What is balance notification in SAP FI - Financial Accounting?

SAP Term: balance notification

• Component: FI

• Component Name: Financial Accounting

• Description: A method of correspondence listing individual amounts you want your customer or vendor to confirm. You expect a reply to this letter only if your customer or vendor does not agree with the stated balance.

Smart SAP Assistant

• Key Concepts: 
  Balance notification is a feature in SAP Financial Accounting (FI) that allows users to set up notifications when a balance exceeds a certain threshold. This feature is useful for monitoring accounts and ensuring that the balance remains within the desired range. 
  
  How to use it: 
  To set up a balance notification, users must first define the threshold for the notification. This can be done in the Balance Notification Settings screen in SAP FI. Once the threshold is set, users can then create a notification for any account that exceeds the threshold. The notification will be sent to the user or to another designated recipient. 
  
  Tips & Tricks: 
  It is important to note that balance notifications are only triggered when an account exceeds the defined threshold. Therefore, it is important to set the threshold at an appropriate level so that it is not too low or too high. Additionally, users should ensure that they have selected the correct accounts for monitoring and that they have designated the correct recipient for the notification. 
  
  Related Information: 
  For more information on balance notifications in SAP FI, please refer to SAP Help documentation or contact your local SAP support team.