What is external account in SAP FIN-FSCM-CMM-BR - ?

SAP Term: external account

• Component: FIN-FSCM-CMM-BR

• Component Name:

• Description: SAP Broker Reconciliation for Commodity Derivatives Customer account maintained with a broker.

Smart SAP Assistant

• Key Concepts: 
  An external account is a type of account in SAP that is used to store information about customers, vendors, and other external entities. It is part of the Financial Supply Chain Management (FSCM) component of the SAP system. The Business Rules Management (BRM) component of FSCM is used to define the rules for managing external accounts. 
  
  How to use it: 
  External accounts can be created in the SAP system by entering the necessary information about the customer, vendor, or other external entity. This information includes contact details, payment terms, and other relevant data. Once an external account has been created, it can be used to manage transactions with that entity. 
  
  Tips & Tricks: 
  When creating an external account in SAP, it is important to ensure that all of the necessary information is entered correctly. This will help to ensure that transactions with the entity are managed correctly and efficiently. 
  
  Related Information: 
  For more information on how to create and manage external accounts in SAP, please refer to the official SAP documentation on Financial Supply Chain Management (FSCM).