What is savings book in SAP FS-AM - Account Management?

SAP Term: savings book

• Component: FS-AM

• Component Name: Account Management

• Description: A type of savings certificate that attests the savings credit balance in a savings account owed to the creditor by the bank in the form of a bound book. Payment items that are not for payment transactions but for investment purposes are posted in a savings account.

Smart SAP Assistant

• Key Concepts: 
  Savings book is a feature of the SAP FS-AM Account Management component. It is a tool that allows users to track and manage their savings accounts. It provides an overview of all savings accounts, including the current balance, interest rate, and other details. It also allows users to transfer funds between accounts and set up automatic payments. 
  
  How to use it: 
  To use the savings book feature, users must first log into their SAP system. Once logged in, they can access the FS-AM Account Management component and select the “Savings Book” option. This will open up a list of all savings accounts associated with the user’s account. From here, users can view details about each account, such as the current balance, interest rate, and other information. They can also transfer funds between accounts and set up automatic payments. 
  
  Tips & Tricks: 
  When using the savings book feature, it is important to keep track of all transactions and balances. This will help ensure that all accounts are up-to-date and accurate. Additionally, users should take advantage of the automatic payment feature to ensure that payments are made on time. 
  
  Related Information: 
  For more information about the savings book feature in SAP FS-AM Account Management, please refer to the official SAP documentation. Additionally, there are many online tutorials available that provide step-by-step instructions on how to use this feature.