What is funded account in SAP FS-MCM-ODP - Overdraft Protection?

SAP Term: funded account

• Component: FS-MCM-ODP

• Component Name: Overdraft Protection

• Description: Account to which an amount can be transferred from a funding account in overdraft protection. The assignment from funding accounts to a funded account can be made after contract relationships are specified in the master contract.

Smart SAP Assistant

• Key Concepts: 
  A funded account is a type of account that is used to provide overdraft protection for SAP FS-MCM-ODP. It is a special type of account that is funded by a third party, such as a bank or other financial institution, and is used to cover any overdrafts that may occur in the SAP system. 
  
  How to use it: 
  The funded account is used to provide overdraft protection for SAP FS-MCM-ODP. When an overdraft occurs, the funds from the funded account are used to cover the amount of the overdraft. This ensures that the SAP system remains in balance and that no additional funds are needed to cover the overdraft. 
  
  Tips & Tricks: 
  It is important to ensure that the funded account has sufficient funds available at all times in order to cover any potential overdrafts. Additionally, it is important to monitor the activity of the funded account on a regular basis in order to ensure that it remains in balance and that no additional funds are needed. 
  
  Related Information: 
  For more information about SAP FS-MCM-ODP and how to use a funded account for overdraft protection, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information about how to use and manage a funded account for SAP FS-MCM-ODP.