What is endowment in SAP FIN-FSCM-CLM-CM - Cash Management?

SAP Term: endowment

• Component: FIN-FSCM-CLM-CM

• Component Name: Cash Management

• Description: A donation made to a non-profit organization that has a stated purpose at the bequest of the donor.

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• Key Concepts: 
  Endowment is a type of financial transaction in SAP Cash Management. It is a transfer of funds from one account to another, usually for the purpose of investing or donating money. Endowments are typically used by organizations to fund long-term projects or to provide financial support for charitable causes. 
  
  How to use it: 
  In SAP Cash Management, endowments are created by entering the source and target accounts, the amount to be transferred, and the date of the transaction. The endowment can then be approved and processed. Once the endowment is processed, the funds will be transferred from the source account to the target account. 
  
  Tips & Tricks: 
  When creating an endowment in SAP Cash Management, it is important to ensure that all of the necessary information is entered correctly. This includes the source and target accounts, the amount to be transferred, and the date of the transaction. Additionally, it is important to ensure that there are sufficient funds in the source account to cover the amount of the endowment. 
  
  Related Information: 
  For more information about endowments in SAP Cash Management, please refer to SAP Help documentation or contact your local SAP support team. Additionally, there are many online resources available that provide detailed information about endowments and other financial transactions in SAP Cash Management.