What is end-of-day activity in SAP FS-LMS - Liquidity Management Suite?

SAP Term: end-of-day activity

• Component: FS-LMS

• Component Name: Liquidity Management Suite

• Description: Action, that banks perform at the end of each day.

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• Key Concepts: 
  End-of-day activity is a process that occurs at the end of each business day in the FS-LMS Liquidity Management Suite. It involves the reconciliation of accounts, the calculation of interest, and the preparation of reports. The end-of-day activity is an important part of the liquidity management process and helps ensure that all accounts are up to date and accurate.
  
  How to use it: 
  The end-of-day activity is triggered by a user or system administrator. Once triggered, the system will automatically run through the necessary steps to reconcile accounts, calculate interest, and prepare reports. The user or system administrator can then review the results and make any necessary adjustments.
  
  Tips & Tricks: 
  It is important to ensure that all accounts are up to date before running the end-of-day activity. This will help ensure that all calculations are accurate and that any discrepancies can be identified quickly. Additionally, it is important to review the results of the end-of-day activity to ensure that all accounts are in balance and that any discrepancies have been addressed.
  
  Related Information: 
  The FS-LMS Liquidity Management Suite also includes other features such as cash flow forecasting, liquidity planning, and risk management. These features can be used in conjunction with the end-of-day activity to help ensure that all accounts are up to date and accurate. Additionally, there are a variety of third-party tools available that can be used to supplement the FS-LMS Liquidity Management Suite.