What is fund type in SAP CRM-FM - Funds Management?

SAP Term: fund type

• Component: CRM-FM

• Component Name: Funds Management

• Description: A grouping of expense types, for example, marketing displays.

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• Key Concepts: 
  Fund type is a classification of funds in SAP Funds Management (FM) that is used to group funds according to their purpose. It is used to define the characteristics of a fund, such as its currency, accounting rules, and budgeting rules. Fund types are also used to control the availability of funds for certain activities.
  
  How to use it: 
  Fund types are created in the Funds Management module of SAP. Once created, they can be assigned to funds in order to classify them according to their purpose. This allows users to easily identify and manage funds according to their purpose.
  
  Tips & Tricks: 
  When creating fund types, it is important to consider the different characteristics of each fund type and how they will affect the availability of funds for certain activities. It is also important to consider how the fund type will be used in budgeting and accounting processes.
  
  Related Information: 
  Funds Management in SAP is a powerful tool for managing financial resources. It allows users to create budgets, track expenses, and manage funds according to their purpose. For more information on Funds Management in SAP, please refer to the official SAP documentation.