What is 'amount financed' in SAP FI-AF-SAI - Simplified Accounting Integration?

amount financed - Overview

• Component: FI-AF-SAI

• Component Name: Simplified Accounting Integration

• Description: The amount that a lessor must expend to acquire a leasing asset.

amount financed - Details

• 
  Key Concepts: 
  Amount Financed is a term used in the SAP FI-AF-SAI Simplified Accounting Integration component. It is the total amount of money that a customer has borrowed from a lender to purchase goods or services. This amount includes any interest or fees that are associated with the loan. 
  
  How to use it: 
  In SAP, the Amount Financed is used to track the total amount of money that a customer has borrowed from a lender. This information can be used to calculate interest payments, fees, and other associated costs. It can also be used to track the customer’s payment history and ensure that all payments are made on time. 
  
  Tips & Tricks: 
  When entering the Amount Financed into SAP, it is important to make sure that all associated costs are included in the total amount. This will ensure that all payments are accurately tracked and accounted for. 
  
  Related Information: 
  The Amount Financed is closely related to other terms such as Interest Rate, Loan Term, and Payment Schedule. These terms are all used to track and manage customer loans in SAP.