Day-End Closing  

Use

You use this function to carry out day-end closing. The day-end closing enters the payment flow of a posting day and compares it with the actual bank transactions from the same period. Each posting day must end with a match of these two figures, although pending items must also be considered.

Prerequisites

To carry out day-end closing you must have executed the following IMG activities in the Customizing of Funds Management Government:

·         Assign Posting Day to Company Code/FM Area

·         Maintain Summarization Key (FI Accounts) for Day-End Closing

The totals list of day-end closing is issued by default with the SAP List Viewer. If you need a different print layout, such as a SAPScript form, you must execute IMG activity BAdI: Definition of Print Layout for Day-End Closing.

If you are carrying out day-end closing in your system for the first time or want to introduce a new summarization key, you must consider other prerequisites.  For more information, see Preparation for Day-End Closing.

Features

To be able to carry out day-end closing properly, you must also check whether the payments displayed in day-end closing were updated correctly in the budget, separate from day-end closing. All these processes are necessary to ensure the correct mapping of payment processes in the SAP system. They are displayed in the following graphic:

A detailed function description of the day-end closing program can be found in the program documentation that you can call from the selection screen of day-end closing.

For an example of how postings are displayed in day-end closing, see Example: Posting Display in Day-End Closing.

For information on the payment match, see FI Funds Management Payment Matching.

Activities

You can find day-end closing in the Funds Management menu, under Additional Functions ® Posting Day ® Additional Functions German Government ®Closing.