In period-end closing, a company compiles information at the end of a fiscal period. Many departments of a company contribute to closing information as well as use the information for strategic purposes, so coordinating this effort in a way that ensures it can be accomplished quickly and the information put to best use is a challenging task. For every company it is an ultimate goal that the period-end close run smoothly and provide the basis for the company’s financial and management reporting. Achieving this objective has two aspects. The first is to manage the organization of people, accountability of the closing tasks, and communication. The second is to eliminate error-prone and time-consuming tasks. mySAP ERP offers new functions and a simplified data structure to achieve both.
Download and read more Accelerate Closing Operations With New General Ledger
Related posts:
- New General Ledger Accounting Functions
- Advantages in New General Ledger
- Month End and Year End Closing Operations
- Migration from Classic General Ledger to New General Ledger
- Benefits of New General Ledger
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