Skip to Content
Former Member
Mar 06, 2009 at 06:22 PM

year end closing


HI ,

Please suggest how to execute the year end transaction for the year 2007-2008

My client has not executed the year end transaction for the last year , so now we have to execute the year end transaction for last year.

So all balances has to be carry forward , when I have checked the tcode I have observed that in MR11 it is showing a huge balance of around 1 crore.

Please also note that the last year there was error in configuration that is

At the time of good receipt when excise duty was captured it was going into the cenvat clearing account

but at the time of miro it was flowing into the custom clearing MM instead of cenvat clearing

So how to do the reconciliation of MM and FI

and how to clear the Mr11 balance

So that it should not effect year end closing.

Please also suggest if any precautions that has to be taken for last year end closing.