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

SAP Term: subaccount

• Component: FS-MCM-ECP

• Component Name: Effective Cash Pooling

• Description: Participant account of a master contract that has the feature, and that is used as a source account for clearing with the main account.

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• Key Concepts: 
  Subaccounts are a type of account in SAP's FS-MCM-ECP Effective Cash Pooling component. They are used to manage and track the cash flow of a company's various accounts, such as checking, savings, and investments. Subaccounts can be used to group accounts together for easier management and tracking. 
  
  How to use it: 
  Subaccounts can be created in SAP's FS-MCM-ECP Effective Cash Pooling component. To create a subaccount, the user must first select the account type they wish to create (e.g. checking, savings, investments). Then, they must enter the details of the account (e.g. name, currency, etc.). Finally, they must assign the subaccount to a parent account. 
  
  Tips & Tricks: 
  When creating subaccounts in SAP's FS-MCM-ECP Effective Cash Pooling component, it is important to ensure that all of the details are accurate and up-to-date. This will help ensure that the cash flow of the company is accurately tracked and managed. 
  
  Related Information: 
  For more information on SAP's FS-MCM-ECP Effective Cash Pooling component and how to use subaccounts, please refer to SAP's official documentation or contact your local SAP representative.