What is credit management account in SAP FI - Financial Accounting?

SAP Term: credit management account

• Component: FI

• Component Name: Financial Accounting

• Description: Account in which data is summarized to monitor the credit limit. &EXAMPLE& In SAP Credit Management N-FSCM-CR, a credit management account contains the data of a business partner that corresponds to the combination of credit segment and credit profile.

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• Key Concepts: 
  A Credit Management Account (CMA) is a financial account in SAP Financial Accounting (FI) that is used to manage customer credit. It is used to track the amount of credit that a customer has available and to monitor the customer’s payment history. The CMA also allows for the setting of credit limits and the monitoring of overdue payments. 
  
  How to use it: 
  The CMA is used to manage customer credit in SAP FI. It can be used to set credit limits, track customer payments, and monitor overdue payments. The CMA can also be used to generate reports on customer payment history and credit utilization. 
  
  Tips & Tricks: 
  When setting up a CMA, it is important to ensure that the correct credit limit is set for each customer. This will help ensure that customers are not over-extending their credit and will help prevent any potential financial losses. Additionally, it is important to regularly review the CMA reports to ensure that customers are paying their bills on time and that any overdue payments are addressed promptly. 
  
  Related Information: 
  For more information on Credit Management Accounts in SAP FI, please refer to the SAP Help Portal or contact your local SAP support team.