How to use FMFG_ACC_CLOSEOUT - Closeout of the Residual Accounts

SAP Transaction Code - Details

• Transaction Code: FMFG_ACC_CLOSEOUT

  Description: Closeout of the Residual Accounts

  Release: S/4HANA and ECC 6

• • Program: RFFMYRCL

    Screen: 1000

    Authorization Object:

  • Development Package: FMFG_E

    Package Description: US Federal Government budgetary ledger account derivation

    Parent Package: FUNDS_MANAGEMENT

  • Module/Component: PSM-FM

    Description: Funds Management

Smart SAP Assistant

• SAP Tcode: FMFG_ACC_CLOSEOUT - Closeout of the Residual Accounts

  
  Overview:
  FMFG_ACC_CLOSEOUT is a SAP transaction code used to close out the residual accounts in the Financial Accounting (FI) module. This transaction code is used to ensure that all accounts are closed out and that all financial transactions are properly accounted for. 
  
  Functionality:
  FMFG_ACC_CLOSEOUT allows users to close out the residual accounts in the FI module. This transaction code is used to ensure that all accounts are closed out and that all financial transactions are properly accounted for. It also allows users to view the closing balance of each account and to check for any discrepancies in the closing balance. 
  
  Step-by-step How to Use:
  1. Enter the FMFG_ACC_CLOSEOUT transaction code in the SAP system. 
  2. Select the company code for which you want to close out the residual accounts. 
  3. Select the fiscal year for which you want to close out the residual accounts. 
  4. Select the account type for which you want to close out the residual accounts. 
  5. Enter the closing balance of each account and check for any discrepancies in the closing balance. 
  6. Confirm and save your changes. 
  
  Other Recommendations:
  It is recommended that users review all closing balances before confirming and saving their changes in order to ensure accuracy and completeness of their financial records. Additionally, users should also review any discrepancies in the closing balances before confirming and saving their changes in order to ensure accuracy and completeness of their financial records.