What is transfer posting in SAP FIN-FSCM-TRM-TM - Transaction Manager?

SAP Term: transfer posting

• Component: FIN-FSCM-TRM-TM

• Component Name: Transaction Manager

• Description: The movement of posted amounts from one account to another. Transfer postings are made, for example, when preparing for period-end closing. In the securities area, transfer posting describes the transfer of a securities position between G/L accounts in Financial Accounting. The securities account transfer, on the other hand, describes the transfer of a securities position from a source to a target securities account.

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• Key Concepts: 
  Transfer posting is a process in SAP Transaction Manager (FIN-FSCM-TRM-TM) that allows users to transfer open items from one account to another. This process is used to move open items from one account to another, such as when a customer changes their account number or when a company merges two accounts. 
  
  How to use it: 
  To use transfer posting, the user must first select the source and target accounts. The user then selects the open items that need to be transferred and specifies the transfer date. The system then creates a transfer document that contains the details of the transfer. The user can then review and approve the transfer document before it is posted. 
  
  Tips & Tricks: 
  When using transfer posting, it is important to ensure that all of the open items are correctly transferred. It is also important to check that all of the details in the transfer document are correct before approving it. 
  
  Related Information: 
  Transfer posting can also be used to move open items between different currencies or between different companies in a group. It can also be used to move open items between different fiscal years.