What is flow data in SAP FS-AM - Account Management?

SAP Term: flow data

• Component: FS-AM

• Component Name: Account Management

• Description: The operation-based data that has a short lifecycle, and that is assigned to certain master data.

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• Key Concepts: 
  Flow data is a term used in the FS-AM Account Management component of SAP. It refers to the data that is used to track the flow of money between accounts. This includes information such as the amount of money transferred, the date and time of the transfer, and the source and destination accounts. 
  
  How to use it: 
  Flow data can be used to track financial transactions within an organization. It can be used to monitor cash flow, identify discrepancies, and ensure that all transactions are properly accounted for. It can also be used to generate reports and analyze trends in financial activity. 
  
  Tips & Tricks: 
  When using flow data, it is important to ensure that all transactions are accurately recorded. This includes verifying that all amounts are correct and that all source and destination accounts are correctly identified. Additionally, it is important to regularly review flow data to ensure that all transactions are accounted for. 
  
  Related Information: 
  Flow data is closely related to other financial concepts such as accounting entries, journal entries, and balance sheets. Additionally, it is often used in conjunction with other SAP components such as FI-GL General Ledger and CO-PA Profitability Analysis.