What is closing month in SAP CRM-ANA - CRM Analytics?

SAP Term: closing month

• Component: CRM-ANA

• Component Name: CRM Analytics

• Description: Month in which the opportunity will be completed. The closing month contains the closing date on which the opportunity automatically changes from the 'Active' status to 'Closed' status, in this month. This month is particularly important for analyses, for example, in the Closing Date Analysis of Pipeline Performance Management.

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• Key Concepts: 
  Closing month is a term used in SAP CRM Analytics to refer to the last month of a fiscal year. It is the period when all financial transactions are closed and the financial statements are prepared. The closing month is typically the last month of the calendar year, but can be different depending on the company's fiscal year. 
  
  How to use it: 
  In SAP CRM Analytics, closing month is used to define the period when all financial transactions are closed and the financial statements are prepared. This period is typically the last month of the calendar year, but can be different depending on the company's fiscal year. The closing month is used to ensure that all financial transactions are accounted for and that all financial statements are accurate. 
  
  Tips & Tricks: 
  When setting up SAP CRM Analytics, it is important to ensure that the closing month is set correctly. This will ensure that all financial transactions are accounted for and that all financial statements are accurate. Additionally, it is important to keep track of any changes in the closing month as this could affect the accuracy of financial statements. 
  
  Related Information: 
  For more information about SAP CRM Analytics, please visit https://www.sap.com/products/crm-analytics.html. Additionally, for more information about setting up SAP CRM Analytics, please visit https://help.sap.com/viewer/product/CRM_ANA/7_0/en-US/f9f8d3a2b6c14e8a9f3d7c2b5f9a4d1e.html