What is flow type in SAP FIN-FSCM-TRM - Treasury and Risk Management?

SAP Term: flow type

• Component: FIN-FSCM-TRM

• Component Name: Treasury and Risk Management

• Description: A classification of flow records that is used to control postings, valuation and accruals/deferrals. At flow type level, you define: How flows of this type should be posted Whether a payment request can be generated Whether the flow should be considered by the valuation and accrual/deferral functions Whether the flows should be updated in cash management evaluations

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• Key Concepts: 
  Flow type is a term used in SAP Treasury and Risk Management (FIN-FSCM-TRM) to describe the type of flow that is associated with a transaction. It is used to classify transactions into different categories, such as cash flows, payments, and investments. Flow types are used to determine the accounting treatment of a transaction and to ensure that the correct accounting entries are made. 
  
  How to use it: 
  When creating a transaction in SAP Treasury and Risk Management, the user must select a flow type for the transaction. This will determine how the transaction is classified and how it will be accounted for. The flow type can be selected from a list of predefined flow types or can be customized by the user. 
  
  Tips & Tricks: 
  When selecting a flow type for a transaction, it is important to ensure that the correct flow type is selected. This will ensure that the correct accounting entries are made and that the transaction is properly classified. 
  
  Related Information: 
  Flow types are closely related to other terms in SAP Treasury and Risk Management, such as transaction types and document types. It is important to understand how these terms interact with each other in order to properly classify transactions and ensure accurate accounting entries.