What is cash control object in SAP PSM-FM - Funds Management?

SAP Term: cash control object

• Component: PSM-FM

• Component Name: Funds Management

• Description: Account assignment defined for cash control.

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• Key Concepts: 
  Cash control object is a feature of SAP Funds Management (PSM-FM) that allows users to manage their cash flow. It enables users to define and monitor the cash flow of a company, including the budget, actuals, and forecasted amounts. It also allows users to set up rules for cash flow management, such as setting up payment terms and conditions. 
  
  How to use it: 
  To use the cash control object, users must first define the budget and actuals for each period. This can be done by entering the budget and actuals into the system. Once this is done, users can then set up rules for cash flow management. This includes setting up payment terms and conditions, as well as setting up rules for when payments should be made or received. 
  
  Tips & Tricks: 
  When setting up rules for cash flow management, it is important to consider the company’s financial goals and objectives. This will help ensure that the rules are in line with the company’s overall financial strategy. Additionally, it is important to keep track of any changes in the budget or actuals so that the cash control object can be updated accordingly. 
  
  Related Information: 
  For more information on SAP Funds Management (PSM-FM) and its features, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use SAP Funds Management (PSM-FM).