YEAR END PROCEDURE

Generally Followed Year end procedures in SAP:

1.      Ensure postings of all the GR’s   upto 31^st March

2.      Ensure posting of all GR done pending for IR related entries till 31^st March. (MB5S).

3.      Ensure posting of all GR done pending for Excise postings till 31^st March. (J1I7).

4.      Ensure all Capitalizations till 31^st March. –  (T.code:AIAB & AIBU).

5.      Run the Depreciation in Asset Accounting - (T.code: AFAB).

6.      Ensure posting of all Goods Deliveries and Billing Documents – Verify VL06G & VF04 - 

7.      Verify through VFX3 whether all Billing documents are posted to accounts or not. –

8.      Check if any provisional entries to be  posted - 

9.      Check if any accrual entries to be posted –(T.Code:FBS1).

10.  Run automatic clearing for GR/IR clg. Etc., -  (T.code F.13).

11.  Forgien currency Valuation  -  ( T.code FAGL_FC_VAL).

12.  Check and post all parked documents – (T.code FBV0).

13.  Check and clear open items of Customers & Vendors –  (T.code: F-32 & F-44). 

14.  Ensure the postings of all Excise related postings, Like any adjustment entries during the financial year

15.  Ensure all the process orders closing which are not in operation –

16.  Ensure WIP Calculations – If process following by your company – . (T.code: KKAX, KKAO).

17.  Cost center adjustments – .(KB61,KSV5, KSU5).

18.  Ensure all production / process orders settlements till 31^st March. (T.Codes: KO88 & CO88).

19.  Maintain the number ranges for all document types

20.  Maintain the number ranges for all excise series groups for all excise number range objects.

21.  Maintain TDS challan and certificate number ranges

22.  Periods open in MM – .(T.code: MMPV)

23.  FI Periods needs to be maintained – (T.code: S_ALR_87003642).

24.  Balances carry forward to next financial year – In case of G/L,A/R and A/P – (FAGLGVTR, F.07).

25.  Fiscal Year Change in Asset Accounting – AJRW transaction code.  

26.  Reverse Bill liability (Customers)  - (T.Code: F-20).

27.  Maintain exchange rates if required –  (T.Code: S_BCE_68000174).

28.  Issue balance confirmation letters –

29.  Bank Réconciliation  -  ( T.codes : ZFF67).

30.  Run Interest  - ( T.code : F-52)