closingopening postings at year end rfsumb00 faglyecpostingehp4
DESCRIPTION
Closingopening Postings at Year End Rfsumb00 Faglyecpostingehp4TRANSCRIPT
-
5/20/2018 Closingopening Postings at Year End Rfsumb00 Faglyecpostingehp4
1/7
Generated by Jive on 2014-08-02+02:00
1
SAP ERP Financials: Closing/OpeningPostings at Year End (RFSUMB00 /FAGL_YEC_POSTING_EHP4)
Posted by Renata VacziJun 3, 2014
You use this program in new General Ledger Accounting to perform closing and opening entries for a change
in fiscal year.
Note
For classic General Ledger Accounting, you use the program:
For New GL use the program: FAGL_YEC_POSTINGS or FAGL_YEC_POSTINGS_EHP4
This program creates the following postings:
Postings for year-end closing of the profit and loss statements for the fiscal year result
Account Selection Parameter: E 1st Run: P&L Accounts
Postings for closing and opening the balance sheet accounts for the new fiscal year
Account Selection Parameter: P 2nd Run: Balance Sheet Accounts
In this program, the postings are created in real time using the interface to Accounting (with reference
transaction AWTYP Reference procedure = GLYEC Year-End Closing Doc).
The totals records resulting from the closing and opening entries are updated with RRCTY Record type = 5to
be able to distinguish them in reporting from totals
records from operational postings (record type 0). The postings are made using the account assignments in the
totals record table.
To summarize balances using specific account assignment characteristics, you can use the Business Add-In
(BAdI)
Note
Validation is notperformed for transferred account assignment characteristics.
You can choose between the following country versionsof the program:
Italy SAP&ITALY Standard Variant for Italy
Slovakia SAP&SLOVAKIA Standard Variant for Slovakia
http://scn.sap.com/people/renata.vaczi -
5/20/2018 Closingopening Postings at Year End Rfsumb00 Faglyecpostingehp4
2/7
SAP ERP Financials: Closing/Opening Postings at Year End (RFSUMB00 / FAGL_YEC_POSTING_EHP4)
Generated by Jive on 2014-08-02+02:00
2
Turkey SAP&TURKEY Standard Variant for Turkey
Portugal SAP&PORTUGAL Standard Variant for Portugal
Romania SAP&ROMANIA Standard Variant for Romania
France SAP&FRANCE Standard Variant for France
Colombia SAP&COLUMBIA Standard Variant for Columbia
When creating your own report variants, always use the respective system variant SAP&*as a template.
Parameters that are set in the background in these system variants influence how the report performs postings.
To ensure that the posting logic meets the
legal requirements for the respective country, you should always start the report with the respective system
variant or with a modified copy. The standard
delivery corresponds to the posting logic for Italy.
Prerequisites
You must fulfill the following prerequisites before you can execute the program:
The accounting reconciliation of last fiscal year has been printed out. The posting periods for posting the year-end closing and for opening the current fiscal year is open. The last transaction for the balance sheet has been performed.
Apart from the special periods for closing entries, the posting periods of the last fiscal year areclosed. The accounting reconciliation of current fiscal year has been printed out and the totals have been
validated.
Customizing prerequisites:
Closing/Opening Postings (Specific Countries Only)
Define Account Determination
Table: TABKT
You need entrys in table TABKT before you can start the report we need dummy account for
Vendor end Customer postings
For the account determination, you have to assign a dummy customer or vendor account to your reconciliation
accounts. Your closing/opening postings are posted to these accounts.
-
5/20/2018 Closingopening Postings at Year End Rfsumb00 Faglyecpostingehp4
3/7
SAP ERP Financials: Closing/Opening Postings at Year End (RFSUMB00 / FAGL_YEC_POSTING_EHP4)
Generated by Jive on 2014-08-02+02:00
3
For reconciliation accounts for special G/L transactions you have to enter the special G/L indicator.
Requirements
Before you can assign a ummy customer or vendor account to a reconciliation account, you must have reated
this dummy account with master data in the required company code. You ust be able to post to the account
directly.
Activities
To assign a dummy ustomer or vendor account to a reconciliation account, proceed as follows:
1. 1. Choose New Entries.2. Enter the company codefor which you ant to make the assignment.
3. In the field G/L Account, enter the umber of the reconciliation account, and in thefield Account Type, enter the account type for the reconciliation account (customer orvendor).
4. In the field Customeror Vendor nter the account number of the dummy customer or
vendor account.5. In the field Sp.G/L, enter the indicator for a special G/L transaction.6. In the fields Debitand Credit enter the posting keys for the debit and credit postings to
the dummy customer or vendor account.7. Save your assignment.
-
5/20/2018 Closingopening Postings at Year End Rfsumb00 Faglyecpostingehp4
4/7
SAP ERP Financials: Closing/Opening Postings at Year End (RFSUMB00 / FAGL_YEC_POSTING_EHP4)
Generated by Jive on 2014-08-02+02:00
4
Features
Year-end closing entries for profit and loss statements
The program saves the annual net profit or loss in table FAGL_TRVORas the comparison value for closing thebalance sheet accounts.
Note
In Turkey, you have to close account group 7 separately. To do this, use the program Turkey: Closing Account
Class 7(RFIDTRCLACCL7).
http://scn.sap.com/servlet/JiveServlet/showImage/38-108547-465888/EHP4_5.png -
5/20/2018 Closingopening Postings at Year End Rfsumb00 Faglyecpostingehp4
5/7
SAP ERP Financials: Closing/Opening Postings at Year End (RFSUMB00 / FAGL_YEC_POSTING_EHP4)
Generated by Jive on 2014-08-02+02:00
5
Since the postings are made using the reference transaction GLYEC, you can make postings directly to G/L
accounts for which the Post Automatically Only
indicator is selected. You cannotenter any other characteristics or account assignments.
Before performing the program in an update run, ensure the following:
No other postings are made in your system at the same time. For the postings with this program, you use a separate document type with its own document
number range. This enables you to clearly identify this type
of posting in reporting (document journal).
Run the Program with the following Parameters for opening postings 2013
Select your company code - fiscal year 2012 base for the opening postings 2013
http://scn.sap.com/servlet/JiveServlet/showImage/38-108547-465832/yec_1.PNGhttp://scn.sap.com/servlet/JiveServlet/showImage/38-108547-465832/yec_1.PNG -
5/20/2018 Closingopening Postings at Year End Rfsumb00 Faglyecpostingehp4
6/7
SAP ERP Financials: Closing/Opening Postings at Year End (RFSUMB00 / FAGL_YEC_POSTING_EHP4)
Generated by Jive on 2014-08-02+02:00
6
Accounts Tab
The procedure is as follows regarding to the P&L Accounts:
1st Step: Closing balances of revenue accounts are 'moved' to REA (retained earnings account)defined in the customizing OB53. Closing
balances of expenses accounts are moved also to REA.
2nd Step: The total debit balance of REA is moved to CLosing PL account - defined as paramater 1in the tab Accounts of the report. The
total credit balance of REA is moved to debit side of the Closing PL account.
3th Step: The total balance from the Closing PL account is moved to Net Result Account defined asparameter 2 in the tab Accounts.
Postings
Go in tab Postings use two Document Types
One for the Closing and one for the Opening
-
5/20/2018 Closingopening Postings at Year End Rfsumb00 Faglyecpostingehp4
7/7
SAP ERP Financials: Closing/Opening Postings at Year End (RFSUMB00 / FAGL_YEC_POSTING_EHP4)
Generated by Jive on 2014-08-02+02:00
7
Start the report and generate the postings.
In the Log you can see the selected accounts with the total amounts and the totals what the program would
post.
446 Views
There are no comments on this post