SAP - CO : Period End Closing Process

Period end closing process is a monthly activity in CO and it refers to the following areas:

1. Execution of allocation cycles to apportion cost from common or shared cost centers to final cost centers
2. Generation of monthly reports

The following tasks have to be executed at every period end closing:

• Ensure postings are completed from sub modules and sub modules have closed
• Execute all the active allocation cycles
• Check key figures to sub modules (i.e. total Cost Center Accounting figures to agree to total G/L expense accounts etc)
• Generate monthly reports
• Lock current posting period for controlling