What is 'accrued balance' in SAP CRM-FM - Funds Management?

accrued balance - Overview

• Component: CRM-FM

• Component Name: Funds Management

• Description: An amount of money that aggregates over time. An initial budget is planned for the fiscal year. Accrual runs are scheduled, for example, every month or every quarter. During the accrual run, the amount of budget accrued over that period is calculated. This is the accrued balance.

accrued balance - Details

• 
  Key Concepts: 
  Accrued balance is a term used in SAP Funds Management (CRM-FM) to refer to the amount of funds that have been committed but not yet paid out. It is the difference between the total amount of funds committed and the total amount of funds paid out. 
  
  How to use it: 
  Accrued balance is used to track the amount of funds that have been committed but not yet paid out. This information can be used to ensure that all commitments are fulfilled and that no funds are left unspent. 
  
  Tips & Tricks: 
  It is important to keep track of accrued balance in order to ensure that all commitments are fulfilled and that no funds are left unspent. Accrued balance can also be used to identify potential areas for cost savings. 
  
  Related Information: 
  Accrued balance is related to other terms such as budget, commitment, and payment. It is important to understand how these terms interact in order to effectively manage funds in SAP Funds Management (CRM-FM).