Payments

In this section, you make the system settings you require for working with Project Cash Management.

Project Cash Management uses the organizational unitsFM area andcommitment item in common with the Financial Accounting (FI) and Treasury (TR) applications.

The following prerequisites must be satisfied before you can use Project Cash Management:

• An FM area must be defined.

Maintain FM Area

• One or more company codes must be assigned to the FM area.

Assign company code to FM area

The system records payment data in Project Cash Management in controlling area currency, object currency, and transaction currency.

Further Notes

From Release 4.0, payment day is no longer recored in FM area currency. The standard is for old data not to be translated into controlling area currency. If you were using Project Cash Management before Release 4.0 and worked with different currencies in your FM area and controlling area, run program RPSCMCUR. For more information, see the documentation for this program.