How does the Annual Close batch R098201 work ?

Jawad

Active Member
Hi All,
At the end of 2007, we ran the batch R098201 for Annual Close.
The Accounting concept of Closing, as you know, is to Credit all Expense Accounts & Debit all Revenue Accounts (make them zero), and Credit their netting to the Profit / Loss of Current Year account.
However, I have noticed that the system concept is to create new F0902 lines for each Account for the new year, and to calculate the Balance Brought Forward for the Balance Sheet Accounts.
But does the system do any Accounting Entry on the Profit / Loss of Current Year Account ??
In our case, I couldn't see any such Accounting Entry in GL.
Can somebody please tell me how the system deal with this ??
Is there any batch other than R098201 that we should run ??

Any guideline or hint is much appreciated.
 
I am getting a weird error trying to open these, however take a look at these knowledge Browser documents.

Annual close docs

I'd recommend reading these and post back with any further questions. Usually I search the Knowledge Browser and Solution/SAR Search and then post if I can't find it. Another idea is to search this forum for annual close or your UBE.
 
Jawad,

R098201 is not going to hit F0911 at all.
It's filling F0902.GBAPYC (Balance Forward) for the next year for all
accounts, and calculate your company retained earnings to be recorded as
well in next year F0902.GBAPYC (see GLG4 AAI setup).
The retained earnings calculation is performed using GLG6 - GLG12 range (see
P&L accounts).

The first time you look at F0902.GBAPYC field it appears really strange to
see it populated for both BS and P&L accounts. The system should be so
clever to avoid using it for P&L accounts in calculating your account
balance.

Regards, ciao.

Carlo


2008/2/7, Jawad <[email protected]>:
 
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