Period End Closing in Financial ... - websmp209.sap …sapidp/012002523100012733122015E/... · ©...
Transcript of Period End Closing in Financial ... - websmp209.sap …sapidp/012002523100012733122015E/... · ©...
Period End Closing Financial Accounting
SAP Best Practices
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Purpose, Benefits, and Key Process Steps
Purpose
The closing operations component helps you prepare and carry out the activities required
for day-end, month-end and year-end closing.
For this purpose, the system provides a series of standard reports that can be used to
generate evaluations and analyses of the posted account balances directly.
Benefits
The system helps you to carry out the following:
create the balance sheets and P&L statements
document the posting data
Key Process Steps
Day-end Closing
Month-end Closing
Year-end Closing
© 2014 SAP SE or an SAP affiliate company. All rights reserved. 3
Required SAP Applications and Company Roles
Required
Enhancement package 7 for SAP ERP 6.0
Company Roles
Finance Manager
General Ledger Accountant
Accounts Payable Accountant
Accounts Receivable Accountant
Finance Manager (Germany)
Accounts Payable Manager
© 2014 SAP SE or an SAP affiliate company. All rights reserved. 4
Detailed Process Description
Day-end Closing in Financial Accounting
Update Exchange Rates
Gaps in Document Number Assignment
Invoice Numbers Allocated Twice
Display Compact Document Journal
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Detailed Process Description
Month-end Closing in Financial Accounting (I)
Update Exchange Rates
Gaps in Document Number Assignment
Invoice Numbers Allocated Twice
Open and Close Posting Periods
Enter Recurring Entries
Post Recurring Entries
Run Batch Input Session
Automatic Clearing of GR/ IR Account special process
Analyze GR/ IR Clearing Accounts
Automatic Clearing of GR/ IR Account
Post Adjustment Entries
© 2014 SAP SE or an SAP affiliate company. All rights reserved. 6
Detailed Process Description
Month-end Closing in Financial Accounting (II)
Foreign Currency Revaluation
Post Tax Payable
Advance Return for Tax on Sales/ Purchases
EC Sales List
Foreign Trade Regulation Reports Z4
Foreign Trade Regulation Reports Z5A
Comparison Documents/ Transaction Figures
Close Previous Accounting Period
Balance Interest Calculation
Display Document Journal
Financial Statement
© 2014 SAP SE or an SAP affiliate company. All rights reserved. 7
Detailed Process Description
Year-end Closing in Financial Accounting
Create Factory Calendar for New Year
Carry Forward AP/ AR Balances
Carry Forward GL Balances
Re-grouping Receivables/ Payables
Balance Confirmation Receivable
Balance Confirmation Payable
Final Close and Release Financial Reporting
Close Previous Accounting Period
Display Document Journal
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Process Flow Diagram
Process 1, Day-End Closing
Fin
an
ce
Ma
na
ge
rE
ve
nt
Process Decision
Update
Exchange Rates
Day-End
Closing
Display the
Compact
Document
Journal
Create List of Invoice Number Allocated
Twice
Create List of Gaps in Document Number
Assignment
Ge
ne
ral
Le
dg
er
Ac
co
un
tan
t
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Process Flow Diagram
Process 2, Month-End-Closing
Fin
an
ce
Ma
na
ge
rE
ve
nt
Update Exchange Rate
Month-End Closing -Posting
Month-End Closing –Updating
Process Decision
Open and Close Posting
Periods
EnterRecurring
Entries
Execute Recurring
Entries
Gaps in Document Number
Assignment
InvoiceNumber
AllocatedTwice
Run Batch Input
Session
Account - Automatic Clearing
Post TaxPayable
Analyse GRIR Clearing
Account - Automatic Clearing
Post G/L Account Document
Ge
ne
ral L
ed
ger
Ac
co
un
tan
t
Foreign Currency Revaluation
Advance Return for Tax
on Sales/Pur
chases
EC SalesList
Manual Clearing
Foreign Trade
Regulation Reports Z4
Foreign Trade
Regulation Reports
Z5A
ReconciliationNew
Open and Close Posting Periods
Interest CalculationBalances
AssignProvisions
Define Interest Rates
Valuation ofProvisions
Financial Statement
Actual/AcutalComparsion
Post Provisions
Display Document
Journal
Financial Statement
Actual/Acutal Com-
parsion
Actual/Actual Com-
parsionFinancial Statement
Fin
an
ce
Ma
na
ge
r (G
erm
an
y)
Ac
co
un
ts
Pa
ya
ble
M
an
ag
er
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Process Flow Diagram
Process 3, Year-End-Closing
Acco
un
ts
Receiv
ab
le
Acco
un
tan
tE
ve
nt
Acco
un
ts
Payab
le
Acco
un
tan
t
Regroup Receivables / Payables
Year-End Closing -Updating
Carry Forward GL Balances
Carry Forward AP/AR Balances
Create Factory Calendar for New Year
Display Document Journal
Open and Close Posting Periods
Create Balance ConfirmationReceivable
Create Balance ConfirmationPayable
Create Balance Sheet and P&L Statement
Fin
an
ce
Man
ag
er
Gen
era
l L
ed
ger
Acco
un
tan
t
© 2014 SAP SE or an SAP affiliate company. All rights reserved. 11
Legend
Symbol Description Usage Comments
To next / From last Diagram: Leads to the next / previous page of the Diagram
Flow chart continues on the next / previous page
Hardcopy / Document: Identifies a printed document, report, or form
Does not correspond to a task step in a document; instead, it is used to reflect a document generated by a task step; this shape does not have any outgoing flow lines
Financial Actuals: Indicates a financial posting document
Does not correspond to a task step in a document; instead, it is used to reflect a document generated by a task step; this shape does not have any outgoing flow lines
Budget Planning: Indicates a budget planning document
Does not correspond to a task step in a document; instead, it is used to reflect a document generated by a task step; this shape does not have any outgoing flow lines
Manual Process: Covers a task that is manually done
Does not generally correspond to a task step in a document; instead, it is used to reflect a task that is manually performed, such as unloading a truck in the warehouse, which affects the process flow.
Existing Version / Data: This block covers data that feeds in from an external process
Does not generally correspond to a task step in a document; instead, this shape reflects data coming from an external source; this step does not have any incoming flow lines
System Pass / Fail Decision: This block covers an automatic decision made by the software
Does not generally correspond to a task step in the document; instead it is used to reflect an automatic decision by the system that is made after a step has been executed.
Exte
rnal
to S
AP
Business Activity / Event
Unit Process
Process Reference
Sub-Process
Reference
Process Decision
Diagram Connection
Hardcopy / Document
Financial Actuals
Budget Planning
Manual Process
Existing Version /
Data
System Pass/Fail Decision
Symbol Description Usage Comments
Band: Identifies a user role, such as Accounts
Payable Clerk or Sales Representative. This band
can also identify an organization unit or group,
rather than a specific role.
The other process flow symbols in this table go
into these rows. You have as many rows as
required to cover all of the roles in the scenario.
Role band contains
tasks common to that
role.
External Events: Contains events that start or end
the scenario, or influence the course of events in
the scenario.
Flow line (solid): Line indicates the normal sequence
of steps and direction of flow in the scenario.
Flow line (dashed): Line indicates flow to
infrequently-used or conditional tasks in a
scenario. Line can also lead to documents involved
in the process flow.
Connects two tasks in a scenario process or a non-step event
Business Activity / Event: Identifies an action that either leads into or out of the scenario, or an outside Process that happens during the scenario
Does not correspond to a task step in the document
Unit Process: Identifies a task that is covered in a step-by-step manner in the scenario
Corresponds to a task step in the document
Process Reference: If the scenario references another scenario in total, put the scenario number and name here.
Corresponds to a task step in the document
Sub-Process Reference: If the scenario references another scenario in part, put the scenario number, name, and the step numbers from that scenario here
Corresponds to a task step in the document
Process Decision: Identifies a decision / branching point, signifying a choice to be made by the end user. Lines represent different choices emerging from different parts of the diamond.
Does not usually correspond to a task step in the document; Reflects a choice to be made after step execution
<F
unction>
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