Year-End Closing in SAP enables users to create postings in the accounting system when a fiscal year or posting period ends. This function allows the transfer of previous profit and loss G/L account balances from one fiscal year or period to another.
The procedures described in this guide represent a concept that is generally applicable. Following activities are explained in detail:
- Year End (Period End Closing)
- Introduction
- Process Flow
- Description
- Preparation
- Backup
- Checking Control Accounts
- Exchange Rate Revaluation
- Financial Audit Adjustments
- Run Stock Audit Report
- Run Profit And Loss Statement
- Year End Closing
- Year End Closing Process
- Examples Of Possible Error Messages
- Distribution Rule