What is company code group in SAP PSM-FM - Funds Management?

SAP Term: company code group

• Component: PSM-FM

• Component Name: Funds Management

• Description: Groups together several company codes under an identification.

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• Key Concepts: 
  A company code group is a grouping of company codes in SAP Funds Management (PSM-FM). It is used to assign a common set of characteristics to multiple company codes, such as a common chart of accounts, currency, and fiscal year. This allows for easier and more efficient management of multiple company codes. 
  
  How to use it: 
  To create a company code group, go to the Funds Management module in SAP and select the “Company Code Group” option. Enter the name of the group and select the company codes that you want to include in the group. You can then assign the common characteristics to the group, such as a common chart of accounts, currency, and fiscal year. 
  
  Tips & Tricks: 
  When creating a company code group, it is important to ensure that all of the company codes included in the group have compatible characteristics. For example, if one company code uses a different currency than another, it will not be possible to assign a common currency to the group. 
  
  Related Information: 
  For more information on creating and managing company code groups in SAP Funds Management (PSM-FM), please refer to the official SAP documentation.