Sunday, June 5, 2011

What are the Year End Closing Activities in Finance?

1)To Carry forward vendor and customers balance to next FY as opening balance (F-07)

2)To Carry forward asset Balance
         -to check which year is closed for asset accounting (OAAQ)
         -to close previous FY for asset accounting (AJAB)
         -to open next FY for asset accounting (AJRW)


3)To carry forward G/L Balances

4)To Copy no range intervals for next FY

5)To open posting period for next year

6)To open special periods 

No comments:

Post a Comment