign Currency Open Item Revaluation-Revalue Open Items in
AR.AP
5. Maintain Exchange Rates
6. Run Balance Sheets –Run Financial Statement Version
7. Reclassify Payables and Receivables if necessary
8. Run the Depreciation Calculation
9. Fiscal Year Change of Asset Accounting if it is year end
10. Run the Bank Reconciliation
michael_fico- Posts : 163
Join date : 2012-03-23
Similar topics
» What are the period end closing activities in controlling ?
» What are the other activities in Cost center?
» What are the other important activities in Profit Center?
» If there are two company codes with different chart of accounts how can you consolidate their activities?
» At month end you calculate actual activity prices in the system. You want to revalue the production orders with this actual activity prices. What are the options available in the system for revaluation?
» What are the other activities in Cost center?
» What are the other important activities in Profit Center?
» If there are two company codes with different chart of accounts how can you consolidate their activities?
» At month end you calculate actual activity prices in the system. You want to revalue the production orders with this actual activity prices. What are the options available in the system for revaluation?
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|
Mon Aug 20, 2012 4:37 pm by Admin
» Difference between Type and Like
Thu Jun 07, 2012 2:40 pm by Admin
» How to handle table control fields in Module Pool program?
Wed May 09, 2012 2:41 am by govind
» Three tables inner join in SAP
Thu May 03, 2012 4:47 pm by Uma_ABAP
» Creating table type in ABAP
Sat Apr 28, 2012 9:03 pm by Uma_ABAP
» Creating user defined types and structures in ABAP
Sat Apr 28, 2012 8:55 pm by Uma_ABAP
» Creating Dynamic Internal Table and Dynamic Field catalog in SAP-ABAP
Fri Apr 27, 2012 11:00 am by Admin
» Copy Custom PF-Status from Standard program to Custom Program in ALV
Thu Apr 26, 2012 9:52 pm by Uma_ABAP
» Calculate/find number of working days between two dates in SAP
Tue Apr 24, 2012 2:06 pm by Uma_ABAP