What is version in SAP EC-CS - Consolidation?

SAP Term: version

• Component: EC-CS

• Component Name: Consolidation

• Description: The versions of data that can be managed in parallel to a version for actual data, so as to produce alternative results for the purpose of simulation, planning, and restatement. versions are made up of an array of special versions in which Customizing settings from the various areas of are saved for example, data entry, tax rates, translation methods, and so on. Special versions reduce the amount of effort required for defining consolidation versions that are largely identical, since each special version is maintained centrally and can be referenced by any number of consolidation versions.

Smart SAP Assistant

• Key Concepts: 
  Version in SAP EC-CS Consolidation is a term used to describe the different versions of the consolidation system. It is used to track changes made to the system and to ensure that all users are working with the same version of the system. 
  
  How to use it: 
  When making changes to the consolidation system, users should always ensure that they are working with the latest version. This can be done by checking the version number in the system settings. If a user is working with an older version, they should update their system to the latest version before making any changes. 
  
  Tips & Tricks: 
  When updating to a new version of SAP EC-CS Consolidation, it is important to back up any data or settings that have been changed since the last version. This will ensure that any changes made are not lost when updating to a new version. 
  
  Related Information: 
  For more information on versions in SAP EC-CS Consolidation, please refer to the official SAP documentation.