Executing Period Closing 

Use

You now execute period closing up to the end of the current fiscal year. The period closing program updates the administration record, thus ensuring that the stock data of the material master are updated.

If, for example, you want to close your periods up to 12/1999, you are not allowed to post values in 10/1999. Therefore, if you still want to make postings in period t, you should execute period closing only for a maximum of t+1 periods.

First of all, you should check to which period the period closing was executed. This ensures that you can subsequently carry out period closing for the remaining periods of the current fiscal year.

Procedure

  1. On the SAP Easy Access screen, enter /nomsy in the transaction field, then choose .

    2. In columns three and four you can see up to which periods the period closing has already been made.

    You now execute period closing for the subsequent periods. Make a note of the relevant periods.

  2. Choose until the overview tree appears.
  3. Call up the transaction as follows:
    4.

    Menu Path

    Logistics ® Materials Management ® Material Master ® Other ® Close Period

    Transaction Code

    MMPV

  4. Enter the following data:
    5.

    Field

    Data

    From company code

    1000, 2000, 3000

    Period

    The next period (month) to be closed

    Fiscal year

    Current year

  5. Choose .

    6. To skip the warning message, choose .

    The system displays an overview screen, containing the current processing status.

  6. Choose until the Close Period for Material Master Records screen appears.
  7. You now repeat this procedure for the subsequent periods, up to and including 01/2001, assuming that you wish to close periods up to the year end. (This means that period 12/2000 can still be posted to.)

    8. Note that each period must be closed individually.

    Once you have corrected all periods, up to and including 12/2000, you can check that everything works okay by repeating step 1.

  8. Choose until the overview tree appears.