FI-Closing Procedure

[Former Member]

If a compnay did not close his accounts for last 2 years, so what will be the procedure now for closing, can we do year end closing directly for last year than for this year or we have to do month end one by one, (asset accounting is also running and depreciation run is supposed to do every month)

[Former Member]

Hi,

You must close each year, begin with the old one. About depreciation in asset accounting you run just the last period of the year then you will get all depreciation periods posted.

After depreciation, don't forget to run transactions : AJAB and AJRW

Regards.

[lakshmi_matta]

Hi

If you didnt this close your account since two years then you have to close your accounts one year by one. Not month by month.

Regards

Lakshmi

[former_member470479]

Dear Ozair,

In FI

1. Open New Year or Fiscal Year Change using AJRW

2. Close the Asset Fiscal Year using AJAB

3. Balance Carry Forward for Vendors/Customers  F.07

4. Balance Carry Forward for General Ledger  F.16 / FAGLGVTR

5. Copy Number Ranges to New Fiscal Year OBH2

Regards

Sarvottam

[former_member470479]

Dear Ozair,

                  we can open only two year for asset in sap.so please firstly Depreciation should be run before asset closing.So need to run depreciation for all assets then after that you will be able for closing.

rewards pionts if issue closed

Regards

Sarvottam