FI has to be closed first and then only CO? Clarify Pls...
Answers were Sorted based on User's Feedback
Answer / ijaz hussain bukhari
Posting made at real time in FI and subsequently in CO. For
example if wants to post an expense in FI in Jul 2007 but
perod for CO is closed your posting will made in FI but no
entery shall be shown in CO. Resultantly when you reconcile
FI vs CO you faced a difference in balance.
For any help you can call me
Ijaz Bukhari-Lahore-Pakistan
92-333-4564811
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / hardyal
The internal allocations such as Assessment & Distribution cycles, Order settlement, variance posting etc are to be done in CO. for this we need to close FI so that subsequent to such internal activities no further posting happen to CO which will affect the latter and create differences.
However B/S posting can be kept open
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sridhar.k
Which expenses we have entered in fi that is updated in
accounts. That effects on financial statements. Controlling
is for control of particular thing. It is not effect on the
financial statements.Only for control and reporting purpose
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / reshmi
FI doc will be updated on the basis of transaction entry for daily business operation but in order to control management reporting and inter control purpose we do maintain controlling area settings.So it is cleared that controlling doc will be generated from FI doc itself through distribution, assessment, settlement of internal order and reposting etc. So until n unless we donot close FI how can I close CO?????????
Is This Answer Correct ? | 0 Yes | 0 No |
what is the difference between costing based and acconting based in copa ?
can we create house for multiple company codes?is it possible to pay cross company code payments? if why please give me answer. thanks for advance
There is two company code with a common tax code. can it possible to define diffrent g/l accounts with singal tax code...and the chart of A/c is same for both company codes
What is web? What is its purpose?
How do you configure the automatic payment program?
Differentiate between real and statistical postings in co? : co- general controlling
What items are required in a financial statement version? : fi- general ledger accounting
Why different G/L have different field status group.
what is difference between primary distribution and secondry distribution of cost in a cost centre
Explain how taxes are handled in sap?
what is global company currency and in which case we have to create global company currency 60 as additional currency in OB22?
asset class is defined at clint level or company code level?