How to use FMY1 - Create Funds Precommitment

SAP Transaction Code - Details

• Transaction Code: FMY1

  Description: Create Funds Precommitment

  Release: S/4HANA and ECC 6

• • Program: SAPLFMFR

    Screen: 500

    Authorization Object:

  • Development Package: FMRE

    Package Description: Earmarked funds

    Parent Package: APPL

  • Module/Component: FI-FM

    Description: Funds Management

Smart SAP Assistant

• SAP Tcode: FMY1 - Create Funds Precommitment

  
  Overview:
  The SAP transaction code FMY1 is used to create funds precommitment in the Funds Management module of the SAP system. This transaction code allows users to create a precommitment for a specific fund, which can then be used to reserve funds for future use. 
  
  Functionality: 
  The FMY1 transaction code enables users to create a precommitment for a specific fund. This precommitment reserves funds for future use and can be used to ensure that the necessary funds are available when needed. The precommitment can also be used to track the amount of funds that have been reserved for a particular purpose. 
  
  Step-by-step How to Use: 
  To use the FMY1 transaction code, users must first enter the fund number and the amount of funds that they wish to reserve. Once this information has been entered, users can then select the “Create” button to create the precommitment. The system will then generate a confirmation message indicating that the precommitment has been created successfully. 
  
  Other Recommendations: 
  It is important to note that the FMY1 transaction code should only be used when creating a precommitment for a specific fund. It should not be used for any other purpose, such as creating a new fund or modifying an existing fund. Additionally, users should ensure that they have sufficient funds available in their account before creating a precommitment, as this will ensure that the necessary funds are available when needed.