What is 'summarization category' in SAP FS-CD - Collections/Disbursements?

summarization category - Overview

• Component: FS-CD

• Component Name: Collections/Disbursements

• Description: Groups open items to one single item, according to selected criteria.

summarization category - Details

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  Key Concepts: 
  Summarization category is a feature of the SAP FS-CD Collections/Disbursements component that allows users to group and summarize financial documents. This feature enables users to quickly and easily identify and analyze financial data. 
  
  How to use it: 
  To use the summarization category feature, users must first create a summarization category in the system. This can be done by navigating to the “Summarization Category” tab in the SAP FS-CD Collections/Disbursements component. Once a summarization category has been created, users can assign documents to it. Documents can be assigned to a summarization category by selecting the appropriate category from the drop-down menu when creating or editing a document. 
  
  Tips & Tricks: 
  When creating summarization categories, it is important to consider how documents will be grouped and summarized. For example, if documents are related to different departments or locations, it may be beneficial to create separate summarization categories for each department or location. This will make it easier to analyze financial data for each department or location separately. 
  
  Related Information: 
  The summarization category feature is closely related to other features of the SAP FS-CD Collections/Disbursements component, such as document types and payment terms. It is important to understand how these features interact with each other in order to effectively use the summarization category feature.