Period-End Closing - Plant (BEI)

Period-End Closing - Plant (BEI)

This scope item helps you to ensure that the costs incurred during production activities (such as materials manufactured in-house) are assigned to those activities. The costs are allocated to the corresponding products in profitability analysis.

Key Process Steps Covered

  • Run assessment cycle for quality costs
  • Record purchase-order-related accounts payable transactions
  • Release blocked invoices
  • Ensure that goods movements are complete - postprocess faulty goods movements
  • Open new materials management (MM) period
  • Run actual overheads calculation for production and process orders
  • Perform preliminary settlement for co-product
  • Calculate work in progress (WIP)
  • Run production, process order, and product cost collector variance calculation
  • Settle variances
  • Analyze variances
  • Close completed production orders
  • Analyze production costs

Benefits

  • Get transparent view of production costs for materials manufactured in-house
  • Process automatically and efficiently

Where is Period-End Closing - Plant(BEI) being used?

This Scope item is used in the following way:

  • As a support function of Accounting and Financial Close within Finance Scope Item Group

Process flow of Period-End Closing - Plant (BEI)

Find below the process flow of the scope item Period-End Closing - Plant as it is defined for release s4h-2021.


Download Process Flow of Best Practice scenario Period-End Closing - Plant (BEI) - S/4HANA OP
Ref: Finance of SAP S4H-2021
Best Practices related to S/4HANA*1) Yearly Updates are released per September of each year
*2) The Quarterly updates are released per Februari, May, August and November
Details of future releases can be found in the SAP Roadmap section of each product. Go to SAP Roadmap Product Finder.
Knowledge Center Scheer Nederland | The Process Experts Visit also the SAP Cloud ERP knowledge center of Scheer Netherlands. The following topics are covered:
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