How to use RFACTS1_BL - FACTS 1: Trial Balance

SAP Transaction Code - Details

• Transaction Code: RFACTS1_BL

  Description: FACTS 1: Trial Balance

  Release: S/4HANA and ECC 6

• • Program: RFMUSFG_FACTS1_TB

    Screen: 1000

    Authorization Object:

  • Development Package: FMFG_E

    Package Description: US Federal Government budgetary ledger account derivation

    Parent Package: FUNDS_MANAGEMENT

  • Module/Component: PSM-FM

    Description: Funds Management

Smart SAP Assistant

• SAP Tcode: RFACTS1_BL - FACTS 1: Trial Balance

  
  Overview:
  RFACTS1_BL is an SAP transaction code used to generate a trial balance report. This report provides a summary of the financial position of a company at a specific point in time. It is used to compare the total debits and credits of all accounts in the general ledger. 
  
  Functionality:
  The RFACTS1_BL transaction code allows users to generate a trial balance report that includes all accounts in the general ledger. The report displays the total debits and credits for each account, as well as the net balance for each account. This report can be used to identify any discrepancies between the total debits and credits, as well as to identify any accounts with an incorrect balance. 
  
  Step-by-Step How to Use
  1. Enter the transaction code RFACTS1_BL into the command field. 
  2. Select the company code for which you want to generate the trial balance report. 
  3. Select the fiscal year and period for which you want to generate the report. 
  4. Select the type of report you want to generate (e.g., detailed or summarized). 
  5. Click “Execute” to generate the trial balance report. 
  6. Review the report and identify any discrepancies between the total debits and credits, as well as any accounts with an incorrect balance. 
  7. Make any necessary adjustments to correct any discrepancies or incorrect balances. 
  8. Save or print the trial balance report for future reference. 
  
  Other Recommendations:
  It is recommended that users review their trial balance reports on a regular basis in order to ensure accuracy and identify any discrepancies or incorrect balances in their financial records. Additionally, users should consult with their accountant or financial advisor if they have any questions about their trial balance reports or need assistance making any necessary adjustments.