SAP S4HANA: Period End Closing: Financial Closing Cockpit (FCLOC)

How to organize and execute period end closing activities in SAP?
We can use the SAP Financial Closing Cockpit, check the video for more details on this tool with a system demo on S4HANA 1909
Looking forward to your comments here and on LinkedIn
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[@misogrmaw8799]

Thank you! Very useful and extremely pleasant to follow the explanation

[@AbdullahGalal]

You are welcome! thank you :)

[@cypressthrob]

Thanks a lot from Spain.

[@irishkaleshik4603]

Thanks, Abdullah! Very useful, easy to follow, and understandable. It is saved me and my time :)

[@AbdullahGalal]

You're welcome! glad it helped

[@satishprabhu119]

Thanks AG for explaining this in such a simple language . God bless you

[@AbdullahGalal]

Glad it was helpful!

[@mariazabiega8293]

Thank you for sharing your knowledge, Abdullah! I appreciate it.

[@AbdullahGalal]

My pleasure Maria

[@hanyrefaatabdulrazekibrahi6293]

Thanks, Abdullah! Very useful, easy to follow, and understandable.

[@AbdullahGalal]

Very welcome Hany

[@kamleshjadav3285]

Thanks..Good to see u back..

[@AbdullahGalal]

More to come! thank you Kamlesh

[@shreekarvaidya9511]

Thanks AG. Very detailed and easy explanation as always. Best Regards

[@AbdullahGalal]

My pleasure!, thank you Shreekar

[@SingaiSivas]

Hi Abdullah, Thank you for a valuable inputs on period end closing. I might return back with questions, later. Thanks a lot.

[@MohammadAli-mr6iv]

I was looking for this monthly or yearly closing game, I learned it, need practice. Thanks you very much. Jazakum Allah Khair.

[@AbdullahGalal]

You are welcome Mohammed

[@flavioaquino5556]

Thanks for FCC explanation! Very useful!

[@AbdullahGalal]

You're welcome!

[@muhammadnaimbinnazri1371]

Thank you for the clear explanation. It is very helpful.

[@AbdullahGalal]

You're welcome!

[@khebache.med-amine3335]

Thanks, Abdulla It's very helpful and well explained

[@AbdullahGalal]

Glad it helped

[@ramakrishnaampe5421]

I have subscribed yesterday. Really very useful and Thanks AG for explaining this in such a simple language

[@AbdullahGalal]

Welcome to the channel :)

[@TormodLie]

Thanks Abdullah! Your presentaation is clear and to the point. You are a very good presenter and the content is solid!

[@AbdullahGalal]

Thanks a lot Tormod :)

[@giri9934]

Wow. This was very useful. Everything was explained in a clear and simple manner. Thanks and appreciate your effort. Also keep such useful videos coming.

[@AbdullahGalal]

Glad it was helpful!

[@the_usta_48]

Thanks a lot for the effort Abdullah, very nice and clear video on FCC.

[@AbdullahGalal]

My pleasure Mehmet

[@mustafaalpevliya4963]

Very useful, easy to follow, and understand, I will recommend to my colleagues, thanks, Abdullah!

[@AbdullahGalal]

You are most welcome

[@amitgokhale86]

Hi Abdullah loads of thanks for sharing such a valuable information at free of cost . Hats off to your deep knowledge. Its just I could learn so many things referring your videos over last month including product costing which could have costed me thousands of rupees. Thank you very much. Please keep on posting such amazing videos. The best part of videos are that they are short and to the point. Even 15 min videos of yours adds to loads of knowledge. Thanks

[@AbdullahGalal]

Thanks a lot Amit, very encouraging. I'll do my best!

[@moazzamca1]

Very well explained. Thanks Abdullah!

[@AbdullahGalal]

My pleasure

[@shiviyer8352]

Thanks Abdullah, you have explained it very well. Good Job !!

[@AbdullahGalal]

My pleasure

[@carolineonsongo6594]

Excellent Presentation.Please update more videos.Thanks all the way from Kenya.

[@AbdullahGalal]

Greetings to everyone in Kenya, hope you're all safe. Thank you, will do my best

[@ramm2498]

Perfect Explanation!!! very useful for freshers.. Appreciate your effort. Thanks a Lot!

[@AbdullahGalal]

Most welcome!

[@SuperAlienz]

Thanks Abdullah! Your presentaation is really useful and precisely constructed.

[@AbdullahGalal]

Glad it was helpful! 😁

[@RafiAhmed-nv4pu]

Good day Abdullah, hope you are doing great. First of all thanks a lot for the great informative video it has also provided with a very good idea about how we can use SAP provided tools. Jazak Allah Khair

[@AbdullahGalal]

My pleasure!

[@yingzhu3104]

Thank you very much Abdullah! Very helpful session.

[@AbdullahGalal]

You are welcome!

[@zulfikarshaikh7571]

This is the best video on Closing cockpit

[@AbdullahGalal]

Thank you!

[@JK-nd6kn]

FCLOCO explained very well . Keep it Up Abdullah !!

[@AbdullahGalal]

Thank you, will do my best!

[@krishnam4809]

Your explanation is nice, please do more videos , it will help to us.thank you bro

[@AbdullahGalal]

Thank you, I will

[@hebaismail3968]

Very well organized and informative demo, keep it on, & thanks a lot :)

[@AbdullahGalal]

Welcome Heba! Subscribe for more 😉

[@owmrt]

Great and very useful ya Abdullah, keep going

[@AbdullahGalal]

Thank you, I will

[@elsayedateya7681]

Thanks Abdullah for that Keep going

[@AbdullahGalal]

Always welcome, will do my best

[@subbarayudu1310]

The way you are explained is very easy to understand for every one , good job

[@AbdullahGalal]

Glad to hear that, thank you Subba

[@RaviKumar-mk4fz]

Hello Abdullah - it was very useful - learned much things as required for me - Thanks a lot!! Expecting couple of videos related to IDOCS- APP & BRS, Migration etc....

[@AbdullahGalal]

Thank you Ravi

[@shrikanthiyer1]

Excellent way of explaining how to use the Closing Cockpit. Some of the tips towards the end of this video were really useful, for e.g., even if a client doesnt use this, they can always refer to the template to ensure they are not missing any closing related tasks....Very Useful Video....thanks Abdullah

[@AbdullahGalal]

You are welcome Shrikanth, I always add some extra tips at the end as a reward for those who continue watching 😉

[@Proactive9002]

بارك الله فيك وبعلمك,,, ما شاء الله الشرح جدا واضح وغني بالمعلومات,, بالتوفيق

[@AbdullahGalal]

جزاك الله خير أحمد صوتك رائع ما شاء الله، الله يوفقك

[@Proactive9002]

@@AbdullahGalal 🙂 الله يبارك فيك اخي عبد الله

[@oussamamaaroufi8308]

Excellent, keep going!

[@AbdullahGalal]

Thanks, will do!

[@dhanasekar298]

Well explained. Thank you

[@AbdullahGalal]

Glad it was helpful!

[@ElsaAndAnnie]

Excellent video and informative; thanks

[@AbdullahGalal]

Glad it was helpful!

[@abdelazizelrefay6493]

Excellent ..Keep going

[@AbdullahGalal]

I will try my best!

[@ganesanb8550]

Very very nice explanation

[@AbdullahGalal]

Thanks and welcome

[@sarfaraznawazsaps4hanacons528]

Super Explanation

[@AbdullahGalal]

Glad you liked it

[@eddie62ma]

Very well explained Abdullah! Thank you 2 suggestions to move forward with next videos: - demo the fcc reporting capabilities in Fiori through the activation of Smart business for financial close - maybe a headsuo on the futur of fcc, as it is being replaced by AFC ( Advanced Closing Cockpit) in the cloud Thanks again, will be happy to exchange with you if any further questions

[@AbdullahGalal]

Thanks for the tips! will get in touch through LinkedIn if I have any questions

[@teo88888able]

GRATEFUL TO YOU FOR SHARING

[@AbdullahGalal]

Welcome

[@ashishshukla6573]

Keep up the good work Basha!

[@AbdullahGalal]

Thank you, I will do my best

[@mohammadyousef1604]

Thanks for sharing

[@AbdullahGalal]

My pleasure

[@awambowe1830]

very useful . thanks

[@AbdullahGalal]

You are welcome

[@muzammilkhan7576]

Nice Work.

[@AbdullahGalal]

Thank you Muzammil

[@suzanabrandao1224]

thanks, very useful!

[@AbdullahGalal]

You're welcome!

[@alexandredelcommune5316]

excellent, thanks

[@AbdullahGalal]

You are welcome!

[@apnaadda680]

Thanks Sir.

[@AbdullahGalal]

Most welcome

[@ahmedomar8286]

Hi Mr Abdullah it's amazing to see you back I hope you are well .. Mr Abdullah I just like if you can make some videos of the process of accounting as an end user for example how to make the transaction from the invoice and calculate the VAT on invoices and after that if I like to make a report on any account how to get it and finally how I get the financial statements from SAP , I hope you would find time and effort to make that as so many need this as an end user on sap Accounting , thanks in advance rabena yagaziek khaier

[@AbdullahGalal]

Hi Ahmed I'm doing one video everyweek and I already covered most of these topics: > Posting a supplier invoice with VAT > Generating Financial statements > Closing entries and many others, please check the videos

[@mohammedshakirshaikh3854]

Abdullah Brother. Alhumdulillah Very Precise and Clear Explanation.. JAZAKALLAH WA KHAIR Brother. Keep it Up

[@marielexx]

THANKS!!!!

[@AbdullahGalal]

You're welcome!

[@omeshsharma2307]

This was just Brilliant AG. actually I got a chance to work on closing cockpit and was not aware of it so had a lot problems, if this would have been there then this might have helped me lot. Also if you can include Asset Dep run in it and can show us how this executed would be of great help. Lastly we saw in the video Clander column, I think you missed the details of it required here, please if you can add the purpose of this as well - Many thanks

[@AbdullahGalal]

Hi Omesh, the closing cockpit is covered in a PDF of 220 pages in SAP academy, impossible to cover in videos :) It has soo much more to offer, the video only covers the introduction

[@omeshsharma2307]

@@AbdullahGalal Thanks for your response AG, even this video is very useful so once again thanks for that. I was following steps as shown by you in your video and I got stuck in "Create Periodic Task List" I created the task list but when opening it in "FCLOCO" tcode it is available in list but not getting open for execution, can you please suggest

[@madandeshpande3961]

EXCELLENT

[@AbdullahGalal]

Thank you! Cheers!

[@masumahmad679]

Nice!

[@AbdullahGalal]

Thank you! Cheers!

[@rhyme6300]

Thank you very much Abdullah! I was just looking for what need to be done during month end close and found your video of this very useful tool built in SAP. Would you make another video of the most commonly used closing tasks and what they mean?

[@AbdullahGalal]

I'm considering making a playlist

[@rhyme6300]

@@AbdullahGalal That would be great! Also do you have video available to give adivce to people at entry level of SAP FICO or want to study FICO module, especially what kind of accounting or finance knowledge is required as the fundamental knowledge to start, career path, etc.

[@deepakkaushik6611]

Hi Abdullah, First thanks a lot for your valuable videos.. i have watched most of topics and really its very helpful and enhance my knowledge deeply.. I have 7 years of experience in FICO support unfortunately i didn't have chance to work on E2E implementation project from beginning to end so could you please upload such videos where we can get a deep understanding of a New Project with SAP Methodology including RICEFW understanding and DATA MIGRATION from non-sap to SAP System. It would be great help for me if you will upload such videos.. Once again thanks a lot for your support..

[@AbdullahGalal]

Will do my best, keep following

[@MrHuangjia]

good!!!

[@AbdullahGalal]

Thanks!!

[@nischalreddy7059]

Hi Abdullah , This video was like guide for me to understand the FCc process. Thank you very much . One doubt , can we modify the functionality of setting offset and duration based on business hours. right now it is 24 hours timeline.

[@Samsammy302]

Thanks Abdullah, great video. Will the status of task changes automatically after executing the task or changing the task status manually is the only option?

[@NicknameFelicity]

Hi Abdullah, first of all thank you very much! Can you please explain me how to remove the task number from the closing structure on the left? In my structure I have ID task number and then the task "description", I just want to have the description without task number.

[@KatiaRivas-qq8fq]

Dear Abdullah, thanks for the great content! I am trying to find if you have anything on electronic bank statement process/demo. Are you planning on doing it anytime soon? THANKS as always!

[@AbdullahGalal]

I don't have it yet, but will do soon hopefully

[@piusaha3923]

Thanks Abdullah... It was a very elaborative demo of the FCC functionality in S4. I had some questions. 1. Could you please clarify if task lists for month-end closing needs to be created for every month? Or its just defined for one month and for the subsequent months the task list is automatically created? 2. What happens in case of an exception or error handling?

[@AbdullahGalal]

Hi Piu, My information on FCC is basic, but I will answer as much as I know For the task list, yes I create them every month In case of error or exceptions the step can be marked as not processed or not passed, FCC is only a tracking tool

[@TheHerodbs]

Hi Abdullah! Thank you for the video, it was really enlightening. I do have one question though. Our key date is the last Friday of the month and usually when we have planned offset days +1 for some tasks, they are shown in the FCLOCO on Monday. However some tasks that have +1 are shown on Saturday (a non-working day). So my question is how does the cockpit define when +1 is next working day, i.e. Monday, and when +1 is the next calendar day, i.e. Saturday? Is there an easy way to configure this task by task? Thanks!

[@adamvitai]

I am facing the same issue now. Was this answered?

[@shyamso742]

This was very helpful. I do have some queries as below. 1. Do they have a provision to upload any supporting documents when the task is marked as complete ? If yes, what type of documents ? 2. If the customer is having multiple instance of SAP, then close cockpit needs to be deployed in each instance or it is integrated with all instances ? 3. Do they have Audit trail ? If yes, please elaborate. 4. Any details regarding license concept for close cockpit ? Thanks in advance if you could share some insights on above mentioned points.

[@AbdullahGalal]

Hi Shyam, I replied to you on LinkedIn

[@khames7891011]

Very useful thanks very much and please keep continue .Just question I understood now I should to create task list for every month so it's big effort not have any tools to copy template and adjust regard to each month to facility generate task list ?

[@AbdullahGalal]

I'm not sure if a tool is available for this

[@PaulVanBelle-kc7ut]

Very well explained! But I have a question about Fiori: in the task types you can use transactions or programs, but is it also possible to add apps? Our customer wants to use apps only...

[@JafarAbitalib-yb7vr]

Choose "Web" and provide the Fiori app link.

[@aminaoudjit980]

Hey Abdullah Thank you so much, it helps a lot. Can you share with as more knowloge about SAP Financial Closing and Cockpit ? have you some other materials ?

[@AbdullahGalal]

Hi Amina, I don't have anything else currently, will see what I can do

[@aminaoudjit980]

@@AbdullahGalal thank you so much for your reply

[@saibabu8339]

rear content you have presented but screen is not visible as much, Thank you very much for vedio and the valuable information you shared

[@AbdullahGalal]

Screen is very visible! be sure to increase the video quality setting on KZbin if you have good connection

[@Prishac2011]

Thanks for the video. Just wanted to know on how can I add the workflow capability to the Closing Cockpit? In a big organization, there might be 50+ users performing closing tasks and how I can effectively inform them on when their task is due? Would assume that possibly a message in myinbox might help !! Any thoughts here ??

[@sebastianhafele8208]

Dear Abdullah, thank you very much for this video. It's very helpful! But I have one question. Are the transactions FCLOCO, FCLOCOC, ... part of the basic software? I don´t understand the difference between these transactions and the Add-On SAP Financial Closing Cockpit 2.0.. Can you help me?

[@AbdullahGalal]

They are a standard part in SAP S4HANA as far as I know, never investigated this topic before

[@JPMillones]

Thanks a lot. Its very helpfull. just 1 question, i see you can assign different users for the different tasks, how they know its his turn to excecute his task? is there some way to send them an email or something like that? Thanks again, im from Peru.

[@AbdullahGalal]

Hi Jean, greeting to Peru :) The closing cockpit can notify the users, check this link archive.sap.com/kmuuid2/d0e23ae7-f394-2e10-a6a7-9cd5ec65254f/FI%20-%20Auto%20Email%20Notification%20for%20Closing%20Cockpit.pdf

[@docluling1504]

Dear Abdullah, Thank you for the demo. What's the difference between "Create Periodic Task List" and "Create Multiple Task Lists" ? Have a nice day

[@AbdullahGalal]

Multiple will create many task lists at the same time, try it!

[@michaelron343]

Thanks Abdullah for this, I am working for a dairy cooperative that currently has a long month end processs. Do you have a list of activities or processes in s/4 hana for closing inculuding sales accounting jobs needed for close or production related close activites?

[@AbdullahGalal]

Check this www.linkedin.com/posts/galal_accounting-and-financial-close-activities-activity-7077189195273785344-O6dK?

[@imusman2418]

Hi Abdullah - How to add task notes or review ? How it’s work when we do import/ transport to another clients ?

[@murali3767]

Really useful session , please let me know how I can get your all videos your complete training sessions of s/4hana finance and what is the fee

[@AbdullahGalal]

Hi Murali, I'm still working on my full course, will announce it when done

[@muhammedmuzzamil3242]

Full course video

[@shaifaligupta3812]

Hi, Just want to know whether everytime a person has to release the task lists for every month or it will be automatic?

[@AbdullahGalal]

Not sure, maybe there's a way to create and release task lists in mass

[@zarinaz7554]

I think I either did not understood or missed the part re factory calendar. If you could suggest where to check that.

[@mohammedalyafaei3510]

Mr. Abdulla Thanks, and have to ask how we can get access server for practice.

[@AbdullahGalal]

kzbin.info/www/bejne/fHrTmqSpZpV5q8k

[@shaheerkhan4050]

Hi Abdullah, How can we assign the company code to closing cockpit. E.g: If we have multiple company codes, how can we segregate cockpit for company codes. Do we need to create multiple templates and task lists?

[@juanaulia]

Hey good tips, but if my sap doesn’t have “SAP S/4HANA financial closing cockpit” what should i do? Can i add that function?

[@jakubdziedzic3036]

Dear Abdullah, any chance for video about flow definiton task type utilization ?

[@AbdullahGalal]

Nice one! I've no experience with this, just checked the help page help.sap.com/docs/SAP_FINANCIAL_CLOSING_COCKPIT_ADD-ON/815d17dbf80e447282bd55cf45a93ba8/b5f88508243945c9be3e70e6c8c8f30f.html?locale=en-US Will see if I can do something

[@shyamso742]

SAP S/4HANA - Cloud for Advanced Financial Closing. Can you share some details on this ?

[@bharathchellappa6256]

Hi,Can we assign fiori app for particular task list ? if yes what would be the option to choose against task type

[@lovert757]

Hi Abdullah What’s the sequence of SAP FICO closing activities. Which activities are done first or last?

[@AbdullahGalal]

You can check the SAP Best practice document for this rapid.sap.com/bp/#/scopeitems/J58

[@zarchekyaw254]

I would like to understand for material ledger closing CKMLCP. Please help to create video for this one as well. Thank you.

[@AbdullahGalal]

Planned

[@traceynies9374]

I am looking at the cockpit and I don't see any templates for funds management transactions. Only FI and CO. Can the cockpit be used for FM transactions such as commitment, Budget and fund balance carryforwards at year end?

[@AbdullahGalal]

I never used FM myself so not sure

[@Jagapathivlogs]

Hi Abdul can you do video for predictive accounting

[@AbdullahGalal]

Already done with a full demo in the profitability analysis playlist

[@cmskumar67]

dear Abdullah, whether SCMA and financial closing cockpit are same?

[@AbdullahGalal]

Hi Sathish, I haven't used SCMA but I know it's scheduling manager and can be used to schedule anything so maybe you can use it to do a similar function, but I'm sure it won't be like FCLOC as it's mad specifically for finance

[@cmskumar67]

@@AbdullahGalal Thank you very much.

[@alaeeddinesamhi405]

Could you please continue explication of the product costing process?

[@AbdullahGalal]

It takes a lot of work! and a lot of preparation I want to continue, hopefully will be able to push myself to do it soon :)

[@alaeeddinesamhi405]

@@AbdullahGalal Many Thanks for your response, and for all videos you share with us, I like the way you explain and you traite subjects.

[@ironconsulting6685]

Hi Abdullah, how are you? Do you have an step by step to configure the FCC on SAP Fiori please, if you have can you share with me please?

[@AbdullahGalal]

Hi Iron, I personally used this blog, and I find it sufficient blogs.sap.com/2014/09/25/closing-cockpit/

[@rahulkanekar4543]

In closing cockpit how will get the user ID wise Task list ?

[@arslanthemughals]

Boss, I have a request Can you assist to make a detail video on how to prepare monthly/annual P&L from F.01 and how to get GL data profit center wise, I want to learn this thing.

[@AbdullahGalal]

Sure! it's very easy to do. Will do my best

[@arslanthemughals]

@@AbdullahGalal I will wait for this, requesting to kindly prioritize it ❤️🙏

[@traceynies9374]

Hi! This was very informative. When you put the person responsible or user for a step, will that limit who can execute that task? If someone tries to execute another person's step will they run into authorization errors either due to their roles or through the cockpit itself?

[@AbdullahGalal]

Hi Tracey, I don't think so, the authorization is managed by the user profile and authorization roles assigned, closing cockpit have no impact on this.

[@adityavg]

Hello, As far as the steps are concerned 1.Create a templete 2.Create Tasklist the is it creating task or creating dependencies can someone please clarify? thanks in advance

[@hemu4716]

I would like to fetch the Cumulative Inventory prices of Multiple material at a time is it possible

[@moustafamahmoud1461]

openned documents such as (sales order- purchase order) when we up to new Financial year how to overcome this problem?

[@AbdullahGalal]

Sorry I don't understand the question

[@ammarahmad2515]

How we can enter Company Code or Controlling Area ?

[@skfantasticworld2952]

Is it required to create Task list for every month?

[@AbdullahGalal]

You can only execute the task lists, so anytime you want to execute you've to create a task list

[@skfantasticworld2952]

So for. month end activites I required 12 templates....even if task list going to remain same? Each year required to maintain 12 templates