What is seasonal limit in SAP FS-AM-CM-AC - Account?

SAP Term: seasonal limit

• Component: FS-AM-CM-AC

• Component Name: Account

• Description: The limit that applies to a one-time or recurring period within a validity period and that fulfills one of the following conditions: The seasonal limit increases or decreases the committed limit of the master contract or account. The seasonal limit increases or decreases the tolerated overdraft limit of the master account or account. The seasonal limit reduces an existing seasonal limit to a defined minimum. The bank can agree upon as many seasonal limits as required with the customer for a master contract or an account. &EXAMPLE& An increased committed limit at the end of each month.

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• Key Concepts: 
  Seasonal limit is a feature of the FS-AM-CM-AC Account Determination component of SAP. It allows users to set a limit on the amount of money that can be spent in a certain period of time. This limit can be set for a specific account or for all accounts in the system. The seasonal limit helps to ensure that spending does not exceed budgeted amounts. 
  
  How to use it: 
  To use the seasonal limit feature, users must first define the period of time for which the limit should apply. This can be done by setting a start and end date for the period. Once this is done, users can then set the limit for each account or for all accounts in the system. The limit can be set as either an absolute amount or as a percentage of the total budgeted amount. 
  
  Tips & Tricks: 
  When setting seasonal limits, it is important to consider the budgeted amounts for each account and ensure that they are not exceeded. It is also important to consider any changes in spending patterns that may occur during the period and adjust the limits accordingly. 
  
  Related Information: 
  For more information on how to use the seasonal limit feature, please refer to SAP’s documentation on FS-AM-CM-AC Account Determination.