How to use GMCA_PLC_B - Close P&L: Balance Based

SAP Transaction Code - Details

• Transaction Code: GMCA_PLC_B

  Description: Close P&L: Balance Based

  Release: S/4HANA and ECC 6

  Menu Path:

  • Accounting > Financial Accounting > General Ledger > Periodic Processing > Multi Currency Accounting > Periodic Processing > General Ledger Processing > Reclassify Foreign Currencies > Reclassify Foreign Currencies (Balance-Based)
  • Accounting > Bank Applications > Enhancements for Accounting > Multi Currency Accounting > Periodic Processing > General Ledger Processing > Reclassify Foreign Currencies > Reclassify Foreign Currencies (Balance-Based)

• • Program: GLE_MCA_RPL_PP

    Screen: 1000

    Authorization Object:

  • Development Package: FAGL_MCA_AL_PL

    Package Description: FI: MCA P&L Processing

    Parent Package: FAGL_MCA_AL_PL_MAIN

  • Module/Component: FI-GL-CU-MCA

    Description: Multi Currency Accounting

Smart SAP Assistant

• SAP Tcode: GMCA_PLC_B - Close P&L: Balance Based

  
  Overview: 
  GMCA_PLC_B is a SAP transaction code used to close the Profit and Loss (P&L) account based on the balance. It is used to close the P&L account for a specific period and transfer the balance to the retained earnings account. 
  
  Functionality: 
  This transaction code is used to close the P&L account for a specific period. It allows users to transfer the balance of the P&L account to the retained earnings account. This ensures that all profits and losses are accounted for in the correct period. 
  
  Step-by-step How to Use: 
  1. Enter GMCA_PLC_B in the SAP command field. 
  2. Select the company code and fiscal year for which you want to close the P&L account. 
  3. Enter the closing date for the P&L account. 
  4. Enter the retained earnings account number in which you want to transfer the balance of the P&L account. 
  5. Click “Execute” to close the P&L account and transfer its balance to the retained earnings account. 
  
  Other Recommendations: 
  It is recommended that users check their entries before executing this transaction code, as any errors can lead to incorrect postings in the financial statements. Additionally, users should ensure that all other related accounts are closed before executing this transaction code, as it will not be possible to make any changes once it has been executed.