Professional Documents
Culture Documents
First you will have to close the Posting period in the Materials Management
side. To do this use the T.Code MMPV and give the period that needs to be
Opened. Once this is done you will not be able to Post any Material Documents
in the previous period.
Now at the Financial side you need to open the next period and at the same
time you need to close the Previous period. This can be done in T.Code OB52
here is the list for FI/CO year end closing check list:
CLOSING ACTIVITIES
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)
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)
48 Check Validation dates for Cost Centers, Cost Elements, CO area (T.Code:
GGB0)
53 Post Cost Center Assessments and Distributions (T.Code: KSU5 & KSV5)
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)