1.

Month-end closing in Financial Accounting

Update Exchange Rates
Gaps in Document Number Assignment
Invoice Numbers Allocated Twice
Open and Close Posting Periods
Enter Recurring Entries
Post Recurring Entries
Run Batch Input Session
Automatic Clearing of GR/ IR Account special process
Analyze GR/ IR Clearing Accounts
Automatic Clearing of GR/ IR Account
Post Adjustment Entries
Foreign Currency Revaluation
Post Tax Payable
Record of sales and Use Tax Report
Comparison Documents/ Transaction Figures
Close Previous Accounting Period
Balance Interest Calculation
Display Document Journal
Financial Statement

2. Year-end closing in Financial Accounting

Create Factory Calendar for New Year
Carry Forward AP/ AR Balances
Carry Forward GL Balances
Re-grouping Receivables/ Payables
Balance Confirmation Receivable
Balance Confirmation Payable
Final Close and Release Financial Reporting

Close Previous Accounting Period

Display Document Journal.
Print 1099 MISC forms (Only for USA)
The upload of GL Balances have to split into several steps:

1. Normal GL Accounts: In this case line items are not required and totals are t
o be updated in SAP. This can be done using GL fast entry if the number is not t
oo high.

2. Open Item Managed GL Accounts: All the open line items are required to be upl
oaded in SAP from Legacy in order to clear them. Hence, a LSMW / BDC program has
to be developed to upload the line items.
BAPI_ACC_DOCUMENT_POST - for GL/AP/AR
BAPI_ACC_INVOICE_RECEIPT_POST - for AP
BAPI_ACC_GL_POSTING_POST - for GL

GL Balance
F-02 or RFBIBL00 or BAPI

Dr GL a/c Credit Data migration Account or Clearing Account

3. Customer & Vendor Open Items: All open line items in Customer and Vendor Acco
unts have to be brought in into SAP. For this also a LSMW / BDC program needs to
be developed and upload the line items.

Vendor Balances
F-02 or RFBIBL00 or BAPI

Credit Vendor a/c (individually) and Dr Data migration Account or Clearing Accou
nt

Customer balances
F-02 or RFBIBL00 or BAPI

Dr Customers a/c (individually) and Cr Data migration Account or Clearing Accoun

t

4. Asset Accounting: In case asset accounting is implemented the individual bala

nces of each asset (Gross Value and Accumulated Depreciation) have to be uploade
d using transaction AS91. For this also you need to develop a LSMW / BDC program
. Further, you also need to update the GL Accounts related to Asset Accounts wit
h totals for each asset class T.Code OASV.

For uploading the Assets

AS91 -> for uploading assets in AA

OSAV --> for uploading assets in GL entry Dr Asset (individually) Cr Data migrat
ion Account or Clearing Account

You can use LSMW for uploading all these things

After uploading all, your data migration account will become zero
Thank you very much for that perfect reply. Really appreciate that...

For CO-PA the client had accepted for a costing based approach.

And for Assets i came to know from another forum that we need to have 2 differen
t approaches with respect to 1) Assets purchased upto the close of the previous fiscal year; and
2) Assets purchased during the current fiscal year.

And one more thing - can we use the same LSMW template for uploading both the bo
ok depreciation and tax depreciation values..??
For CO-PA we created our own LSMW template and also a BDC recording thru T-Code
KE21N and uploaded the line items.