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SAP Learning

Explaining Local Close for the General Ledger

via SAP Learning

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​Explain the technical and legal steps that need to be executed for the month/year end close. 

Syllabus

  • Describing the Local Close Steps for General Ledger Accounting
    • Executing the Steps for Month-End and Year-End Entity Close
    • Using Posting Period Variants to Control the Opening and Closing of Posting Periods
    • Setting Up the General Ledger to Display Accruals and Deferrals
    • Executing Automatic Clearing for Regular Maintenance
    • Revaluing Foreign Currency G/L Balances
    • Running the Balance Carryforward Program
    • Applying Manual Adjustments
    • Managing Financial Statement Versions
    • Describing the Local Close Steps for General Ledger Accounting

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