How to use OFZC - Cash Holding Years

SAP Transaction Code - Details

• Transaction Code: OFZC

  Description: Cash Holding Years

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: FMFS

    Package Description: Updating Funds Management

    Parent Package: FUNDS_MANAGEMENT

  • Module/Component: PSM-FM

    Description: Funds Management

Smart SAP Assistant

• SAP Tcode: OFZC - Cash Holding Years

  
  Overview:
  The SAP transaction code OFZC is used to manage cash holding years in the SAP system. It allows users to view and maintain the cash holding years for each company code. This transaction code is used to set up the cash holding years for each company code, which are then used to determine the fiscal year for each company code. 
  
  Functionality: 
  The OFZC transaction code allows users to view and maintain the cash holding years for each company code. This transaction code is used to set up the cash holding years for each company code, which are then used to determine the fiscal year for each company code. The cash holding years are used to determine when a company's financial statements should be prepared and when taxes should be paid. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code OFZC in the command field of the SAP system. 
  2. Select the company code for which you want to set up the cash holding years. 
  3. Enter the start and end dates of the cash holding year in the appropriate fields. 
  4. Click “Save” to save your changes. 
  5. Repeat steps 2-4 for each company code you want to set up a cash holding year for. 
  
  Other Recommendations: 
  It is important to ensure that all of your company codes have their cash holding years set up correctly, as this will affect how your financial statements are prepared and when taxes are due. It is also important to keep track of any changes you make to your cash holding years, as this could affect your financial statements and tax payments in the future.