cancel
Showing results for 
Search instead for 
Did you mean: 

Month end activity

Former Member
0 Kudos

hi all

can any one tell me why do the month end activity what is expected result

can be explain detail.

Thanks in advance

Milind

Accepted Solutions (0)

Answers (1)

Answers (1)

iklovski
Active Contributor
0 Kudos

Hi,

Period-end activity is very wide subject and its definition can vary from project to project. Speaking in accountants words, you have to close your period in order to get final result of your business activities during the period in question. To achieve this, you have to perform certain FI-LO operations in SAP, which as I said, are not constant and could vary due to clients requirements and system configuration.

Regards,

Eli

Former Member
0 Kudos

hi Milind,

as you know that there are 12 posting periods provided in SAP, this means that you u can post your every day transactions in that particular date/day in that particular month/period. After the end of the month you have to close that period so that you can not post or adjust the last month results or transactions. sometimes you need to close some activities like Depreciation, Accruals, Outstanding payments,GR/IR Clearing,Bank Reconciliation, etc., these are all called as month end activities.