Preparation for Day-End Closing 

Use

You use this function if you want to carry out day-end closing in your system for the first time or if you want to introduce a new summarization key.

Features

To be able to use day-end closing, system administration must activate the posting day. You define the necessary Customizing settings in the Implementation Guide (IMG) under Funds Management Government, under Requests  ® Maintain Global Settings.

System administration must set up at least one closing group for day-end closing and assign it to the relevant company codes and FM areas. For more information on this, see the IMG of Funds Management Government, under Cash Desk ® Close Posting Day ® Assign Posting Day to Company Code/FM Area.

System administration must create summarization keys for the day-end closing evaluation. The assignment of FI G/L accounts to summarization keys is a prerequisite for a separate display in day-end closing. For more information, see the Implementation Guide of Funds Management Government under Cash Desk ® Close Posting Day ® Maintain Summarization Key (FI Accounts) for Day-End Closing.

The opening balances have to be posted. For more information, see Posting Opening Balances.

If certain users need authorization to be able to post in future posting dates, you must assign separate authorizations for this.  You can find more information under Exceptions for Posting Days.