How to use FMFG_YEAR_END_CLOSE - Year End close open balance

SAP Transaction Code - Details

• Transaction Code: FMFG_YEAR_END_CLOSE

  Description: Year End close open balance

  Release: S/4HANA and ECC 6

• • Program: RFFMFG_BL_YRCL

    Screen: 1000

    Authorization Object:

  • Development Package: FMFG_BLEXT_E

    Package Description: US Federal Government Extention of the Budgetary Ledger

    Parent Package: FUNDS_MANAGEMENT

  • Module/Component: PSM-FG

    Description: Functions for U.S. Federal Government

Smart SAP Assistant

• SAP Tcode: FMFG_YEAR_END_CLOSE - Year End close open balance

  
  Overview:
  The SAP transaction code FMFG_YEAR_END_CLOSE is used to close the open balance of a fiscal year in the SAP system. This transaction code is used to ensure that all financial data is accurately recorded and reported. 
  
  Functionality:
  This transaction code allows users to close the open balance of a fiscal year in the SAP system. It ensures that all financial data is accurately recorded and reported. The transaction code also allows users to view the open balance of a fiscal year, as well as any changes that have been made to it. 
  
  Step-by-step How to Use:
  1. Enter the transaction code FMFG_YEAR_END_CLOSE into the command field. 
  2. Select the fiscal year you wish to close the open balance for. 
  3. Select “Close Open Balance” from the menu. 
  4. Confirm that you wish to close the open balance for the selected fiscal year. 
  5. The open balance will be closed and all financial data will be accurately recorded and reported. 
  
  Other Recommendations:
  It is important to ensure that all financial data is accurately recorded and reported before closing the open balance of a fiscal year in the SAP system. It is also recommended that users review any changes that have been made to the open balance before closing it, as this will ensure accuracy and prevent any potential errors or discrepancies in reporting.