Finance & Controlling
What is Period-End Close?
The set of tasks run at month, quarter, or year end to finalize accounting periods and produce reliable financial statements.
Typical SAP steps include depreciation, accruals, GR/IR regrouping, foreign currency valuation, CO allocations, settlement, and period locking. Tasks are orchestrated via SAP Financial Closing cockpit or Advanced Financial Closing. Mock closes during testing reduce first-close risk after go-live.
Related terms
Posting Period
A period of the fiscal year in which postings are allowed, opened and closed through the posting period variant.
Depreciation Run
The periodic program that posts planned depreciation from asset accounting to the general ledger.
Foreign Currency Valuation
A period-end process that revalues open items and balances in foreign currency using current exchange rates.
Settlement
Transferring costs collected on an order or project to final receivers, such as cost centers, assets, or profitability segments.
SAP S/4HANA Cloud for Advanced Financial Closing
A BTP-based service that plans, schedules, and monitors period-end closing tasks across SAP systems.
Record to Report
The finance process covering journal posting, period-end close, consolidation, and financial reporting.
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