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Financial year change

Former Member
0 Kudos

Hi Consultants

we are currently using financial year April - 2007 To March - 2008

now we have to change the financial year to April - 2008 to March - 2009

for that what all the formalities we need to do

please do the needful

Thanks n regards

siri

Accepted Solutions (0)

Answers (2)

Answers (2)

former_member1244686
Contributor
0 Kudos

Hello,

Adding further, check these also.

1 Maintain Activity prices - KP26

2 - Release of Standard Cost Estimate - CK40N

3 - MM period close and open - MMPV

4 - FI period open

5 - Parked documents to be posted - FBV0, MIRO

6 - Reposting of Inter Office CC - KB61

7 - Bank Reconciliation

8 - Update Section Code where missing - J1INPP

9 - Maintain GRIR clearing - F.13

10 - Provision for current month - FB50

11 - Depreciation entry - FB50

12 - Exchange rate - To be Updated

13 - Revaluation of foreign currency open items - F.05

14 - Recognition of Inventory at Bonded warehouse - FB50

15 - Maintain Statistical Key Figures - KB31N/KP46

16 - Variance Calculation of Process Orders - KKS1

17 - Settlement of variances - CO88

18 - Assessment cycles - Aux/WH CC to Main CC - KSU5

19 - Assessment cycles - Functional CC to SBU CC - KSU5

20 - Assessment cycles - SBU CC to COPA - KEU5

21 - Profit Center Reposting - 9KE0

22 - Balance Sheet Adjustment calculation - F.5D

23 - Transfer Profit Center to AR & AP - 1KEK

24 - Transfer Inventory to PCA - 1KEH

25 - Assessment Cycle - Dummy PC to SBU PC - 3KE5

26 - Check for "Delivery made, not Invoiced" - VF03

27 - Match GL and PCA - KE5T

28 - Match PCA and PA

29 - Top Down Distribution in COPA - KE28

30 - Reclassification of GL balances

31 - Balance Carry forward (Year End Only) - F.16

32 - PCA Balance Carry forward (Year End Only) - 2KES

33 - Transfer to FI - 1KE8

assign points if useful

Former Member
0 Kudos

Hi,

1.Open posting period for next yr (T.Code: OB52)

2.Execute Recurring Entries for A/R, A/P, G/L (T. Code: F.14) if you have.

3.Process Parked A/R, A/P, G/L accounting documents (T.Code: FBV0)

4.Final Cutoff for the Maintenance of Fixed Asset- Add Transfer and Retire (T.Code: ABUMN)

5.Run Depreciation in Test Run and post (T.Code: AFAB)

6.Verify Display Log for Depreciation Test Run (T.Code: AFBP)

7.Capitalize AUC Assets if needed (T.Code: AIAB, AIBU)

8.Verify Depreciation Balances with GL balances (T.Code: ABST2)

9.Post Depreciation (T.Code: AFAB)

10.Execute Asset History Report, and retire assets if needed (T.Code: S_ALR_87011963, ABAVN)

Still there are so many but these are the main things you need to keep it in mind while closing the fiscal year.

You can reward if you are clarified.

Thanks,

Vasu..