Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / siva prasad k
Month end closing Activities
1. All the expenses including amortization, prepaid expenses, Preliminary expenses and accruals have been booked.
2. Complete Bank Reconciliation (T.Code: FF67)
3. Make sure that Sum of Inter company balances is Zero
4. Suspense Accounts should be cleared regularly.
5. Ensure that all documents related to MM & SD have been entered in system. (T.Code:F-22 & F-43)
6. Ensure that all billing documents are released to accounting.
7. Calculate Overheads on all process Orders (CO43)
8. Technically complete all process orders which are fully processed (CORM).
9. Calculate Variance (KKS1)à (Relevant only if Standard cost is calculated).
10. Settle all process orders which are technically complete (CO88).
11. Close All settled Process Orders
12. Close MM period (Transaction Code: MMPV).
13. Carry out GR/IR clearing (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 (T.Code:OB52)
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
Tell me the 3 to 4 functional specification?
What is the meaning of additive costs in sap and why is it required?
What do you mean by balances in local currency only? : fi- general ledger accounting
What items are required in a financial statement version? : fi- general ledger accounting
There is an advance given by the customer which lies in a special gl account indicator A. Will this advance amount be considered for credit check?
How do you open a new fiscal year in the system?
What are the accounting entries take place in mm and sd?
What is account determination ? : fi- asset accounting
What is gr/ir? What journal entries we should pass for this?
What is the purpose of a "document type" in sap?
In gl master, we have a option “balance in local currency” and “account currency”. What does it mean?
What is a company code?
Describe lockbox processing? : fi- accounts receivable
What is a posting key? : fi- general ledger
Which releases of mysap business suite are supported on linux?
