What is accrual posting run in SAP CRM-FM - Funds Management?

SAP Term: accrual posting run

• Component: CRM-FM

• Component Name: Funds Management

• Description: A process by which accruals are assigned to the relevant financial periods.

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• Key Concepts: 
  Accrual posting run is a process in SAP Funds Management (FM) that allows users to post accruals to the general ledger. Accruals are postings that are made to the general ledger to recognize revenue or expenses that have not yet been received or paid. This process is used to ensure that the financial statements accurately reflect the current financial position of the company. 
  
  How to use it: 
  To use the accrual posting run, users must first set up the accrual posting run in SAP Funds Management. This includes setting up the posting period, selecting the accounts to be posted, and specifying the posting rules. Once this is done, users can then run the accrual posting run. This will post all of the accruals to the general ledger and update the financial statements accordingly. 
  
  Tips & Tricks: 
  When setting up an accrual posting run, it is important to ensure that all of the accounts and posting rules are correctly specified. This will ensure that all of the accruals are posted correctly and that the financial statements accurately reflect the current financial position of the company. Additionally, it is important to regularly review and update the accrual posting run as needed in order to ensure accuracy. 
  
  Related Information: 
  For more information on setting up and running an accrual posting run in SAP Funds Management, please refer to SAP’s documentation on Funds Management. Additionally, there are many online resources available that provide detailed instructions on how to set up and use an accrual posting run in SAP Funds Management.