Performing Period-End Close in SAP Group Reporting
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Key Takeaways
⇨ SAP S/4HANA Finance for Group Reporting can perform extensive financial consolidation activities.
⇨ After the consolidation process, your period must be closed in the FI SAP S/4 database and the SAP Group Reporting Period.
⇨ SAP Group Reporting is not open for custom development, so be careful if you choose to make any changes.
Financial consolidation can be a complicated process for SAP users. When it comes time to perform period-end close procedures, finance teams must ensure that they have taken all necessary steps to avoid audit by correctly performing all closing activities.
In this article, SAPinsider expert Dr. Marco Sisfontes-Monge walks you through some of the crucial steps you must take when performing period-end close processes in SAP Group Reporting. He will also offer key insights into potential issues and important reminders for how best to minimize risk throughout the process. He will also guide you through important tools in the financial close arsenal, like Data Monitor, SAP S/4HANA Finance for Group Reporting, Consolidation Monitor, and more.
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