What is 'balance' in SAP EPM-IC - SAP BusinessObjects Intercompany?

balance - Overview

• Component: EPM-IC

• Component Name: SAP BusinessObjects Intercompany

• Description: A line in which an amount can be entered. It is created by specifying the declaring company, the partner, the parent account, the transaction currency, etc.

balance - Details

• 
  Key Concepts: 
  Balance is a term used in the SAP BusinessObjects Intercompany (EPM-IC) component to refer to the difference between two amounts. It is used to compare the total of two sets of data, such as the total of a company's sales and the total of its expenses. The balance is calculated by subtracting the smaller amount from the larger amount.
  
  How to use it: 
  In order to calculate a balance, you must first identify two sets of data that you want to compare. Then, you must add up each set of data separately and subtract the smaller amount from the larger amount. This will give you the balance between the two sets of data.
  
  Tips & Tricks: 
  When calculating a balance, it is important to make sure that you are comparing two sets of data that are related. For example, if you are comparing a company's sales and expenses, make sure that both sets of data are for the same period of time.
  
  Related Information: 
  The concept of balance is also used in other areas of SAP software, such as financial accounting and inventory management. Additionally, balance sheets are used to provide an overview of a company's financial position at a given point in time.