Overview

Within period-end closing, all sales- and distribution-related transactions must be posted in the period they took place.

Here you will learn how to complete sales, facilitate posting, and post all unfinished sales and distribution documents in the correct accounting period.

As a result of the process, the sales and distribution documents are posted in correct accounting period.

Conduct period-end closing in sales and distribution flowchart

How to review revenue recognition and commissions

How to verify that all invoices have been sent

How to reconcile open accounts with customers

Paths

How to review billing due lists

1. Go to Sales and click Issue invoices under Sales management.

2. Review the list of references for issuing invoices.

3. Set the Pending issue/receipt status in the Goods issues field.

4. Select the reference document.

5. Click Fulfillment status.

6. Review the report.

How to restrict further posting for sales in accounting periods

1. Go to Master data and settings and click Users and rights settings under Settings.

2. Click the Period-end closing dates section.

3. Select the Period-end closing dates check box.

4. Click Configure.

5. Click For specified users.

6. Click Pick and select user groups or users from the form.

7. For each selected user:

• Set period-end closing date.
• Specify the Date by sections option.

• Select the section in the list.
• Specify the date for each section so that no accounting-specific transactions can be posted for the closed period.

8. Repeat it for each user selected.