Year End Activities for AA

[Former Member]

Dear All,

Pls let me know AA year end activities to be done in sequence.

Thanks

[Former Member]

Hi Srikrishna,

Please find the below list of Year end activities in Asset Accounting.

1 Depreciaition Run AFAB

2 Periodic Transfer Postings ASKB

3 Close Financial Year AJAB

4 Open New Fiscal Year AJRW

5 Close FI Periods for AA OB52

and aslo find the below details of GL year end activities, might help you out when you need.

1 Foreign currency Valuation F.05

2 Forex Rate Maintainance OB08

3 Auto Accounts Clearing F.13

4 GR / IR Accounts Clearing F.19

5 Accrual Postings FBS1

6 Reverse Accrual Postings F.81

7 GL Balances Carry Forward to New FY F.16

8 Close Posting Periods FI OB52

9 Close Posting Periods MM MMPV

Accounts Recievable

1 Foreign currency Valuation for Open Items F.05

2 Customer Open Item Clearing F-32

3 Balances Carry Forward to New FY F.07

Accounts Payable

1 Vendor Payments / Down Payments Made F110, F-48

2 Foreign currency Valuation for Open Items F.05

3 Vendor Open Item Clearing F-44

4 Balances Carry Forward to New FY F.07

Regards

Sridhar

[Former Member]

The following are closing procedure for AA

1. Capitalize pending Asset capitalization

2. Capitalize Asset under construction

4. Post Depreciation/Run Depreciation

5. Close last fiscal year exp: 2011

6. Open new Fiscal year (2012)

Please do let me know if you have any concerns

Regards, MS