What is 'individual value adjustment' in SAP FI - Financial Accounting?

individual value adjustment - Overview

• Component: FI

• Component Name: Financial Accounting

• Description: The devaluation of a specific customer's account because of improbability or impossibility of collection for example, owing to customer bankruptcy.

individual value adjustment - Details

• 
  Key Concepts: 
  Individual value adjustment is a feature in SAP Financial Accounting (FI) that allows users to adjust the value of an individual account balance. This adjustment can be made to correct errors or to make changes to the account balance due to external factors. 
  
  How to use it: 
  To use individual value adjustment, users must first access the relevant account in SAP FI. Once the account is open, users can select the “Individual Value Adjustment” option from the menu. This will open a window where users can enter the amount of the adjustment and provide a reason for the adjustment. Once all information is entered, users can save the adjustment and it will be reflected in the account balance. 
  
  Tips & Tricks: 
  When making an individual value adjustment, it is important to provide a detailed explanation of why the adjustment is being made. This will help ensure that any future adjustments are made correctly and that all changes are properly documented. 
  
  Related Information: 
  Individual value adjustments are closely related to other features in SAP FI such as document splitting and manual postings. Understanding how these features work together can help users make more accurate adjustments and ensure that all changes are properly documented.