What is unique treasury account in SAP (PSM-FM - Funds Management)?

SAP Term: unique treasury account

• Component: PSM-FM

• Component Name: Funds Management

• Description: A repository in the central bank People’s Bank of China for a certain level of local government. The account centrally controls most of the government expenditures from both the budgetary and extra-budgetary financial fund.

Smart SAP Assistant

• Key Concepts: 
  A unique treasury account is a type of account used in SAP Funds Management (PSM-FM) to manage and track the financial transactions of an organization. It is a single account that is used to record all of the organization’s financial transactions, including payments, receipts, and transfers. This account is unique to the organization and can be used to track all of its financial activities. 
  
  How to use it: 
  The unique treasury account can be used to manage and track the financial transactions of an organization. It can be used to record payments, receipts, and transfers. The account can also be used to monitor the organization’s cash flow and liquidity. Additionally, it can be used to generate reports on the organization’s financial activities. 
  
  Tips & Tricks: 
  When setting up a unique treasury account, it is important to ensure that all of the necessary information is included in the account setup. This includes the name of the organization, its address, contact information, and any other relevant information. Additionally, it is important to ensure that all transactions are accurately recorded in the account. 
  
  Related Information: 
  For more information on setting up a unique treasury account in SAP Funds Management (PSM-FM), please refer to SAP’s documentation on Funds Management. Additionally, there are many online resources available that provide detailed instructions on how to set up a unique treasury account in SAP Funds Management.