Professional Documents
Culture Documents
(Note - Before setting version through OKEQ set the desired CO Area - OKKS)
Posting periods
Balance Carryforward
Fixed Assets
Note - T Code AJRW, AJAB should run forground in test run while into background
mode in actual run)
F150 - Dunning
(This step is relevant to GL accounts managed in foreign currency and open items
that were posted in foreign currency)
(Note - T Code AFAB should run forground in test run while into background mode in
actual run)
This document explains steps to be followed for closing the Fiscal Year in SAP
Finance and Controlling (FI & CO). For each activity, you will find descriptive notes
and screenshots from SAP ECC 6.0. See the content below;
Activities In Finance
Closing the Asset Year and Change the New Year [AJAB]
Reports
Activities In Controlling
Assessment Run
WIP
Settlement
This is a handy document that guides you for Year-End Procedures in Asset
Accounting. Highlights from the document is as follows:
One of the most common problem end-users face is Fiscal year Change not yet
made for company code XXXX, this is because fiscal year change is not carried out
yet in Asset Accounting through transaction AJRW. Required procedures covered in
document with screenshots.
Before you run year-end closing (AJAB), make sure depreciation runs (AFAB, ASKB)
are all done. Then start closing with account reconcilation of AA and FI and later
execute Fiscal Year change (AJAB)
You may face problems during year-end closing. In this document you will be guided
for Depreciation not posted completely and Transactions not completely
periodically posted problems.
1)To Carry forward vendor and customers balance to next FY as opening balance (F-
07)
1. Open New Fiscal Year or Fiscal Year Change for Assets -->AJRW
Close Period in FI
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.
8. Technically complete all process orders which are fully processed (CORM).
10. Settle all process orders which are technically complete (CO88).
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) Year end
Closing Activities:
1. Calculate production work in progress on process orders which are not technically
complete. (CO88).
2. Carry out Assessment cycle for Cost Centers (T. Code: KSUB)
4. Carry Forward Balances to next year With TC: F.16 we can carry forward the
balance to next year. With TC: OBH2 copy the number ranges to next year Open
next year periods by selecting the Posting Period Variant. then test by posting the
transaction in F-02)
4 - FI period open
7 - Bank Reconciliation
30 - Reclassification of GL balances
33 - Transfer to FI - 1KE8