Overview
The "Period end closing" scenario describes the process chain of sequential closing procedures for all sections of the company operational management for the last reporting period (monthly, quarterly and annually). As a result of closing the period, all business transactions of the company are posted in the period of their occurrence, the rights to change transaction in the closing period is prohibited for all users, reporting is generated, analyzed and published.
Period end closing flowchart
- a process group the process belongs to
- a typical business process
- a typical E2E business process scenario
- a typical E2E business process cluster
Links to User Guide
- Monitor period-end closing
- Perform month-end check in Purchase
- Perform month-end check in Sales
- Conduct period-end closing in production
- Perform closing for repair and maintenance orders
- Perform month-end check in Cash
- Carry out periodic fixed asset depreciation
- Perform periodic amortization of intangible assets
- Perform closing in payroll
- Perform profitability analysis
- Perform accounting and financial close
- Report closing figures