8/11/2019 SAP Month End Activities

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1.

Execute Report for Inter Company Activity & Journal Entries

2.

Open posting period for next yr (T.Code: OB52)

3.

Review list of recurring journal entries (T.Code: FBD3)

4.

Execute Recurring Entries for A/R, A/P, G/L (T. Code: F.14)

5.

Process Parked A/R, A/P, G/L accounting documents (T.Code: FBV0)

6.

Final Cutoff for the Maintenance of Fixed Asset- Add Transfer and Retire (T.Code: ABUMN)

7.

Capitalize AUC Assets if needed (T.Code: AIAB, AIBU)

8.

Enter Payroll Data to SAP via journal entry

9.

Execute Asset History Report, and retire assets if needed (T.Code: S_ALR_87011963, ABAVN)

10.

Adjust specific depreciation areas if necessary (T.Code: ABSO)

11.

Check Bank Data (T.Code: S_P99_41000212)

12.

Review AR Open Items (T.Code: FBL5N)

13.

Review AP Open Items (FBL1N)

14.

Open new CO Posting Period: (T.Code: OKP1)

15.

Perform Manual Adjustment if needed (T.Code: F-02, FB50)

16.

Post Accruals and Deferrals (T.Code: FBS1)

17.

Clearing of Cancelled Documents (T.Code: F-03, F-32, F-44)

18.

Aging Report-Reconcile GL balances with sub ledger balances AP ( T.code: FBL1N, FBL5N, FBL3N)

19.

Check the check run numbers (T.Code: FCH1, FCHI)

20.

Bank reconciliation Data (T.Code: FF67 & FEBA)

21.

Reconcile GL balances with sub ledger balances AR/AP (TFC_COMPARE_VZ)

22.

Update Currency Exchange Rates as of month-end (T Code: OB08)

23.

Post Foreign Currency Valuation (foreign exchange) (T.Code: FAGL_FC_VALC; AM - C for

Valuation area 10 and 11; CL for valuation area 12. Valuation area 11 for US GAAP and 12 for HK

GAAP)

24.

Run Depreciation in Test Run, verify and post (T.Code: AFAB, AFBP,ABST2)

25.

Post FA adjustments to GL (T Code: ASKB)

26.

Check generic cost centers for posting with wrong accounts

27.

Correct wrong postings on generic cost centers

28.

Calculate Interest for Customers

29.

Reclassify negative balances for AR and AP

30.

Post Provision for doubtful receivables

31.

Verify Inventory & Cost of Sales balances

32.

Verify Sales balances

33.

Close AR and AP Posting Period : (T.Code: OB52)

34.

Reverse accruals and deferrals for the new month (T.Code: F.81)