Year End Closing

Month end process will be done first followed by year end procedure as follow

·         MM Clearing GR/IR.

·         FI Opening the new document number range for the new year

·         FI Asset fiscal year change.

Fiscal year will be changed after all the closing operations are completed.     The System automatically opens a new fiscal year provided period is open. When you make the first posting of that year, or when you carry forward the balances from the previous year.

FI GL Balance Carried Forward

The system carries forward account balances from the closed fiscal year to the new fiscal year. The balances are not carry-forward automatically by the system, even if you have already posted data in the new fiscal year.

FI AR/AP Balance Carried Forward

The customer and vendor accounts, and the balance sheet accounts are     carried forward by themselves. The income statement accounts are carried forward into one or more retained earnings accounts. The balances are carrying forward to the subsequent year. Even if the closing balances get changed for the previous year, the system updates the current year balances automatically. The final balance carried forward programs will be made after the accounts are finalized.

FI close old year posting period

CO generates / releases the new cost of finished good for the New Year

FICO generates annual reports like (BS &PL).

Financial Statement Version: FSV is a hierarchical arrangement which is configured for giving details at greater levels for each node. Multiple structures will be created for statutory and management purposes. Values for the previous fiscal year will also be available in the system, to print the comparison statement. The financial statements can be generated at the end of every month, every Quarter and year end. Provisions will have to be made manually before the statements are generated.

AL-NUKALY will issue the formats for financial statement Version (FSV) with mapping and the required versions will be developed.

Actual/Actual Comparisons

S_ALR_87012249 - Actual/Actual Comparison for Year

S_ALR_87012250 - Half-Year Actual/Actual Comparison

S_ALR_87012251 - Quarterly Actual/Actual Comparison

S_ALR_87012252 - Periodic Actual/Actual Comparison

S_ALR_87012284 - Balance Sheet / Profit and Loss Statement

Plan/Actual Comparisons

S_ALR_87012253 - Annual Plan/Actual Comparison

S_ALR_87012254 - Half-Year Plan/Actual Comparison

S_ALR_87012255 - Quarterly Plan/Actual Comparison

S_ALR_87012256 - Periodic Plan/Actual Comparison

Totals and Balances

S_ALR_87012277 - G/L Account Balances

Structured Account Balances

S_ALR_87012279 - Structured Account Balances

General Ledger, Line Items

S_ALR_87012282 - G/L Line Items, List for Printing

S_ALR_87012304 - SAP Minimal Variant - Open Items

G/L Account Statements

S_ALR_87012332 - G/L Account Statements

Display of Changed Documents

S_ALR_87012293 - Display of Changed Documents

Recurring Entry Documents

S_ALR_87012346 - Recurring Entry Documents

Chart of Accounts

S_ALR_87012326 - Chart of Accounts

G/L Account List

S_ALR_87012328 - G/L Account List

Display Changes to G/L Accounts

S_ALR_87012308 - Display Changes to G/L Accounts

S_ALR_87012333 - G/L Accounts List

Customer Balances

S_ALR_87012167 - Accounts Receivable Information System

S_ALR_87012172 - Customer Balances in Local Currency

S_ALR_87012186 - Customer Sales

S_ALR_87012169 - Transaction Figures: Account Balance

S_ALR_87012170 - Transaction Figures: Special Sales

S_ALR_87012171 - Transaction Figures: Sales

Customers: Items

S_ALR_87012168 - Due Date Analysis for Open Items

S_ALR_87012197 - List of Customer Line Items

S_ALR_87012173 - List of Customer Open Items for Printing

S_ALR_87012174 - List of Customer Open Items

S_ALR_87012175 - Open Items - Customer Due Date Forecast

S_ALR_87012176 - Customer Evaluation with OI Sorted List

S_ALR_87012177 - Customer Payment History

S_ALR_87012178 - Customer Open Item Analysis by Balance of Overdue Items

S_ALR_87012198 - List of Cleared Customer Items for Printing

Master Data

S_ALR_87012179 - Customer List

S_ALR_87012180 - Address List

S_ALR_87012182 - Display Changes to Customers

S_ALR_87012183 - Display/Confirm Critical Customer Changes

S_ALR_87012195 - Customer Master Data Comparison

Reports for Accounts Receivable Accounting

F.20 - Account List

F.23 - Account Balances

F.21 - Open Items

Vendor Balances

S_ALR_87012077 - Vendor Information System

S_ALR_87012082 - Vendor Balances in Local Currency

S_ALR_87012079 - Transaction Figures: Account Balance

S_ALR_87012080 - Transaction Figures: Special Sales

S_ALR_87012081 - Transaction Figures: Sales

Vendors: Items

S_ALR_87012078 - Due Date Analysis for Open Items

S_ALR_87012103 - List of Vendor Line Items

S_ALR_87012083 - List of Vendor Open Items for Printing

S_ALR_87012084 - Open Items - Vendor Due Date Forecast

S_ALR_87012085 - Vendor Payment History with OI Sorted List

S_ALR_87012104 - List of Cleared Vendor Items for Printing

Master Data

S_ALR_87012086 - Vendor List

S_ALR_87012087 - Address List

S_ALR_87012089 - Display Changes to Vendors

S_A/LR_87012090 - Display/Confirm Critical Vendor Changes

S_P99_41000101 - Check Register

S_P99_41000102 - NumberRanges for Checks

Reports for Accounts Payable Accounting

F.40 - Account List

F.42 - Account Balances

F.41 - Open Items

Individual Asset

AW01N - Asset Explorer

Asset Balances

S_ALR_87011963 - ... by Asset Number

S_ALR_87011964 - ... by Asset Class

S_ALR_87011965 - ... by Business Area

S_ALR_87011966 - ... by CostCenter

S_ALR_87011967 - ... by Plant

S_ALR_87011968 - ... by Location

Notes to Financial Statements

S_ALR_87011990 - Asset History Sheet

S_ALR_87011994 - Asset Balances

Depreciation

S_ALR_87012004 - Total Depreciation

S_ALR_87012006 - Ordinary Depreciation

Depreciation Posted

S_P99_41000192 - Posted depreciation by asset and posting period

S_ALR_87010175 - Posted depreciation, related to cost centers

Depreciation forecast

S_ALR_87012936 - Depreciation on Capitalized Assets (Depreciation Simulate

S_ALR_87012026 - Depreciation Current Year

Preparations for closing

S_ALR_87012035 - Depreciation Current Year

S_ALR_87012037 - Changes to Asset Master Records

S_ALR_87012039 - Asset Transactions

S_ALR_87012043 - G/L Account Balances

Asset Accounting Information System

AR01 - Asset Values

AR02 - Asset History Sheet

AR03 - Depreciation Values

Banks

S_ALR_87012309 - Print cash journal

 S_ALR_87012348 - Cashed Checks per Bank Account.