What is main account in SAP FS-MCM-ECP - Effective Cash Pooling?

SAP Term: main account

• Component: FS-MCM-ECP

• Component Name: Effective Cash Pooling

• Description: An account that is participating in a master contract with a special function within the contract hierarchy. &EXAMPLE& In a master contract that has the feature, the main account is the target account for clearing with the other participating accounts of the master contract.

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• Key Concepts: 
  A main account is a type of account in SAP's FS-MCM-ECP Effective Cash Pooling component. It is the central account in a cash pooling structure, and it is used to manage the liquidity of the entire pool. The main account is responsible for collecting and distributing funds to other accounts in the pool. 
  
  How to use it: 
  The main account is used to manage the liquidity of the entire cash pool. It collects funds from other accounts in the pool and distributes them as needed. The main account also serves as a central point for reporting and analysis of the cash pool's performance. 
  
  Tips & Tricks: 
  When setting up a cash pool, it is important to ensure that the main account has sufficient funds to cover all transactions within the pool. This will help ensure that all accounts in the pool are able to access the necessary funds when needed. 
  
  Related Information: 
  For more information on SAP's FS-MCM-ECP Effective Cash Pooling component, please refer to SAP's official documentation. Additionally, there are many online resources available that provide detailed information on how to set up and manage a cash pool using SAP's software.