What is group-external in SAP FI-LC - Consolidation?

SAP Term: group-external

• Component: FI-LC

• Component Name: Consolidation

• Description: Separately from affiliated companies.

Smart SAP Assistant

• Key Concepts: 
  Group-external is a term used in the FI-LC Consolidation component of SAP. It refers to a consolidation group that is not part of the consolidation group hierarchy. Group-external groups are used to consolidate data from external sources, such as other companies or subsidiaries, into the consolidation group hierarchy. 
  
  How to use it: 
  Group-external groups can be created in the FI-LC Consolidation component of SAP. To do this, go to the “Consolidation Groups” tab and select “Create Group-External” from the dropdown menu. Enter the required information, such as the name of the group and its parent group, and click “Save”. The group-external group will now be available for use in consolidations. 
  
  Tips & Tricks: 
  When creating a group-external group, make sure to enter all required information accurately. This will ensure that the data from external sources is correctly consolidated into the consolidation group hierarchy. 
  
  Related Information: 
  For more information on using group-external groups in SAP FI-LC Consolidation, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/FI_LC_CONSOLIDATION/latest/en-US