Skip to Content

KKAO after closing activities.

Dear Experts,

What would be the impact if i only perform the KKAO (WIP) only in the middle of the month? The key-user forgot to run it as part of period end closing activities. Is it better to run it on the midddle of the month? or wait till next closing?

Tips are wellcome,

Regards,

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

2 Answers

  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Nov 09, 2011 at 03:49 PM

    Dear Leandro-

    WIP Calculation program KKAO can be run multiple times in the month, but it will not post anything to the general ledger till you run settlement program (CO88).

    You need to understand that if you run WIP in the middle of the month, and dont settle it till end of the month then all the transactions that happened between middle of the month and end of the month will not get updated to WIP or COGS which is not desirable.

    WIP calculation is a very important step that needs to be performed at the end of the month along with settlement. So, even though you perform WIP calculation and settlement two, three or four times a month, they need to be run again at the end of the month to correctly gather all the actvities for the month and settle correct WIP and COGS amounts.

    Also, you can schedule manager or set these jobs to run automatically end of the month to avoid user mistakes.

    Hope this helps.

    Shail

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Nov 09, 2011 at 12:31 PM

    Hi,

    You can run it. i don't see any harm in it his so long its been run till last period end.

    Only one thing is that you won't see that balance is zero in order as there may be posting in the current period. Further, would advice to wait for next period close.

    As normally we do this for reporting at month end.

    Regards,

    At

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.