Reversing Closing Entries (SAP Library - Actual Costing/Material Ledger (CO-PC-ACT))

Reversing Closing Entries

Prerequisites

You have performed the closing entries for single-level or multilevel material price determination.

The closing entries that you want to reverse relate to the previous period.

You can only reverse the closing entries from the previous period. Reversing closing entries for periods before the previous period is not possible.

Procedure

Choose Accounting ® Controlling ® Product Cost Controlling ® Actual Costing/Material Ledger ® Actual Costing ® Edit Costing Run.
Under Process and Post Closing choose Parameters.
Choose Closing Entry ® Reverse.

The indicator Revaluate material is not relevant to a reversal. The system automatically determines whether for the closing entry that you want to reverse the inventory was revaluated or not from the closing document.

Result

The system reverses the postings and the changes related to the last closing entry.