PERIOD-END CLOSING (SBO) title: period-end closing (SBO) (SAP Library - Glossary)
PERIOD-END CLOSING (SBO) category: SAP Business One (SBO)
PERIOD-END CLOSING (SBO) explained:
Procedures at the end of the month or the end of the quarter, or both, for examining financial transactions and making corrections and adjustments.
Period-end closing includes the following tasks:
Make sure that all transactions for the period were posted properly, including adjustments and accruals Print trial balance Print vendor liabilities aging and customer receivables aging reports to reconcile receivable accounts with the G/L Print inventory audit report to reconcile inventory with the G/L Print financial statements Make a backup of your database and put it in an off-site storage location Close or inactivate the fiscal period by locking it using the posting period windowMore terms such as period-end closing (SBO) in Dictionary P.
- Manual Process Step (SV-SMG):
- Help Smallest distinctive unit in a business scenario. The process step is a subtask within a business task (subtask of a process). A process step runs in exactly one SAP application component period-end closing (sbo) definition.
- Manual Ports Manager:
- Help A J2EE Engine module that manages ports, on which sockets are opened period-end closing (sbo) explain.
- Manual Plan Version (CO):
- Help different data to be run in parallel for the same object. The following characteristics could be utilized: The type of acceptance used as a basis (optimistic or pessimistic) The time when it was period-end closing (sbo) what is.
- Manual Processing Block:
- Help of an ABAP program that cannot be separated or nested. Processing blocks are procedures, dialog modules, and event blocks. They contain statements that are structured using control structures in period-end closing (sbo) meaning.
- Manual Product Module:
- Help created in basis folders in product libraries, based on product classes defined in the product model. A product module therefore represents an instance of a product class with all properties. The period-end closing (sbo) abbreviation.
