How to use FO1F - Owner Account Settlement Reversal

SAP Transaction Code - Details

• Transaction Code: FO1F

  Description: Owner Account Settlement Reversal

  Release: S/4HANA and ECC 6

• • Program: RFVIEA01

    Screen: 0

    Authorization Object:

  • Development Package: FVVI

    Package Description: R/3 appl.dev. for Financial Assets Management: Real estate

    Parent Package: APPL

  • Module/Component: RE

    Description: Real Estate Management

Smart SAP Assistant

• SAP Tcode: FO1F - Owner Account Settlement Reversal

  
  Overview:
  The SAP transaction code FO1F is used to reverse the settlement of an owner account. This transaction code is used to reverse the settlement of an owner account that has been settled in a previous period. 
  
  Functionality: 
  The FO1F transaction code allows users to reverse the settlement of an owner account that has been settled in a previous period. This transaction code is used to reset the owner account to its original state before the settlement was made. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code FO1F in the command field. 
  2. Enter the owner account number in the Owner Account field. 
  3. Enter the date of the settlement in the Settlement Date field. 
  4. Click on Execute to reverse the settlement of the owner account. 
  5. Confirm that the reversal was successful by checking the status of the owner account. 
  
  Other Recommendations: 
  It is important to note that this transaction code should only be used when absolutely necessary, as it can have a significant impact on financial reporting and other related processes. Additionally, it is recommended that users consult with their financial team before using this transaction code, as they may have additional recommendations or requirements for its use.