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

SAP Term: object

• Component: PSM-FM

• Component Name: Funds Management

• Description: Account assignment element, such as a revenue commitment item, for which revenues are incurred. For requests, the object can serve as an account assignment object. This enables the assignment of open receivables and incoming payments.

Smart SAP Assistant

• Key Concepts: 
  Objects in SAP Funds Management (PSM-FM) are the basic building blocks of the system. They are used to store and manage data related to financial transactions, such as budgeting, accounting, and reporting. Objects can be grouped into categories such as accounts, funds, and projects. Each object has its own set of attributes that define its characteristics and behavior. 
  
  How to use it: 
  Objects in SAP Funds Management can be created, modified, and deleted. To create an object, you must first define its attributes. This includes setting up the object's name, description, and other properties. Once the object is created, it can be used to store data related to financial transactions. 
  
  Tips & Tricks: 
  When creating objects in SAP Funds Management, it is important to ensure that all of the attributes are properly defined. This will help ensure that the object behaves as expected when used in financial transactions. Additionally, it is important to keep track of all objects that have been created so that they can be easily accessed when needed. 
  
  Related Information: 
  For more information on objects in SAP Funds Management, please refer to the official documentation provided by SAP. Additionally, there are many online resources available that provide tutorials and tips on how to use objects in SAP Funds Management.