What is final account assignment in SAP PSM-FM - Funds Management?

SAP Term: final account assignment

• Component: PSM-FM

• Component Name: Funds Management

• Description: Function that allows you to prevent the posting of additional quantities to individual account assignment items in purchase order items with multiple account assignments. If you set the final account assignment indicator for an account assignment item, the system determines the final account assignment quantity, and only allows users to post further quantities from goods receipts and incoming invoices to this account assignment item up to the level of the final account assignment quantity. This even applies if you have allowed overdeliveries for the purchase order.

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• Key Concepts: 
  Final account assignment is a feature of SAP Funds Management (PSM-FM) that allows users to assign accounts to a particular fund or funds. This feature allows users to track and manage the financial resources of a particular fund or funds more effectively. 
  
  How to use it: 
  To use the final account assignment feature, users must first create a fund in the system. Once the fund is created, users can assign accounts to it. Accounts can be assigned to multiple funds, and users can also assign multiple accounts to a single fund. 
  
  Tips & Tricks: 
  When assigning accounts to funds, it is important to ensure that the accounts are properly categorized and labeled so that they can be easily identified and tracked. Additionally, it is important to ensure that all accounts are assigned to the correct funds in order to ensure accurate financial reporting. 
  
  Related Information: 
  The final account assignment feature is closely related to other features of SAP Funds Management such as budgeting, forecasting, and reporting. Additionally, this feature is also related to other features of SAP such as cost accounting and financial accounting.