What is 'monitoring balance' in SAP FS-AM-EP-MN - Monitoring?

monitoring balance - Overview

• Component: FS-AM-EP-MN

• Component Name: Monitoring

• Description: A balance that monitors the timely and correct payment meaning the correct value of agreed amounts.

monitoring balance - Details

• 
  Key Concepts: 
  Monitoring balance is a component of the SAP Financial Accounting (FI) module. It is used to monitor the balance of accounts in the general ledger. It allows users to view the current balance of an account, as well as the changes in the balance over time. This helps users to identify any discrepancies or irregularities in the account balances. 
  
  How to use it: 
  To use monitoring balance, users must first set up a monitoring balance profile. This profile defines which accounts should be monitored and how often they should be monitored. Once the profile is set up, users can view the current balance of an account and any changes in the balance over time. They can also view any discrepancies or irregularities in the account balances. 
  
  Tips & Tricks: 
  It is important to regularly review the monitoring balance profiles to ensure that they are up-to-date and accurate. This will help ensure that any discrepancies or irregularities in the account balances are identified quickly and addressed appropriately. 
  
  Related Information: 
  For more information on monitoring balance, please refer to SAP's documentation on Financial Accounting (FI) module.