term closing help what is
Meaning of day-end closing (PSM-FM). What is it: posting day and to match the actual bank.

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Definition day-end closing (PSM-FM)

DAY-END CLOSING (PSM-FM) title: day-end closing (PSM-FM) (SAP Library - Glossary)
DAY-END CLOSING (PSM-FM) category: Funds Management (PSM-FM)
DAY-END CLOSING (PSM-FM) explained:

The task of day-end closing is to enter the cash flow of a posting day and to match the actual bank transactions in the same period. Each posting day ends with the matching of these values.

More terms such as day-end closing (PSM-FM) in Dictionary D.

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