Period end activities in SAP

period end activities

1. Clearing open items:

Generally, every month end business needs to clear vendor/customer open items either manually or through the Automatic payment program.

2. Depreciation run:

Depreciation is calculated periodically when the user acquires/purchases an asset. This with T-code: AFAB to get actual depreciation posted.

3. Accruals:

The best example is, we are on 28-may and we don’t have money to pay for some employees. In this case, they raise provision and later make payment(mostly they do the initial days of the next period)

4. Run month end jobs:

Every business have some repeated activities which need to be done periodically Ex: Batch jobs/Background jobs (making payments,raising invoices etc).

5. Reports:

The report helps the business to analyse the situation and then they make better decisions.

These are period end activities related to the SAP finance.

Year end activities SAP FICO – Click here

SAP FICO Configuration topics:

• SAP Finance Enterprise structure: Click here
• SAP Finance GL Accounting: Click here
• SAP Finance Accounts Payable: Click here
• SAP Finance Accounts Receivable: Click here
• SAP Finance Bank Accounting: Click here
• SAP Finance New Asset Accounting: Click here
• How to Create a Controlling area in SAP: Click here
• SAP Controlling – Cost Element Accounting: Click here
• SAP Controlling – Cost Center Accounting: Click here