Purpose
The report creates the following postings:

• Postings for year-end closing of the profit and loss statements for the
fiscal year result

• Postings for closing and opening the balance sheet accounts for the new
fiscal year
You can choose between the following country versions:

• Italy


• Slovakia


• Turkey


• Portugal


• Romania


• Colombia

The country versions correspond to the legal requirements of thosecountries. Use the system variant SAP&* appropriate to thecountry version you select.
Caution
Even if you create your own report variants, you should always use therespective system variant SAP&* as a template. Each of thesevariants contains hidden parameters that influence how the reportperforms postings. To ensure that the posting logic meets the legalrequirements for the respective country, you should always start thereport with the respective system variant or with a modified copy. Thestandard delivery corresponds to the posting logic for Italy.
Use this report if you have activated New General Ledger Accounting andif you want to post closing/opening entries to a local ledger. If youhave not yet activated New General Ledger Accounting or if theleading ledger is involved in closing/opening entries, you have to usereport RFSUMB00 from classic General Ledger Accounting.
In contrast to RFSUMB00, which uses a batch input folder for postings,FAGL_YEC_POSTINGS creates postings in real time using the accountinginterface (with the reference transaction GLYEC).

Prerequisites
You must fulfill the following prerequisites before you can execute thereport:


• There must be a printout of the accounting reconciliation of last fiscal
year.

• The posting periods for posting the year-end closing and for opening the
current fiscal year must be open.

• The last transaction for the balance sheet needs to have been performed.


• The posting periods of the last fiscal year must be closed, apart from
the special periods for the closing postings

• There must be a printout of the accounting reconciliation of current
fiscal year and the totals must be validated.

Features
Postings for year-end closing of the profit and loss statements
The report saves the annual net profit/net loss in table FAGL_TRVOR as the comparison value for closing the balance sheet accounts. InTurkey, you have to close account group 7 separately (for moreinformation, see the documentation on report RFIDTRCLACCL7).
Since the postings are made using the reference transaction GLYEC,postings can be made directly to G/L accounts for which the Postautomatically only indicator is selected. In the case of accountsthat require a cost-relevant account assignment, the systemautomatically applies for the posting the cost center that you canspecify as the parameter in the selection screen. In the selectionscreen, you can also enter a transaction type for fixed asset accounts.You cannot enter any other characteristics or accountassignments.
Caution
Before performing the report in an update run, ensure that:


• No other postings are performed in your system


• You use a separate document type with its own document number range for
the report postings. This assists you later in delimiting this type ofposting in reporting (document journal).

Standard_variants
The following variants are updated by SAP in the standard:
SAP&COLUMBIA Standard Variant for Columbia
SAP&ITALY Standard Variant for Italy
SAP&PORTUGAL Standard Variant for Portugal
SAP&ROMANIA Standard Variant for Romania
SAP&SLOVAKIA Standard Variant for Slovakia
SAP&TURKEY Standard Variant for Turkey