How to close fiscal period at indian localization? Please tel me Do's and Don' in Fiscal period closing process as well....!

[Former Member]

Hi Experts,

How to do Fiscal Year Closing ?

When I pulled out profit and Loss statement form SAP B1, Why its not match with manual closing accounts book? company manual account profit and loss statement is match and correct but sap is showing negative values and values does not match.

Please tel me what are the different scenario we might face at Fiscal year closing on profit and loss statement? For Example: Negative Balance, Balance Does not match.

Regards & Thanks

Vikas Thorat.

[former_member227598]

Hi Vikas,

Please check this Link......

http://www.aetherconsulting.com/workspace/resources/pdfs/howto_year_end_closing_v881-and-882.pdf

https://websmp103.sap-ag.de/~sapidb/011000358700000848002010E.pdf

RGds,

Kamlesh Naware

[Former Member]

Hi Kamlesh,

as you provided notes was so na cool!!!!!!!!!!!!!!!!!!

I have one more question on posting period. last company consultant has select period such format FY-2014 and year as period so only single period was created last time. is that right format?  Normally months to be select at sub period right?

Regards and Thanks,

Vikas Thoart.