What are the Month End Closing Activities in Finance?

1. Recurring Documents.

a) Create Recurring documents

b) Create Batch Input for Posting Recurring Documents

c) Run the Batch Input Session

2. Posting Accruals or Provisions entries at month end

3. Managing the GR/IR Account-Run the GR/Ir Automatic Clearing

4. Foreign Currency Open Item Revaluation-Revalue Open Items in

    AR.AP

5. Maintain Exchange Rates

6. Run Balance Sheets –Run Financial Statement Version

7. Reclassify Payables and Receivables if necessary

8. Run the Depreciation Calculation

9. Fiscal Year Change of Asset Accounting if it is year end

10. Run the Bank Reconciliation

11. Open Next Accounting Period