What is property code in SAP FS-AM-CM-AC - Account?

SAP Term: property code

• Component: FS-AM-CM-AC

• Component Name: Account

• Description: A certain group of property private or commercial that represents a financial value. &EXAMPLE& Cash, savings accounts, securities, land.

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• Key Concepts: 
  Property codes are used in the FS-AM-CM-AC Account Assignment component of SAP to define the characteristics of an account assignment. They are used to determine the type of account assignment, such as whether it is a cost center, a profit center, or an internal order. Property codes also determine the validity period of an account assignment and the type of postings that can be made to it. 
  
  How to use it: 
  Property codes are used in SAP to define the characteristics of an account assignment. To use property codes, first create a new account assignment in the FS-AM-CM-AC Account Assignment component. Then, select the appropriate property code from the list of available codes. This will determine the type of account assignment, its validity period, and the type of postings that can be made to it. 
  
  Tips & Tricks: 
  When creating a new account assignment in SAP, it is important to select the correct property code for that assignment. This will ensure that all postings made to that account assignment are valid and that its validity period is correctly set. It is also important to remember that property codes can be changed at any time, so if you need to modify an existing account assignment you can do so by changing its property code. 
  
  Related Information: 
  For more information on property codes and how they are used in SAP, please refer to the official SAP documentation on FS-AM-CM-AC Account Assignment. Additionally, there are many online resources available which provide detailed tutorials and examples on how to use property codes in SAP.