Period End Closing on SAP B1

There are 2 types of Period End Closing on SAP B1: Monthly Closing and Year End Closing. Montly Closing Year End Closing IMPORTANT: Please backup your current database first, before you doing this steps for Period End Closing and Fiscal Year Changes. Also read: Closing The Period From Any Transactions Automatic Closing Period SAP Business One Form Types Open the Exhange Rate Differences on Financials menu. Now, we’ll explain further about Concept of Exchange Rate Difference Vs Concept of Conversion Difference (using an example from A/P Invoice journal). Open Conversion Differences on Financial Menu. You need to prepare few accounts, such