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

SAP Term: customer credit account

• Component: FI

• Component Name: Financial Accounting

• Description: A structure for entering customer credit information in a credit control area. The customer credit account monitors the amount of credit taken advantage of by the customer. A customer credit account contains a total of: All open items credit taken Customer orders that have not yet been sent Customer orders that have not yet be invoiced SD invoices in preparation without documents anticipated credit claim

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• Key Concepts: 
  A customer credit account is a type of account in SAP Financial Accounting (FI) that is used to track the credit balance of a customer. It is used to record all transactions related to the customer’s credit, such as payments, invoices, and other financial transactions. The customer credit account is also used to determine the customer’s credit limit and to monitor their credit status. 
  
  How to use it: 
  In SAP FI, the customer credit account is created when a customer is set up in the system. The account can be accessed through the Accounts Receivable (AR) module. All transactions related to the customer’s credit are recorded in the customer credit account. The account can be used to view the customer’s current balance, as well as their past transactions. 
  
  Tips & Tricks: 
  It is important to regularly review the customer credit account to ensure that all transactions are accurate and up-to-date. This will help you stay on top of any changes in the customer’s credit status and ensure that their credit limit is not exceeded. 
  
  Related Information: 
  The customer credit account is closely related to other accounts in SAP FI, such as Accounts Payable (AP) and General Ledger (GL). It is important to understand how these accounts interact with each other in order to properly manage your customers’ finances.