KAFCO Period End

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 KAFCO Period End acti
Activity
Review list of recurring journal entries (T.Code: FBD3)
Process Parked A/R, A/P, G/L accounting documents (T.Code: FBV0)
Final Cutoff for the Maintenance of Fixed Asset- Add Transfer and Retire (T.Code: ABUMN)
Run Depreciation in Test Run and post (T.Code: AFAB)
Verify Display Log for Depreciation Test Run (T.Code: AFBP)
Capitalize AUC Assets if needed (T.Code: AIAB, AIBU)
Check Bank Data (T.Code: S_P99_41000212)
Review AR Open Items (T.Code: FBL5N)
Review AP Open Items (FBL1N)
Execute Pending Invoices(T.Code: MRBP)
Clear Open Item for GRIR, freight (T.Code: F.13)
Reconciliation of Financial Documents and transactional figures (F.03)
close the  CO Posting Period: (T.Code: OKP1)
Update current cost price to material master price field (T.Code: CK11N, CK24)
Process Freight charges, Match SD freight to actual (T.Code: V-31)
Verify All Post Goods Issue have been Invoiced (Billing Due List) (T.Code: VF04)
Review SD Billing Doc from prior month that have not yet been released to accounting (T.Code : F.2D)
Reconcile PI Inventory with SAP (T.Code: MI07)
Perform Manual Adjustment if needed (T.Code: F-02, FB50)
Verify balance of the GR/IR account ( T.Code: MB5S)
Aging Report-Reconcile GL balances with sub ledger balances AP ( T.code: FBL1N, FBL5N, FBL3N)
Check the check run numbers (T.Code: FCH1, FCHI)
Bank reconciliation Data (T.Code: FF67 & FEBA)
Reconcile GL balances with sub ledger balances AR/MM/AP ( T.Code: F.03)
Post Foreign Currency Valuation (foreign exchange) (T.Code: F.05)
Generate Financial statement Reports ( T.Code:OB58) OR (T.Code: FSE2)
Close Prior MM Posting Period (T.Code: OMSY)
All the expenses including amortization, prepaid expenses, Preliminary expenses and accruals have been b
Complete Bank Reconciliation (T.Code: FF67)
Ensure that all documents related to MM & SD have been entered in system. ( T.Code:F-22 & F-43)
Calculate Variance KKS6
Close MM period (Transaction Code: MMPV).
Close FI Posting period after the month end closing activity is over (T.Code:OB52)
MM/WM FI CO PP SD

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 KAFCO Period End
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 KAFCO Period End acti
Activity
Review list of recurring journal entries (T.Code: FBD3)
Execute Recurring Entries for A/R, A/P, G/L (T. Code: F.14)
Process Parked A/R, A/P, G/L accounting documents (T.Code: FBV0)
Final Cutoff for the Maintenance of Fixed Asset- Add Transfer and Retire (T.Code: ABUMN)
Run Depreciation in Test Run and post (T.Code: AFAB)
Verify Display Log for Depreciation Test Run (T.Code: AFBP)
Capitalize AUC Assets if needed (T.Code: AIAB, AIBU)
Post Depreciation (T.Code: AFAB)
Execute Asset History Report, and retire assets if needed (T.Code: S_ALR_87011963, ABAVN)
Adjust specific depreciation areas if necessary (T.Code: ABCO)
Reconcile AM sub ledger with GL (T.Code: ABST2)
Check Bank Data (T.Code: S_P99_41000212)
Review AR Open Items (T.Code: FBL5N)
Review AP Open Items (FBL1N)
Execute Pending Invoices(T.Code: MRBP)
Clear Open Item for GRIR, freight (T.Code: F.13)
Reconciliation of Financial Documents and transactional figures (F.03)
close the  CO Posting Period: (T.Code: OKP1)
Update current cost price to material master price field (T.Code: CK11N, CK24)
Process Freight charges, Match SD freight to actual (T.Code: V-31)
Verify All Post Goods Issue have been Invoiced (Billing Due List) (T.Code: VF04)
Review SD Billing Doc from prior month that have not yet been released to accounting (T.Code : F.2D)
Reconcile PI Inventory with SAP (T.Code: MI07)
Perform Manual Adjustment if needed (T.Code: F-02, FB50)
Verify balance of the GR/IR account ( T.Code: MB5S)
Clearing of Cancelled Documents (T.Code: F-03, F-32, F-44)
Aging Report-Reconcile GL balances with sub ledger balances AP ( T.code: FBL1N, FBL5N, FBL3N)
Check the check run numbers (T.Code: FCH1, FCHI)
Bank reconciliation Data (T.Code: FF67 & FEBA)
Reconcile GL balances with sub ledger balances AR/MM/AP ( T.Code: F.03)
Post Foreign Currency Valuation (foreign exchange) (T.Code: F.05)
Doubtful receivables (T.Code : F104)
Set Document number ranges - FI - new year (T.Code: OBH2, OBA7)
Set Document number ranges AP/AR - new year (OBA7)
Generate Financial statement Reports ( T.Code:OB58) OR (T.Code: FSE2)
Year end Closing-- Asset Accounting--final for year end (T.Code: AJAB)
Close Prior MM Posting Period (T.Code: OMSY)
All the expenses including amortization, prepaid expenses, Preliminary expenses and accruals have been b
Complete Bank Reconciliation (T.Code: FF67)
Ensure that all documents related to MM & SD have been entered in system. ( T.Code:F-22 & F-43)
Ensure that all billing documents are released to accounting.
Calculate Variance KKS6
Close MM period (Transaction Code: MMPV).
Carry out GR/IR clearing (F.13) transaction
Close FI Posting period after the month end closing activity is over (T.Code:OB52)
MM/WM FI CO PP SD
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