How to use FON3 - Execute full acct settlement: HC

SAP Transaction Code - Details

• Transaction Code: FON3

  Description: Execute full acct settlement: HC

  Release: S/4HANA and ECC 6

• • Program: RFVINKAS

    Screen: 1000

    Authorization Object: FI_HKA_BUK

  • 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: FON3 - Execute full acct settlement: HC

  
  Overview:
  The SAP transaction code FON3 is used to execute a full account settlement for a customer or vendor. This transaction code is used to settle open items in the accounts receivable and accounts payable accounts. It can also be used to settle open items in the general ledger. 
  
  Functionality: 
  The FON3 transaction code allows users to settle open items in the accounts receivable and accounts payable accounts. It can also be used to settle open items in the general ledger. The settlement process involves the transfer of open items from one account to another, and the clearing of the open items from the source account. The settlement process can be done manually or automatically, depending on the user's preference. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code FON3 in the command field. 
  2. Select the type of settlement you want to perform (e.g., customer or vendor). 
  3. Enter the customer or vendor number for which you want to perform a full account settlement. 
  4. Select the type of settlement you want to perform (e.g., manual or automatic). 
  5. Enter the date range for which you want to perform a full account settlement. 
  6. Select the type of documents you want to include in the settlement process (e.g., invoices, credit memos, etc.). 
  7. Select the type of documents you want to exclude from the settlement process (e.g., invoices, credit memos, etc.). 
  8. Select whether you want to include open items in other currencies in the settlement process or not. 
  9. Execute the full account settlement by clicking on “Execute” button at the bottom of the screen. 
  10. Review and confirm all details before executing the full account settlement process by clicking on “Confirm” button at the bottom of the screen. 
  11. The system will display a confirmation message once the full account settlement is completed successfully. 
  
  Other Recommendations: 
  It is recommended that users should always review and confirm all details before executing a full account settlement process using SAP transaction code FON3, as any errors made during this process can have serious consequences for both customers and vendors involved in it. Additionally, users should ensure that all documents included in this process are up-to-date and accurate before executing it, as any discrepancies can lead to incorrect settlements being made between customers and vendors involved in it.