This PDF training document provides an overview of the month-end closing procedures in SAP S/4HANA for the General Ledger module. It outlines the primary transactions and reports that are key parts of performing period-end tasks such as opening/closing periods, intercompany reconciliations, posting accruals and deferrals, clearing accounts, foreign currency valuation, and income tax accruals. The document aims to equip users with the knowledge to efficiently execute month-end close responsibilities for the general ledger.
Key topics covered in the document are:
- Process Overview: High-level summary of activities involved in month-end close such as clearing accounts, posting adjustments, running valuations, creating reports.
- Opening and Closing Posting Periods: Using transaction FAGL_EHP4_T001B_COFI to open next periods for posting and close previous periods.
- Intercompany Reconciliation: Using FBL1H, FBL5H, and FBL3H transactions to reconcile AR/AP between group companies.
- Accruals and Deferrals: Posting accruals and deferrals with FBS1 and reversing with F.81.
- Automatic Clearing and GR/IR Clearing: Using F.13 for automatic clearing and F.19 for GR/IR clearing accounts.
- Foreign Currency Valuation: Steps for performing currency valuation of open AP/AR.
- Corporate Income Tax Accruals: Overview of accruing income tax expenses.
- Financial Statements and Reports: Reviewing various GL reports and statements for closing.