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author's profile photo Former Member
Former Member

Year end closing

Hello all,

for the first time I'm studing the year end closing procedure. I can't undestand the next two things:

01. In the Period-End Closign - Seection criteria in the text box "Period-End Closing Account" i have to set a accout belonging to the last draw in the chart of account? or it have to be a balance shhet account?

02.the account in the last draw are not considered in the Profit and loss statement?

Thank You a lot

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3 Answers

  • Best Answer
    Posted on Jul 21, 2009 at 07:12 AM

    Hi Ercole,

    the YEC guide is designed to aid your accountant in closing off the year with SAP Business One. It is meant as an example. It is up to the accontant & the local legal requirements to decide which particular accounts to use.

    All the best,

    Kerstin

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  • Posted on Jul 20, 2009 at 02:15 PM

    hi,

    Check Period/Year end closing Checklist in wiki page.

    https://wiki.sdn.sap.com/wiki/display/B1/SAPBusinessOne...ToGo-3.TheBasicsofFinancial+Accounting#SAPBusinessOne...ToGo-3.TheBasicsofFinancialAccounting-PeriodEndProcedures

    Jeyakanthan

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  • author's profile photo Former Member
    Former Member
    Posted on Jul 20, 2009 at 05:06 PM

    Hello,

    What is the account in the last drawer in your CoA? All localizations may have different drawers.

    Thanks,

    Gordon

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