What is external counter in SAP FS-AM-IM-CT - Counter?

SAP Term: external counter

• Component: FS-AM-IM-CT

• Component Name: Counter

• Description: A counter category managed in an external system outside of Account Management that records the number of any kind of values. Users have the option of transferring the counter readings of external counters to the Account Management system via BAPI, where they can then be displayed. External counters that are relevant for account settlement count per application period of the assigned settlement condition; external counters that are not relevant for account settlement count per posting day. Refer also to: category.

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• Key Concepts: 
  External counter is a component of the SAP Financial Services Asset Management (FS-AM) module. It is used to track and manage the number of external transactions that occur in a given period. This includes transactions such as payments, deposits, withdrawals, and transfers. The external counter also helps to identify any discrepancies between the actual number of transactions and the expected number. 
  
  How to use it: 
  The external counter can be used to monitor the number of external transactions that occur in a given period. This can be done by setting up a counter for each type of transaction and then tracking the number of transactions that occur over time. The counter can also be used to identify any discrepancies between the actual number of transactions and the expected number. 
  
  Tips & Tricks: 
  It is important to ensure that the external counter is set up correctly in order to accurately track and manage the number of external transactions. Additionally, it is important to regularly review the counter to ensure that it is up-to-date and accurate. 
  
  Related Information: 
  The external counter is part of the SAP Financial Services Asset Management (FS-AM) module. It is used in conjunction with other components such as the internal counter, which tracks internal transactions, and the reconciliation counter, which helps to reconcile discrepancies between internal and external transactions.