2 Replies Latest reply on Dec 26, 2007 6:46 PM by Vicki Mitchell

    Year End Closing

    Vicki Mitchell

      We are running 2005 A SP01 PL18.  When do you normally close the fiscal year in the SAP? Do you close the same day as your fiscal year ends?  Has anyone encountered any issues with closing the period later?  Our fiscal year ends 12/31 so I am wondering if I need to close everything on 12/31.  What about the journal entries and adjustments that occur afterward, such as reconciling the bank statement and CPA adjustments? How do you handle these? Any known issues would be extremely helpful! Thank you! Vicki