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Former Member
Mar 25, 2010 at 04:01 PM

Period end closing question



I have a client who is using the period closing utility monthly. After doing the period closing, 2 JEs are created. No.1 on last day of the month, moving balance from GL account to Period end closing account. No.2 moving it to Retained earnings account.

The company account then manually reconciles the transactions in the GL account. This is time consuming and they are wondering why it is not automated in SAP?

I would guess that it doesnt reconcile automatically in case it is to be reversed?

Is it necessary to reconcile these?