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Author's profile photo Abdullah Galal

Finance Period End: Did Someone Post to a Previous Month? (ECC / S4HANA Walk-through)

One of the major issues the finance team faces when reporting quarter or annual statements is they find different monthly numbers than what was reported before

The reason for the variance is usually the same: someone opened the old posting period and did some stock movements or other financial entries after we submitted the reports

It’s essential that we know which financial entries were posted after we closed the period, this can be done in one simple transaction

System Walk-through:

Test Case: We want to know what was posted in January 2019 after we closed the month

1) Transaction FB03 > Document List

2) Insert the below details:

Posting Date (Postings appear in financial statements in this date) = 01 January to 31 January

Entry Data (The system date when entry was processed, can’t be changed by anyone) = 01 Feb to End of year

3) That’s it!, now you can analyze the report

This process should be part of the period end procedure, and the team should be trained to do this at the end of every month.
Thank you, see you in the next blog post 😉

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      Author's profile photo vishwanath vedula
      vishwanath vedula

      Nice tip for a novice in fico, like me. Thanks for your share.

      Author's profile photo Manuel Robalinho
      Manuel Robalinho

      Very good. I have sometimes this problem. It can be solved using that.