How to use FMYC_CFCPAY - FM Closing Operations: Cmmt (PB)

FMYC_CFCPAY - Overview

• Transaction Code: FMYC_CFCPAY

  Description: FM Closing Operations: Cmmt (PB)

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: FMBS_ADDON

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

    Parent Package: FUNDS_MANAGEMENT

  • Module/Component: PSM-FM

    Description: Funds Management

FMYC_CFCPAY - Details

• SAP Tcode: FMYC_CFCPAY - FM Closing Operations: Cmmt (PB)

  
  Overview:
  FMYC_CFCPAY is a SAP transaction code used in the Financial Accounting (FI) module of SAP. It is used to close the fiscal year in Funds Management (FM) and to carry out the commitment postings for the current fiscal year. 
  
  Functionality: 
  This transaction code is used to close the fiscal year in Funds Management and to carry out the commitment postings for the current fiscal year. It also allows users to post the commitments from the current fiscal year to the next fiscal year. This transaction code is used to ensure that all commitments are posted correctly and that all funds are accounted for. 
  
  Step-by-step How to Use: 
  1. Enter FMYC_CFCPAY into the command field. 
  2. Select “Execute”. 
  3. Select “Post Commitments” from the menu. 
  4. Enter the current fiscal year and select “Execute”. 
  5. Select “Post Commitments” again from the menu. 
  6. Enter the next fiscal year and select “Execute”. 
  7. Select “Close Fiscal Year” from the menu and enter the current fiscal year again. 
  8. Select “Execute” and confirm that you want to close the fiscal year by selecting “Yes”. 
  9. The system will then post all commitments from the current fiscal year to the next one and close the current fiscal year in Funds Management. 
  
  Other Recommendations: 
  It is important to ensure that all commitments are posted correctly before closing a fiscal year