What is maximum amount in SAP FI-AA - Asset Accounting?

SAP Term: maximum amount

• Component: FI-AA

• Component Name: Asset Accounting

• Description: Amount against which the current-year acquisitions of a low-value asset are checked.

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• Key Concepts: 
  Maximum amount is a feature in SAP FI-AA Asset Accounting that allows users to set a limit on the amount of money that can be spent on an asset. This limit is set by the user and can be used to control the amount of money that is spent on an asset. 
  
  How to use it: 
  To use the maximum amount feature, users must first set up the maximum amount in the system. This can be done by going to the Asset Accounting menu and selecting “Maximum Amount”. From there, users can enter the maximum amount they want to spend on an asset. Once this is done, the system will automatically prevent any transactions from exceeding this limit. 
  
  Tips & Tricks: 
  It is important to remember that the maximum amount feature only applies to transactions related to assets. It does not apply to other types of transactions such as payments or invoices. Additionally, it is important to keep in mind that the maximum amount feature does not prevent users from exceeding the limit, but rather serves as a warning system to alert users when they are close to exceeding it. 
  
  Related Information: 
  For more information about the maximum amount feature in SAP FI-AA Asset Accounting, please refer to SAP’s official documentation. Additionally, there are many online resources available that provide detailed instructions on how to use this feature.