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You can find the below Financial Year End Activities of SAP mm
1) Check for open POs which are pending for GR (which are supposed to be posted in the current year) with Transaction Code ME2N 2) Check for open Physical inventory docs with Transaction Code MI22 3) Check for Subcontracting that are still pending (which are supposed to be posted in the current year) with ME2N 4) Make sure all goods movements are completed in current year. This will be verified with ME2N and MB51
Note: For countries like India, Fiscal year will be April to March so Inventory and Invoice Receipt number ranges etc. would be maintained in December end only so mostly no number range maintenance from MM side. You may check any excise related are needed.
And MM Period Closing Activity with transaction code MMPV and any GR/IR Clearing activity with transaction code MR11 etc. activities will be mostly taken care by Finance but not MM.
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I have provided brief details about Subcontracting process as per my experience. Make it useful. What is subcontracting process? Subcontracting is one of the procurement processes available in MM. In this process, components are shared to vendor to get the final product. Below are the steps involved in this process. Steps to perform subcontracting:
Create subcontracting Info record (Optional) – T Code – ME11
Create subcontracting PO with item category L – T Code – ME21N Steps: ME21N —> Enter Item Category L –>, Material (End Product), PO Quantity, Delivery Date, Net Price, Plant –> Click on Item Details –> Tab Material Data — >Components, select Explode BOM –> Click on Components button –> Enter the sub components –> Go back & Save. Note: Components can be exploded through BOM (T Code CS01) or components can be given manually also.
Create Transfer Posting with Movement Type 541 to issue the sub components to the vendor T Code -ME2O/ MIGO
Goods Receipt for finished product – T Code -MIGO Note: During goods receipt, final product will be received with movement type 101 and components will be consumed automatically with 543 movement type
Invoice Receipt for the services performed – T Code – MIRO
Accounting entries for subcontracting:Example: Components cost is 100 INR, Subcontracting Charges are 40 INR
There will be no account entries at transfer posting 541.
Accounting entries at the time of Goods Receipt 101 (&543) : Finished goods will be received with 101 and the Components will be consumed with Movement type 543.
Here Dr means Debit (+Ve) and Cr means Credit (-Ve)
(BSX) Stock A/c of Assembly – 140 Dr
(BSV) Change in Subcontracting Stock -140 Cr
(FRL) Subcontracting Charges – 40 Dr
(WRX) GR/IR Clearing A/c – 40 Cr
(BSX) Stock A/c of Components – 100 Cr
(GBB-VBO) Consumption A/c of Components – 100 Dr
Accounting entries at the time of Invoice Receipt :