month end closing checklist sap
From MB5L we can get the inventory for different time periods- Current Period -On real time basis Exact date and time when we run MB5L Previous Period - Previous month ending report like Apr. Month end stock as on 5th May.
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However a business may choose to prepare the Trial Balance at the end of any specific period.
. This could be at the end of each month quarter half a year or a year as per the need. Typically Trial Balance is prepared at the end of an accounting year. Previous Year- It will give the closing inventory report of the previous year ending.
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