What is snapshot in SAP FI-CA - Contract Accounts Receivable and Payable?

SAP Term: snapshot

• Component: FI-CA

• Component Name: Contract Accounts Receivable and Payable

• Description: Momentary view of an account balance for a business partner whose contract accounts have a large number of items. Snapshots are used in in Financial Customer Care, for example. Instead of creating a current account balance long runtime, the account balance display is created from a previously selected set of items snapshot.

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• Key Concepts: 
  A snapshot in SAP FI-CA Contract Accounts Receivable and Payable is a point-in-time copy of the data stored in the system. It is used to capture the state of the data at a specific moment, allowing for comparison between different points in time. Snapshots can be used to track changes in data over time, or to compare different versions of the same data. 
  
  How to use it: 
  Snapshots can be created manually or automatically. To create a manual snapshot, go to the “Snapshots” tab in the FI-CA Contract Accounts Receivable and Payable application. Select “Create Snapshot” and enter a name for the snapshot. The snapshot will be created and stored in the system. To create an automatic snapshot, go to the “Settings” tab and select “Automatic Snapshots”. Enter a name for the snapshot and select a frequency for when it should be created (e.g., daily, weekly, monthly). The snapshot will be created automatically at the specified frequency. 
  
  Tips & Tricks: 
  When creating snapshots, make sure to give them descriptive names so that they can be easily identified later on. Additionally, it is important to remember that snapshots are only valid for a certain period of time; after that period has passed, they will no longer be valid and must be recreated. 
  
  Related Information: 
  For more information on snapshots in SAP FI-CA Contract Accounts Receivable and Payable, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/FI_CA_CONTRACT_ACCOUNTS_RECEIVABLE_AND_PAYABLE/latest/en-US