What is 'allocation algorithm' in SAP FI-FIO-AR - Fiori UI for Accounts Receivable?

allocation algorithm - Overview

• Component: FI-FIO-AR

• Component Name: Fiori UI for Accounts Receivable

• Description: An allocation algorithm is used in bank statement processing. It allocates or finds matching open items.

allocation algorithm - Details

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  Key Concepts: 
  An allocation algorithm is a set of rules used to determine how payments are allocated to open items in Accounts Receivable. The FI-FIO-AR Fiori UI for Accounts Receivable is a user interface that allows users to view and manage their accounts receivable data. 
  
  How to use it: 
  The allocation algorithm can be used to automatically allocate payments to open items in Accounts Receivable. The FI-FIO-AR Fiori UI for Accounts Receivable provides users with an easy-to-use interface for viewing and managing their accounts receivable data. 
  
  Tips & Tricks: 
  When using the allocation algorithm, it is important to ensure that the rules are set up correctly in order to ensure accurate payment allocations. Additionally, users should take advantage of the FI-FIO-AR Fiori UI for Accounts Receivable in order to quickly and easily view and manage their accounts receivable data. 
  
  Related Information: 
  For more information on the allocation algorithm, please refer to the SAP Help documentation. Additionally, for more information on the FI-FIO-AR Fiori UI for Accounts Receivable, please refer to the SAP Fiori Launchpad documentation.