What is purge offset in SAP (FS-LMS - Liquidity Management Suite)?

SAP Term: purge offset

• Component: FS-LMS

• Component Name: Liquidity Management Suite

• Description: The number of days before the current date at which data should be removed from the LMS online data store.

Smart SAP Assistant

• Key Concepts: 
  Purge offset is a feature of the SAP FS-LMS Liquidity Management Suite that allows users to delete or reset the offsetting entries in their accounts. This feature is useful for companies that need to keep their accounts up-to-date and accurate. It can also be used to reduce the amount of time spent reconciling accounts. 
  
  How to use it: 
  To use the purge offset feature, users must first select the account they wish to purge. Then, they must select the offsetting entries they wish to delete or reset. Finally, they must confirm their selection and click “Purge” to complete the process. 
  
  Tips & Tricks: 
  It is important to remember that purging offsetting entries will not delete any transactions from the account. It will only reset or delete the offsetting entries associated with those transactions. Additionally, it is important to double-check all entries before purging them, as this process cannot be undone. 
  
  Related Information: 
  For more information on how to use the purge offset feature, please refer to SAP’s official documentation on FS-LMS Liquidity Management Suite. Additionally, there are many online tutorials and videos available that can help users understand how to use this feature.