How to use FMCCOVR - FM Obligation Closeout

SAP Transaction Code - Details

• Transaction Code: FMCCOVR

  Description: FM Obligation Closeout

  Release: S/4HANA and ECC 6

• • Program: RFFMCCOVR

    Screen: 1000

    Authorization Object:

  • Development Package: FMBS_ADDON

    Package Description: FIFM: Basis (Add-On Objects)

    Parent Package: FUNDS_MANAGEMENT

  • Module/Component: PSM-FM

    Description: Funds Management

Smart SAP Assistant

• SAP Tcode: FMCCOVR - FM Obligation Closeout

  
  Overview: 
  FMCCOVR is an SAP transaction code used to close out financial obligations in the Funds Management (FM) module. It is used to ensure that all open obligations are closed and accounted for in the system. 
  
  Functionality: 
  FMCCOVR allows users to close out open obligations in the FM module. This includes obligations that have been created through manual postings, as well as those created through automatic postings. The transaction code also allows users to view and edit existing obligations, as well as create new ones. 
  
  Step-by-step How to Use: 
  1. Enter the FMCCOVR transaction code into the SAP system. 
  2. Select the “Close Out Obligations” option from the menu. 
  3. Select the obligation you wish to close out from the list of open obligations. 
  4. Enter any additional information required for closing out the obligation, such as a reference number or a comment. 
  5. Click “Save” to close out the obligation. 
  
  Other Recommendations: 
  It is important to ensure that all open obligations are closed out before closing out a financial period in order to ensure accurate accounting records. Additionally, it is recommended that users review all open obligations before closing them out to ensure that they are valid and up-to-date.