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.
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.