What is Transaction Manager? In which versions is it
available? What are the steps for setting it up? What is it
used for?
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Answer Posted / hannah
Hi,
The Transaction Manager supports not only one but several
parallel balance-sheet views of managed positions and
transactions, each of which in its own right offers a
complete view of the positions on a value basis. This
fulfills a requirement voiced by several companies to be
able to generate balance sheets according to both local
accounting regulations and international accounting regulations.
There are numerous product types in the money market,
foreign exchange, derivatives, securities, debt management,
and information system areas in the Transaction Manager.
The Transaction Manager offers the following advantages with
the concept of product types:
Simple data entry and administration and the use of control
parameters.
Flexible design of structure characteristics and conditions
of financial transactions.
Possibility to represent complex condition combinations.
Ensuring the data consistency of your transactions.
To make the settings and use the functions in General Ledger
Accounting, you have to activate it. To do this, in
Customizing choose Financial Accounting Financial Accounting
Global Settings Activate New General Ledger Accounting.
The BAdI methods are called by payment requests. In general,
payments from the Transaction Manager can be processed using
postings to customer accounts and using payment requests. If
you want to process a payment using In-House Cash, payment
is done using payment requests.
If you want to repeat the implementation of the Transaction
Manager (FIN-FSCM-TRM-TM) and your data (legacy data) is in
a source system, you need to make sure this data is a
available in the Transaction Manager for a key date.
Hope this would be helpful to you all, Thank You.
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