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

SAP Term: summarization

• Component: PSM-FM

• Component Name: Funds Management

• Description: Feature in Cash Flow Reporting CFR whereby postings are summarized to a single general ledger G/L account field. For example, postings to accounts beginning "8" can be posted in summary to account 800000.

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• Key Concepts: 
  Summarization in SAP Funds Management (PSM-FM) is the process of consolidating and summarizing financial data from multiple sources into a single report. This report can be used to analyze and compare financial performance across different areas of the organization. Summarization also allows for the creation of budget plans and forecasts. 
  
  How to use it: 
  In SAP Funds Management, summarization is done through the use of the Summarization Tool. This tool allows users to select the data sources they want to include in their report, as well as the type of summarization they want to perform. Once the data is selected, users can then generate a report that contains all of the summarized information. 
  
  Tips & Tricks: 
  When using the Summarization Tool, it is important to ensure that all of the data sources are up-to-date and accurate. Additionally, users should take advantage of the various filters available in order to customize their reports and get more detailed information. 
  
  Related Information: 
  For more information on summarization in SAP Funds Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_PSM_FM/latest/en-US/f9f3d7a8b2e04c8a9f3d7a8b2e04c8a9.html