What is Manage Bank Account Hierarchies in SAP FI-FIO-CM - Fiori UI for Cash Management?

SAP Term: Manage Bank Account Hierarchies

• Component: FI-FIO-CM

• Component Name: Fiori UI for Cash Management

• Description: An app for defining bank account hierarchies.

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• Key Concepts: 
  Manage Bank Account Hierarchies is a component of the Fiori UI for Cash Management in SAP. It allows users to create and manage hierarchies of bank accounts, which can be used to group accounts for reporting and analysis purposes. The hierarchies can be used to define the structure of a company’s bank accounts, such as by region, currency, or other criteria. 
  
  How to use it: 
  To use Manage Bank Account Hierarchies, users must first create a hierarchy in the system. This can be done by selecting the “Create Hierarchy” option from the main menu. Once the hierarchy is created, users can add bank accounts to it by selecting the “Add Accounts” option from the main menu. The accounts can then be organized into different levels of the hierarchy. 
  
  Tips & Tricks: 
  When creating a hierarchy, it is important to consider how it will be used. For example, if the hierarchy is being used for reporting purposes, it may be beneficial to create multiple levels of detail in order to provide more granular data. Additionally, it is important to ensure that all relevant accounts are included in the hierarchy in order to ensure accurate reporting. 
  
  Related Information: 
  For more information on Manage Bank Account Hierarchies, please refer to the SAP Help documentation at https://help.sap.com/viewer/product/FI-FIO-CM/latest/en-US.