What is 'processing group' in SAP FS - Financial Services?

processing group - Overview

• Component: FS

• Component Name: Financial Services

• Description: A criterion for grouping accounts and master contracts. You can assign one processing group to a contract. In certain processes mass runs, the processing group can be selected as a selection criterion. &EXAMPLE& In effective cash pooling, participant contracts can be grouped into a processing group.

processing group - Details

• 
  Key Concepts: 
  Processing groups are used in the FS Financial Services component of SAP to group together similar transactions. This allows for easier and more efficient processing of the transactions. Processing groups can be used to group together transactions that have the same characteristics, such as the same type of transaction, the same currency, or the same account. 
  
  How to use it: 
  To use processing groups in SAP FS Financial Services, first create a processing group by assigning a name and description to it. Then, assign the transactions that you want to group together to the processing group. Finally, you can process all of the transactions in the processing group at once. 
  
  Tips & Tricks: 
  When creating a processing group, it is important to make sure that all of the transactions that you are grouping together have similar characteristics. This will ensure that they can be processed efficiently and accurately. 
  
  Related Information: 
  For more information on how to use processing groups in SAP FS Financial Services, please refer to the SAP Help documentation.