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Month End Closing Processes Guide | SAP FI

Month-End Closing in SAP comprises activities involved in closing a posting period. This document contains several steps and transactions used within the Month-End Closing process for a specific company. After a brief introduction a detailed explanation of the transactions in the main part of the documentation follows. Find below a list of transaction processes covered in this guide;
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Year End Closing Guide in SAP Asset Accounting

This is a handy document that guides you for Year-End Procedures in Asset Accounting. Highlights from the document is as follows:

  • One of the most common problem end-users face is Fiscal year Change not yet made for company code XXXX, this is because fiscal year change is not carried out yet in Asset Accounting through transaction AJRW. Required procedures covered in document with screenshots.
  • Before you run year-end closing (AJAB), make sure depreciation runs (AFAB, ASKB) are all done. Then start closing with account reconcilation of AA and FI and later execute Fiscal Year change (AJAB)
  • You may face problems during year-end closing. In this document you will be guided for Depreciation not posted completely and Transactions not completely  periodically posted problems.

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