Here we would like to draw your attention to FMFG_YEAR_END_CLOSE transaction code in SAP. As we know it is being used in the SAP PSM-FG (Functions for U.S. Federal Government in PSM) component which is coming under PSM module (Public Sector Management). FMFG_YEAR_END_CLOSE is a transaction code used for Year End close open balance in SAP.
It comes under the package for US Federal Government Extention of the Budgetary Ledger (FMFG_BLEXT_E). When we execute this transaction code, RFFMFG_BL_YRCL is the normal standard SAP program that is being executed in background. Transaction code FMFG_YEAR_END_CLOSE is included in the SAP component for EA-PS.
Transaction FMFG_YEAR_END_CLOSE technical data table
|Usage||Year End close open balance|