How to Perform ‘Annual Closing’ in SAP?

Annual Closing’ is like any other ‘period closing’ and you will be performing all the activities that are required for a period-end-close. In addition to those activities, you will also:

  • Carry forward Vendor and Customer accounts
  • Carry forward the GL account balances of all the Balance Sheet items
  • Close the Profit & Loss Accounts and carry forward the balance (profit or loss) to the retained earnings account(s)

For a GL account ‘carry forward’, use the program SAPF011.

1 Comment

  1. naseer.erp
    December 14, 2022

    Please send me for the SAP MM for same Annual closing.

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