Year End Closing Activities in SAP Business One

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

Download – Year End Closing Activities in SAP Business One