Month End Closing Steps

Posting period for the new month need to be opened at company code level

Month-end closing comprises all activities involved in closing a posting period.

Of others sub modules enter their activities before closing:

·         FI Open the new month period

·         MM Period closing

·         PP Order  settlement

·         SD Pending billing for the period released to accounting

·         HR Payroll run and posted.

·         CO Run WIP Calculation and settlement

·         Posting adjustment document to FI and Payments.

·         FI Maintain/Update TCURR Exchange Rate with conversation rate

·         FI Asset depreciation run

·         CO  Run the  assessment / distribution cycle

·         FI Close the old month period.