How to use FAGL_EHP4_T001B_COFI - Open and Close Posting Periods

SAP Transaction Code - Details

• Transaction Code: FAGL_EHP4_T001B_COFI

  Description: Open and Close Posting Periods

  Release: S/4HANA and ECC 6

  Menu Path:

  • Accounting > Financial Accounting > General Ledger > Environment > Current Settings > Open and Close Posting Periods
  • Accounting > Financial Accounting > Accounts Receivable > Environment > Current Settings > Open and Close Posting Periods
  • Accounting > Financial Accounting > Accounts Payable > Environment > Current Settings > Open and Close Posting Periods

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: FAGL_EHP4_SFWC_RS

    Package Description: Enhancements to General Ledger Accounting

    Parent Package: FINA_GL

  • Module/Component: FI-GL

    Description: General Ledger Accounting

Smart SAP Assistant

• SAP Tcode: FAGL_EHP4_T001B_COFI - Open and Close Posting Periods

  
  Overview: 
  The SAP transaction code FAGL_EHP4_T001B_COFI is used to open and close posting periods in the SAP system. This transaction code is part of the Financial Accounting (FI) module and is used to manage the financial accounting processes within the system. 
  
  Functionality: 
  The FAGL_EHP4_T001B_COFI transaction code allows users to open and close posting periods in the SAP system. This is done by setting up a posting period variant, which defines the start and end dates of the posting period. The transaction code also allows users to view the current status of the posting period, as well as any changes that have been made to it. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code FAGL_EHP4_T001B_COFI into the command field. 
  2. Select the “Posting Period Variant” tab. 
  3. Select the “Create” button to create a new posting period variant. 
  4. Enter a name for the variant and select “Save”. 
  5. Select the “Open/Close Posting Periods” tab. 
  6. Select the “Open” or “Close” button to open or close a posting period, respectively. 
  7. Select “Save” to save your changes. 
  8. Select “Back” to return to the main screen of the transaction code. 
  
  Other Recommendations: 
  It is important to note that when opening or closing a posting period, all documents that are posted within that period will be affected by this change. Therefore, it is recommended that users take caution when using this transaction code and ensure that all necessary documents have been posted before making any changes to the posting period variant.