How to use CKMG - Allow Closing Entries

CKMG - Overview

• Transaction Code: CKMG

  Description: Allow Closing Entries

  Release: S/4HANA and ECC 6

  Menu Path:

  • Logistics > Materials Management > Valuation > Actual Costing/Material Ledger > Periodic Material Valuation > Organizational Measures > Allow Closing Entries
  • Logistics > Materials Management > Material Master > Environment > Material Ledger > Periodic Material Valuation > Organizational Measures > Allow Closing Entries
  • Logistics > Production > Master Data > Material Master > Environment > Material Ledger > Periodic Material Valuation > Organizational Measures > Allow Closing Entries
  • Logistics > Production - Process > Master Data > Material Master > Environment > Material Ledger > Periodic Material Valuation > Organizational Measures > Allow Closing Entries
  • Logistics > Central Functions > Engineering > Material > Environment > Material Ledger > Periodic Material Valuation > Organizational Measures > Allow Closing Entries
  • Accounting > Controlling > Product Cost Controlling > Actual Costing/Material Ledger > Periodic Material Valuation > Organizational Measures > Allow Closing Entries

• • Program: ML_ALLOW_CLOSING

    Screen: 1000

    Authorization Object:

  • Development Package: CKML

    Package Description: Material Ledger

    Parent Package: APPL

  • Module/Component: CO-PC-ACT

    Description: Actual Costing/Material Ledger

CKMG - Details

• SAP Tcode: CKMG - Allow Closing Entries

  
  Overview:
  The SAP transaction code CKMG is used to allow closing entries in the General Ledger. It is used to close the books at the end of a fiscal year or period. This transaction code is used to post closing entries in the General Ledger and to update the balance sheet accounts. 
  
  Functionality: 
  The CKMG transaction code allows users to post closing entries in the General Ledger. It also updates the balance sheet accounts with the closing entries. The closing entries are posted in a separate ledger, which is then used to update the balance sheet accounts. The closing entries are posted in a separate ledger, which is then used to update the balance sheet accounts. 
  
  Step-by-step How to Use: 
  1. Enter transaction code CKMG in the command field. 
  2. Select “Allow Closing Entries” from the menu. 
  3. Enter the fiscal year and period for which you want to close the books. 
  4. Select “Post Closing Entries” from the menu. 
  5. Enter the necessary details for posting the closing entries in the General Ledger. 
  6. Select “Update Balance Sheet Accounts” from the menu. 
  7. Enter the necessary details for updating the balance sheet accounts with the closing entries. 
  8. Select “Save” from the menu to save your changes and close out of the transaction code CKMG. 
  
  Other Recommendations: 
  It is important to note that when using