Annual Closing
is like any other period closing and you will be performing all the activities
that are required for a period-end-close. In addition to those activities, you
will also:
Carry forward Vendor and Customer accounts
Carry forward the GL account balances of all the Balance Sheet items
Close the Profit & Loss Accounts and carry forward the balance
(profit or loss) to the retained earnings account(s)
For a GL
account carry forward, use the program SAPF011.
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