What is cumulative balance in SAP FI-FIO-AR - Fiori UI for Accounts Receivable?

SAP Term: cumulative balance

• Component: FI-FIO-AR

• Component Name: Fiori UI for Accounts Receivable

• Description: Sums up the opening balance, the debits, and credits.

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• Key Concepts: 
  Cumulative balance is a term used in the SAP FI-FIO-AR Fiori UI for Accounts Receivable. It is the total amount of money that a customer owes to a company, including any payments that have been made. This amount is updated each time a payment is received or an invoice is issued. 
  
  How to use it: 
  The cumulative balance can be viewed in the Fiori UI for Accounts Receivable. It is displayed on the customer's account page and can be used to track the total amount of money owed by the customer. The cumulative balance can also be used to determine when a customer has paid off their debt. 
  
  Tips & Tricks: 
  It is important to keep track of the cumulative balance for each customer in order to ensure that all payments are accounted for and that customers are not overcharged. Additionally, it is important to regularly review the cumulative balance to ensure that it is accurate and up-to-date. 
  
  Related Information: 
  The cumulative balance can be used in conjunction with other features of the Fiori UI for Accounts Receivable, such as invoicing and payment processing. Additionally, it can be used to generate reports and analyze customer data.