What is 'account product group' in SAP FS-AM - Account Management?

account product group - Overview

• Component: FS-AM

• Component Name: Account Management

• Description: The summarization of multiple products from the Account product category. &EXAMPLE& The SPAR account product group comprises such account products that are used as a template for savings accounts.

account product group - Details

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  Key Concepts: 
  Account product groups are used in the Financial Services (FS) Account Management (AM) component of SAP. They are used to group accounts into categories based on their characteristics, such as type of account, currency, and country. This allows for easier management of accounts and better reporting. 
  
  How to use it: 
  Account product groups can be created in the FS-AM component of SAP. First, select the “Account Product Group” option from the menu. Then, enter the details of the account product group, such as name, type, currency, and country. Finally, save the account product group and it will be available for use. 
  
  Tips & Tricks: 
  When creating an account product group, it is important to consider how it will be used. For example, if the account product group will be used for reporting purposes, it is important to ensure that all relevant accounts are included in the group. 
  
  Related Information: 
  For more information on account product groups in SAP FS-AM, please refer to the SAP Help documentation.