PP Year End To Do List

PP Year End To Do List

We will do our first year end.  What should I do for the PP module?

These are the activities we have defined for ALL areas including PP and they are in addition to your normal month end closing: 

1. Create new material document number ranges for the new year. 

2. Generate period rules for Asset Accounting. 

3. Do Asset Accounting year end close and Fiscal year change. 

4. Roll all A/R and A/P balances. 

5. Close out all nominal / P&L accounts in accounting. 

6. Enter all cost center budgets for the new year. 

7. Enter new standard costs for your materials for January 1 of the new year. 

8. Maintain the planning for your activity type used in your work centers for the new year 
(otherwise you will not be able to do confirmations in the new year.) 

9. Create calendar for new year.