Month End Closing Activities in FI

  1. Recurring Documents.
    1. Create Recurring documents
    2. Create Batch Input for Posting Recurring Documents
    3. 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 Payable 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

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