What is period closing program in SAP LO-MD - Logistics Basic Data?

SAP Term: period closing program

• Component: LO-MD

• Component Name: Logistics Basic Data

• Description: A program that is run at the start of each new period to ensure that certain data is updated in the correct period and goods movements are posted to the correct period.

Smart SAP Assistant

• Key Concepts: 
  The period closing program is a tool used in the LO-MD Logistics Basic Data component of SAP software. It is used to close the current period and open the next period for all relevant documents. This ensures that all documents are up-to-date and accurate. 
  
  How to use it: 
  To use the period closing program, first select the relevant documents that need to be closed. Then, enter the date of the current period and the date of the next period. Finally, run the program to close the current period and open the next period for all selected documents. 
  
  Tips & Tricks: 
  It is important to ensure that all documents are up-to-date before running the period closing program. This will ensure that all documents are accurate and up-to-date when the program is run. 
  
  Related Information: 
  The period closing program is part of the LO-MD Logistics Basic Data component of SAP software. Other components of this software include inventory management, material requirements planning, and warehouse management.