Purpose
This program closes out open balances during year-end processing. Therules for closing out open balances are defined in customizing. Theprogram can be used to perform both closing and preclosing.

Features

• All open balances are calculated and transfer postings are created
according to the sender-receiver account relationships set up incustomizing. The balances are closed out on the highest level of detailunless account assignments are marked as "collect" in customizing. Wherethis is the case, the value of the account assignment so marked iscleared in the transfer posting.

• The Funds Management (FM) and Controlling (CO) account assignment
elements can be changed on the receiver side of the transfer posting.For example, the transfers can be posted to the top funds center in therespective funds center hierarchy.

• Budget postings are created, if necessary.


• Errors during processing are stored in an error log accessible using the
menu or a button on the results screen.

Selection


• The open balance closeout can be limited to specified fund, fund type,
or sender account ranges.

• There is a radio button you can use to specify whether closing or
preclosing customizing is used to determine the sender-receiver accountrelationships.

Output
List of posted documents.