What is liquidity consolidation group in SAP FS-LRM - Liquidity and Risk Management?

SAP Term: liquidity consolidation group

• Component: FS-LRM

• Component Name: Liquidity and Risk Management

• Description: Encapsulates legal entities, within which you can exchange inflows and outflows. Inflows of one legal entity can equalize outflows of another.

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• Key Concepts: 
  A liquidity consolidation group is a feature of the SAP FS-LRM Liquidity and Risk Management component. It is used to group together multiple liquidity accounts in order to provide a consolidated view of the liquidity position of an organization. This allows for better liquidity planning and risk management. 
  
  How to use it: 
  The liquidity consolidation group feature can be used to create a consolidated view of the liquidity position of an organization. This can be done by grouping together multiple liquidity accounts and then viewing the consolidated balance sheet. This allows for better liquidity planning and risk management. 
  
  Tips & Tricks: 
  When creating a liquidity consolidation group, it is important to ensure that all accounts are properly grouped together. This will ensure that the consolidated view is accurate and up-to-date. Additionally, it is important to regularly review the accounts in the group to ensure that they are still relevant and up-to-date. 
  
  Related Information: 
  For more information on the SAP FS-LRM Liquidity and Risk Management component, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use this component effectively.