How Do You Perform ‘annual Closing’ In Sap?

1.	How Do You Perform ‘annual Closing’ In Sap?
Answer» ‘Annual Closing’ is like any other ‘period closing’ and you will be performing all the activities that are required for a period-end-close. In ADDITION to those activities, you will also: Carry forward Vendor and Customer accounts Carry forward the GL account BALANCES of all the Balance Sheet items Close the PROFIT &AMP; Loss Accounts and carry forward the balance (profit or loss) to the retained EARNINGS account(s) For a GL account ‘carry forward,’ use the program SAPF011. ‘Annual Closing’ is like any other ‘period closing’ and you will be performing all the activities that are required for a period-end-close. In addition to those activities, you will also: For a GL account ‘carry forward,’ use the program SAPF011.

Answer»

‘Annual Closing’ is like any other ‘period closing’ and you will be performing all the activities that are required for a period-end-close.

In ADDITION to those activities, you will also:

Carry forward Vendor and Customer accounts
Carry forward the GL account BALANCES of all the Balance Sheet items
Close the PROFIT &AMP; Loss Accounts and carry forward the balance (profit or loss) to the retained EARNINGS account(s)

For a GL account ‘carry forward,’ use the program SAPF011.

‘Annual Closing’ is like any other ‘period closing’ and you will be performing all the activities that are required for a period-end-close.

In addition to those activities, you will also:

For a GL account ‘carry forward,’ use the program SAPF011.

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