What is period-end closing in SAP (CO - Controlling)?

SAP Term: period-end closing

• Component: CO

• Component Name: Controlling

• Description: The period-end closing process in Cost Center Accounting -CCA includes periodic transactions such as: Periodic transfer postings Distribution Assessment Calculation of imputed costs These transactions are performed at the end of the period after the primary cost postings for the period have been made. The period-end closing process in Cost Object includes the following business transactions: Overhead calculation Work in progress calculation Variance calculation Settlement

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• Key Concepts: 
  Period-end closing in SAP CO Controlling is the process of summarizing and evaluating the financial data of a company for a specific period. This process includes activities such as creating financial statements, calculating taxes, and reconciling accounts. The period-end closing process is important for ensuring that the financial data of a company is accurate and up-to-date. 
  
  How to use it: 
  In SAP CO Controlling, period-end closing is done by running a series of transactions. These transactions include creating financial statements, calculating taxes, and reconciling accounts. The transactions must be run in the correct order to ensure that the financial data is accurate and up-to-date. 
  
  Tips & Tricks: 
  When running the period-end closing transactions in SAP CO Controlling, it is important to double check all of the data entered to ensure accuracy. Additionally, it is important to make sure that all of the transactions are run in the correct order to ensure that the financial data is accurate and up-to-date. 
  
  Related Information: 
  For more information on period-end closing in SAP CO Controlling, please refer to the SAP Help documentation or contact your local SAP support team.