How to use FMCL_PO - FM Closing for Procurement

SAP Transaction Code - Details

• Transaction Code: FMCL_PO

  Description: FM Closing for Procurement

  Release: S/4HANA only

• • Program: RFFMCLOSING_PROCUREMENT

    Screen: 1000

    Authorization Object:

  • Development Package: FMBS_E

    Package Description: FIFM: Basis

    Parent Package: FUNDS_MANAGEMENT

  • Module/Component: PSM-FM

    Description: Funds Management

Smart SAP Assistant

• SAP Tcode: FMCL_PO - FM Closing for Procurement

  
  Overview: 
  FMCL_PO is an SAP transaction code used to close the financial year for procurement. It is used to close the open items in the purchasing documents and to update the asset values in the asset accounting. 
  
  Functionality: 
  FMCL_PO allows users to close the financial year for procurement. It is used to close open items in purchasing documents and to update asset values in asset accounting. The transaction code also allows users to check the open items in purchasing documents and to post the closing entries for the financial year. 
  
  Step-by-step How to Use: 
  1. Enter FMCL_PO into the SAP command field. 
  2. Select “Execute”. 
  3. Select “Close Open Items” from the menu. 
  4. Enter the fiscal year that you want to close and select “Execute”. 
  5. Select “Post Closing Entries” from the menu. 
  6. Enter the fiscal year that you want to close and select “Execute”. 
  7. Select “Update Asset Values” from the menu. 
  8. Enter the fiscal year that you want to close and select “Execute”. 
  9. Select “Check Open Items” from the menu. 
  10. Enter the fiscal year that you want to check and select “Execute”. 
  11. Review the results of your checks and make any necessary adjustments before closing out your fiscal year for procurement with FMCL_PO transaction code. 
  
  Other Recommendations: 
  It is recommended that users review all open items before closing out their fiscal year for procurement with FMCL_PO transaction code, as this will ensure that all open items are properly closed out and accounted for in your financial records. Additionally, it is important to ensure that all asset values are updated correctly before closing out your fiscal year for procurement with FMCL_PO transaction code, as this will ensure that all assets are properly accounted for in your financial records.