- Financial Document Reconciliation:
- Review and reconcile General Ledger (GL) accounts, ensuring that debits and credits match.
- Verify open items and clear any outstanding items or reconciling items.
- Accruals and Deferrals:
- Adjust accrual accounts to recognize expenses that belong to the current period but are not yet recorded.
- Adjust deferral accounts to defer recognition of revenues or expenses to future periods.
- Depreciation Run:
- Execute the periodic depreciation run for fixed assets using the appropriate depreciation keys.
- Ensure that fixed asset values are updated, and any impairment losses are considered.
- Foreign Currency Valuation:
- Revalue open items in foreign currencies to reflect the current exchange rates.
- Evaluate the impact on balance sheet items and make necessary adjustments.
- Bank Reconciliation:
- Match bank statement entries with SAP records.
- Identify and resolve discrepancies, such as outstanding checks or deposits.
- Closing Cockpit:
- Utilize the Closing Cockpit to organize and execute closing activities.
- Monitor the progress of tasks, ensuring that each step is completed accurately.
- Run Financial Statements:
- Generate financial statements like the balance sheet, income statement, and cash flow statement using SAP report programs.
- Validate the accuracy of figures and investigate any significant variations.
- Tax Reporting:
- Prepare tax-related reports, such as tax returns and declarations.
- Ensure that tax codes and rates are up-to-date and applied correctly in transactions.
- Vendor and Customer Reconciliation:
- Reconcile vendor and customer accounts by matching open items.
- Clear any open items, and investigate and resolve discrepancies.
- Internal Order Settlement:
- Settle costs from internal orders to the appropriate cost centers or projects.
- Verify that settlements are in line with budgetary and project requirements.
- Review Controlling Reports:
- Analyze Controlling reports, including variance analysis for cost centers and profit centers.
- Investigate any significant discrepancies and take corrective actions.
- Archiving and Data Cleanup:
- Archive historical data to improve system performance
- Clean up obsolete data, such as unused master data or documents, to optimize system resources
- Document Parking and Posting:
- Ensure all parked documents are reviewed and posted
- Address any issues with parked documents, and ensure proper authorization for posting
- Audit Trail Review:
- Review audit logs to track changes made during the closing process
- Ensure that any alterations to financial data are appropriately documented and authorized
- Backup and System Checks:
- Perform regular system backups to safeguard data integrity
- Conduct system checks for errors, and address any issues affecting system performance
Learning purposes good. R2R.P2P. O2C
Dear madam/Sir,
I’m aware of your need for a SAP at your company’s IT department. I am applying today with the required experience, training, and expertise that you are looking for. My ability to analyze business processes, coupled with my keen interest in data management, makes me a strong candidate for the SAP Finance role at your esteemed organization.You will find more details in my attached resume.
Thanks & Regards,
BOOPATHI