What is reserved amount in SAP CRM-FM - Funds Management?

SAP Term: reserved amount

• Component: CRM-FM

• Component Name: Funds Management

• Description: Money that is blocked and approved for a specific event or purpose.

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• Key Concepts: 
  Reserved amount is a term used in SAP Funds Management (CRM-FM) to refer to the amount of funds that have been set aside for a specific purpose. This amount is not available for other uses until it is released. It is typically used to ensure that funds are available for a specific purpose, such as a project or an invoice. 
  
  How to use it: 
  In SAP Funds Management, the reserved amount can be set up by creating a reservation document. This document will specify the amount of funds to be reserved, the purpose of the reservation, and any other relevant information. Once the reservation document is created, the reserved amount will be set aside and will not be available for other uses until it is released. 
  
  Tips & Tricks: 
  When creating a reservation document, it is important to ensure that all relevant information is included. This includes the amount of funds to be reserved, the purpose of the reservation, and any other relevant information. Additionally, it is important to ensure that the reserved amount is released when it is no longer needed. 
  
  Related Information: 
  For more information on how to use reserved amounts in SAP Funds Management, please refer to the SAP Help Portal or contact your local SAP representative.