What is Cash Position by Payment Method in SAP SRD-FIN-CLM - FIN-Cash and Liquidity Management?

SAP Term: Cash Position by Payment Method

• Component: SRD-FIN-CLM

• Component Name: FIN-Cash and Liquidity Management

• Description: A report that shows the petty cash balances and the balances and posting for each bank account, grouped by payment method. The amounts are based on the bank statements plus unconfirmed payments.

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• Key Concepts: 
  Cash Position by Payment Method is a component of SAP’s Cash and Liquidity Management (SRD-FIN-CLM) module. It provides an overview of the current cash position of an organization, broken down by payment method. This includes cash on hand, checks, credit cards, and other payment methods. 
  
  How to Use it: 
  Cash Position by Payment Method can be used to gain insight into the current financial situation of an organization. It can be used to identify areas where cash flow can be improved, or to plan for future cash needs. Additionally, it can be used to compare the performance of different payment methods over time. 
  
  Tips & Tricks: 
  When using Cash Position by Payment Method, it is important to consider the impact of currency exchange rates on the overall cash position. Additionally, it is important to consider the impact of taxes and fees when evaluating the performance of different payment methods. 
  
  Related Information: 
  Cash Position by Payment Method is part of SAP’s Cash and Liquidity Management module. Other components of this module include Cash Flow Forecasting, Cash Flow Analysis, and Bank Account Management.