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Year-end Closing

Former Member
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Hi Expert,

In the Checklist of the Year-end closing, there is part for reconciliation. Is there any implication if we don't perform reconciliation and straight to run the year-end closing?

Thanks!!!

Accepted Solutions (1)

Accepted Solutions (1)

former_member187989
Active Contributor
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Check this link

https://www.sdn.sap.com/irj/scn/wiki?path=/display/b1/sapBusinessOne...ToGo-3.TheBasicsofFinancial+Accounting

Look for year end check list in chapter Period end procedure.

Jeyakanthan

Answers (3)

Answers (3)

Former Member
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Completing all reconciliations is a normal part of any year end close. You shouldn't close the books until you are sure that the values you will report are accurate.

That being said, you can perform the close, then, if you find later adjustments, these can be posted and the close can be performed again.

Former Member
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SBO 2005A SP001 PL 14

Edited by: Rui Pereira on Apr 30, 2009 5:17 PM

Former Member
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Hi Jack,

What is your B1 version and PL?

Thanks,

Gordon