What is totals item in SAP EC-CS - Consolidation?

SAP Term: totals item

• Component: EC-CS

• Component Name: Consolidation

• Description: A financial statement item that summarizes a group of value items or other totals items or both.

Smart SAP Assistant

• Key Concepts: 
  A totals item is a type of item in the SAP EC-CS Consolidation component. It is used to store the total of all the items in a consolidation group. Totals items are used to simplify the consolidation process and make it easier to analyze the data. 
  
  How to use it: 
  To use a totals item, first create a consolidation group in the SAP EC-CS Consolidation component. Then, add all the items that need to be consolidated into the group. Finally, create a totals item and assign it to the group. This will automatically calculate the total of all the items in the group. 
  
  Tips & Tricks: 
  When creating a totals item, make sure to select the correct currency for the item. This will ensure that all items in the group are converted to the same currency before being totaled. Additionally, it is important to check that all items in the group are correctly assigned to the totals item before running any calculations. 
  
  Related Information: 
  For more information on using totals items in SAP EC-CS Consolidation, please refer to SAP Help documentation or contact your local SAP support team.