What is periodic bank statement in SAP (FS-AM-IM - Item Management)?

SAP Term: periodic bank statement

• Component: FS-AM-IM

• Component Name: Item Management

• Description: A record of the turnovers, created in a certain frequency. In the context of a mass run, the system selects all accounts that have the corresponding data stored in the master data. The corresponding bank statement is created and the data transferred to an interface. Then the system increases the date for the next bank statement on the account. This function involves parallel processing.

Smart SAP Assistant

• Key Concepts: 
  Periodic bank statement is a feature of the SAP FS-AM-IM Item Management component. It allows users to automatically generate a periodic bank statement from the SAP system. This statement contains all the transactions that have occurred in the system during a certain period of time. The statement can be used to reconcile accounts and ensure accuracy of financial data. 
  
  How to use it: 
  To generate a periodic bank statement, users must first set up the parameters for the statement in the SAP system. This includes setting up the period of time for which the statement should be generated, as well as any other parameters that may be necessary. Once these parameters are set, users can then generate the periodic bank statement from within the SAP system. 
  
  Tips & Tricks: 
  When setting up the parameters for a periodic bank statement, it is important to ensure that all necessary information is included. This includes any transactions that may have occurred outside of the specified period of time, as well as any other relevant information. Additionally, it is important to ensure that all transactions are accurately recorded in order to ensure accuracy of financial data. 
  
  Related Information: 
  For more information on how to use the periodic bank statement feature in SAP FS-AM-IM Item Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed instructions on how to use this feature.