RE:[sap-acct] Year End Procedure
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 | Posted by john_coffey (x) on Jan 28 at 2:02 PM |  Mark as helpful |
I have posted the wuestion also seperately, then found this topic.
I agree with Arnaud. We now have SAP for the 1st year although our mother company in US has it for already 6 years. After completing F.16 I Noticed there was no transaction in Retianed earnings. Concrete it means that in 2010 the FS10N shows the Opening Balance as X (previous years) + Y (P&L 2009 Balance). When double clicking on the balance it takes you to FBL3N. Here the transactions only show X and not X+Y.
I'm strongly convinced this is wrong. I believe the F.16 cannot make the posting as the number of different P&L accounts will have all sorts of different restrictions to reverse the Balance in Company code currency as 1 Amount.
However I have tested in GQT to make the Period 13 entry as Dr S99xxxxxxx (P&L) and Cr S68xxxxxxx (B/S Ret Earn.) This updated fine and brought FBL3N back in line with FS10N (and all other Financial Statement reports for that matter).
Even rerunning F.16 was fine as now the total P&L was already 0.00 and therefor no change in Balance Carried Forward was made (Bookkeeping is so simple).
Concluding, it doesn't even matter if you first make your FI transaction and then do F.16 or the other way around.
Even further, our mothercompany also runs SAP Consolidation Ledger and has a Live feed from our ledger's Transaction. They stated that I should not do the FI transaction as they already run the Balance Carry Forward in Consolidation. I cannot see their ledger but again conceptual it shouldn't matter. If I make my posting and this feeds into Consolidation then already in my Ledger, the Ret Earnings is correct and total P&L will give nice result upto Period 12 and also correct 0.00 up to Period 13. Inb consolidation it's then also 0.00 up to Period 13 and when they run their version of P&L roll to Ret. Earnings it should also give 0.00 but that's ok as Retained Earnings already has the correct closing balance for Period 13.
Any comments are welcome. Summary of the comment is: Why is there nothing to read on making the FI transaction going along with F.16 as it's only logical and correct to do so. Just think of Annual Account reporting etc. Try to explain to the auditors your GL transactions do not match up to your GL Balances.
Rgds,
John
---------------Original Message---------------
From: Shubh_Abishek_SAP_FICO
Sent: Tuesday, May 26, 2009 4:25 AM
Subject: Year End Procedure
> Dear All<br/>I want to know that whether in F.16 (FAGLGVTR) any accounting entry is passed or not.<br/>When I executed it, no FI entry has been passed and when I see the Retained Earnings Balance in Fin Statement Version, the Retained Earnings A/c balance has been updated by the total of all P&L A/c balances.<br/>Is this the only purpose of F.16.<br/>Does it also effects my Current Assets & Current Liabilities A/c.<br/>Secondly I want to know the purpose of F.07.<br/>As it suggests that it will carryforward the balances of AR & AP, however when I am seeing the Fin Stmt Version, it is showing me the correct balances of GL A/c's (Reconciliation A/c) of AR & AP.<br/>Then what is the purpose of it.<br/>Thanks in Advance.<br/>Regards<br/>Shubh Abishek<br/>M-9958696643
__.____._ I agree with Arnaud. We now have SAP for the 1st year although our mother company in US has it for already 6 years. After completing F.16 I Noticed there was no transaction in Retianed earnings. Concrete it means that in 2010 the FS10N shows the Opening Balance as X (previous years) + Y (P&L 2009 Balance). When double clicking on the balance it takes you to FBL3N. Here the transactions only show X and not X+Y.
I'm strongly convinced this is wrong. I believe the F.16 cannot make the posting as the number of different P&L accounts will have all sorts of different restrictions to reverse the Balance in Company code currency as 1 Amount.
However I have tested in GQT to make the Period 13 entry as Dr S99xxxxxxx (P&L) and Cr S68xxxxxxx (B/S Ret Earn.) This updated fine and brought FBL3N back in line with FS10N (and all other Financial Statement reports for that matter).
Even rerunning F.16 was fine as now the total P&L was already 0.00 and therefor no change in Balance Carried Forward was made (Bookkeeping is so simple).
Concluding, it doesn't even matter if you first make your FI transaction and then do F.16 or the other way around.
Even further, our mothercompany also runs SAP Consolidation Ledger and has a Live feed from our ledger's Transaction. They stated that I should not do the FI transaction as they already run the Balance Carry Forward in Consolidation. I cannot see their ledger but again conceptual it shouldn't matter. If I make my posting and this feeds into Consolidation then already in my Ledger, the Ret Earnings is correct and total P&L will give nice result upto Period 12 and also correct 0.00 up to Period 13. Inb consolidation it's then also 0.00 up to Period 13 and when they run their version of P&L roll to Ret. Earnings it should also give 0.00 but that's ok as Retained Earnings already has the correct closing balance for Period 13.
Any comments are welcome. Summary of the comment is: Why is there nothing to read on making the FI transaction going along with F.16 as it's only logical and correct to do so. Just think of Annual Account reporting etc. Try to explain to the auditors your GL transactions do not match up to your GL Balances.
Rgds,
John
---------------Original Message---------------
From: Shubh_Abishek_SAP_FICO
Sent: Tuesday, May 26, 2009 4:25 AM
Subject: Year End Procedure
> Dear All<br/>I want to know that whether in F.16 (FAGLGVTR) any accounting entry is passed or not.<br/>When I executed it, no FI entry has been passed and when I see the Retained Earnings Balance in Fin Statement Version, the Retained Earnings A/c balance has been updated by the total of all P&L A/c balances.<br/>Is this the only purpose of F.16.<br/>Does it also effects my Current Assets & Current Liabilities A/c.<br/>Secondly I want to know the purpose of F.07.<br/>As it suggests that it will carryforward the balances of AR & AP, however when I am seeing the Fin Stmt Version, it is showing me the correct balances of GL A/c's (Reconciliation A/c) of AR & AP.<br/>Then what is the purpose of it.<br/>Thanks in Advance.<br/>Regards<br/>Shubh Abishek<br/>M-9958696643
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