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Scenario Overview
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Financial
Closing Month-End
Scenario
Explorer
Scenario/Processes
Business Value
Scenario Flow
Further Information
Scenario Description
The Financial Closing business scenario helps you to perform financial period-end closing activities to ensure correct financial
statements, such as Balance Sheet, Income Statement, and Cash Flow Statement. Other closing activities are performed in the
corresponding areas separately. The system generates a closing activity list according to the companys individual scope that can be
adapted according to the requirements of month-end or year-end closing.
The accountant prepares closing by ensuring that all operational transactions are entered in the system, such as entering and paying
invoices or performing physical inventory counts.
The Closing Cockpit supports the legal requirements and minimizes the risk of missing important steps or incorrect timing.
The accountant performs periodic valuation tasks, such as asset depreciation or foreign currency remeasurement and allocates costs and
revenues to the correct periods. This ensures timely and compliant financial reporting and analysis.
Accountant
Open Legend
Financial Closing
Scenario Overview
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Financial
Closing Month-End
Scenario
Explorer
Scenario/Processes
Business Value
Scenario Flow
Further Information
Scenario Description
Legend
Open
CloseLegend
Legend
The Financial Closing business scenario helps you to perform financial period-end closing activities to ensure correct financial
statements, such as Balance Sheet, Income Statement, and Cash Flow Statement. Other closing activities
are performed
in the
Process
mainly driven
by the user
corresponding areas separately. The system generates a closing activity list according to the companys individual scope that can be
adapted according to the requirements of month-end or year-end closing.
Process mainly driven by the system
The accountant prepares closing by ensuring that all operational transactions are entered in the system, such as entering and paying
Manual process not supported by the
invoices or performing physical inventory counts.
system
The Closing Cockpit supports the legal requirements and minimizes the risk of missing important steps or
incorrect timing.
The accountant performs periodic valuation tasks, such as asset depreciation or foreign currency remeasurement and allocates costs and
Process that communicates with thirdrevenues to the correct periods. This ensures timely and compliant financial reporting and analysis.
party software (mouse-over for details)
Process with relevance to Financials
Related scenario
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Accountant
<Role Name>
<Role Name>
Financial Closing
Process Details: Financial Closing Month End
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Prepare
month-end
closing
Perform
valuation
Create
financial
statement
reports
Scenario
Explorer
Scenario/Processes
Business Value
Process Description
The Month-End Closing business process helps you to perform financial period-end closing
activities to ensure correct financial statements, such as Balance Sheet, Income Statement,
and Cash Flow Statement.
Period-end closing activities include completing operational transactions and other monthend preparational postings, such as journal entry vouchers.
In the case of partner companies it also includes entering intercompany journal entry
vouchers.
Further Information
Performed by
Accountant
Scenario Flow
Further Information
See also
Financial Statements
Quick Guide for Closing Cockpit
Financial Closing
Process Details: Financial Closing Month End
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Prepare
month-end
closing
Perform
valuation
Create
financial
statement
reports
i
i
i
Quarter-End Closing
Year-End Closing
Closing with Consolidation Preparation
Scenario
Explorer
Scenario/Processes
Business Value
Process Description
The Month-End Closing business process helps you to perform financial period-end closing
activities to ensure correct financial statements, such as Balance Sheet, Income Statement,
and Cash Flow Statement.
Period-end closing activities include completing operational transactions and other monthend preparational postings, such as journal entry vouchers.
In the case of partner companies it also includes entering intercompany journal entry
vouchers.
Further Information
Performed by
Accountant
Scenario Flow
Further Information
See also
Financial Statements
Quick Guide for Closing Cockpit
Financial Closing
Business Value
Perform
Prepare
Perform
Physical
Inventory
Send Balance
Confirmations
to Suppliers
and Customers
Scenario
Explorer
Scenario/Processes
Business Value
Scenario Flow
Further Information
Run Other
Period
Closing
Preparations
Perform
Foreign
Currency
Remeasure
ment Run
Report
Valuate
Perform
Depreciation
and other
Valuation
Runs
Overview
For midsize companies who need to meet
quickly and efficiently financial filing deadlines
and achieve better transparency and
compliance, this scenario aligns payables and
receivables, tax and inventory accounting,
management and general ledger accounting.
You can improve financial and management
reporting for regulatory compliance and
increase investor confidence.
SAP Business ByDesign helps manage
efficiently the end-of-period closing process:
From completing operational transactions and
their required postings, submitting reports to
tax authorities through to the creation of
financial statements.
Post
Accruals
and
Valuations
Post
Reserves
and
Transfers
Create
Balance
Audit Trail
Create
Schedule of
Fixed Assets
Create
Financial
Statements
Key Benefits
Central and standardized closing procedure ensures the integration of each
individual statement form
Reconciliation capabilities to proof the consistency across different business areas
Access to an up-to-date, comprehensive overview of the closing status, which
promotes transparency
Parallel accounting functionality enables creation of financial statements that comply
with appropriate accounting principles
Ability of employees to define closing tasks and their sequence well in advance,
thereby supporting compliance and minimizing the risk of missing important steps or
getting their timing wrong
Built in analytics enables a drill down to capture changes and adjustments affected
by closing activities
Financial Closing
Scenario Flow
General
Ledger
Financial Closing
- Month-End
Quarter-end closing
Year-end closing
Closing with
Consolidation
Preparation
Scenario
Explorer
Scenario/Processes
Business Value
Scenario Flow
Further Information
Legend
Process
mainly
driven by
the user
Process
variant1
Process
variant 2
Process related
to Financials
Work
Center
Financial Closing
Further Information
Scenario
Explorer
Scenario/Processes
Self-Enablement Systems
If you want to try out the business
scenario, click here.*
Business Value
VV
Scenario Flow
Further Information
WIKI
In addition to the product
documentation, SAP provides
Wikis that describe additional
aspects of SAP Business
ByDesign.
To access the WIKI, click here.*
* Note that to access the links above you need to have a user in SAP Business Center. If you cannot access the page directly and if you are using Microsoft Internet Explorer, please
check http://support.microsoft.com/kb/890474.