SAP monthly close operation explanation

Step Aggregation	Operation content	Transaction code	Required?	Operation Time	End of month/year
1	Close the bill of materials to be closed and open the bill of materials for the next period	Mmp v/mmrv	Yes	FI month ends	Month/year
2	open the financial account for the next accounting period	ob52	Yes	Start of monthly Fi close	month/year
3	confirm that all business accounts are collected during this period, cashier and accounting reconciliation	F-02, vf01, Miro, etc.	Yes	before the end of the month	month/year
4	Depreciation of fixed assets		Yes	before the end of the month	month/year
5	exchange rate assessment this month and maintenance of next month's accounting exchange rate	ob08	NO	before currency evaluation	month/year
6	gr/IR multiclass classification	F.19/SM35	Yes	purchase invoice input completed	month/year
7	Foreign Currency exchange rate assessment		NO	before the end of the month	month/year
8	maintain the actual statistical indicators of each cost center		Yes	Start of month Co	month/year
9	actual distribution cycle	ksv5	Yes	formal co monthly close operation	month/year
10	actual distribution cycle	ksu5	Yes	formal co monthly close operation	month/year
11	run a segmentation loop	kss2	Yes	formal co monthly close operation	month/year
12	calculate the actual job price	ksii	Yes	formal co monthly close operation	month/year
13	reevaluate the production order	con2	Yes	formal co monthly close operation	month/year
14	change the WIP checkout period		Yes	formal co monthly close operation	month/year
15	WIP Calculation for production orders	kkao	Yes	formal co monthly close operation	month/year
16	Differential Calculation of production orders	kks1	Yes	formal co monthly close operation	month/year
17	enable posting of current item	mmrv	Yes	prepare to settle the production order	month/year
18	settlement of production orders	co88	Yes	WIP calculation and production order Variance Calculation are completed	month/year
19	disable posting of current item	mmrv	Yes	after the production order is settled	month/year
20	manually adjust the production cost center because of decimal point calculation, the cost center of the current cost is not absorbed enough or the excessive amount reaches the current sales cost	F-02/s_alr_8701361	Yes	after the production order is settled	month/year
21	adjust the production cost difference to the current sales cost based on the sales situation	F-02	NO	after the production order is settled	month/year
22	close the current accounting period		Yes		month/year
23	disable Co period		NO		month/year
24	transfer the general ledger balance to the next fiscal year		Yes		year
25	Carry forward the current balance to the next fiscal year		Yes		Year
26	Annual settlement of Fixed Assets