How to use FWPA - Period-end closing

SAP Transaction Code - Details

• Transaction Code: FWPA

  Description: Period-end closing

  Release: S/4HANA and ECC 6

• • Program: RFVWPAB2

    Screen: 1000

    Authorization Object: FW_MAS_BUK

  • Development Package: FVVW

    Package Description: Treasury Management: Securities

    Parent Package: FS_TRM

  • Module/Component: FIN-FSCM-TRM-TM

    Description: Transaction Manager

Smart SAP Assistant

• SAP Tcode: FWPA - Period-end closing

  
  Overview:
  The SAP transaction code FWPA is used to perform period-end closing in the SAP system. This transaction code is used to close the current period and open the next period for posting. It is important to note that this transaction code should only be used after all other transactions have been posted for the current period. 
  
  Functionality:
  The FWPA transaction code is used to close the current period and open the next period for posting. It also updates the system date and sets the new fiscal year. This transaction code also allows users to check the status of the current period and view any open items that need to be cleared before closing. 
  
  Step-by-step How to Use:
  1. Enter the transaction code FWPA in the command field. 
  2. Select “Period-end Closing” from the list of options. 
  3. Enter the current fiscal year and period in the appropriate fields. 
  4. Select “Execute” to begin the closing process. 
  5. Review any open items that need to be cleared before closing. 
  6. Select “Close Period” to close the current period and open the next period for posting. 
  7. Select “Save” to save your changes and exit the transaction code. 
  
  Other Recommendations:
  It is important to note that this transaction code should only be used after all other transactions have been posted for the current period. Additionally, it is recommended that users review any open items before closing a period, as this will ensure that all transactions are properly accounted for in the system.