What is period balance in SAP FS-AM-IM-BC - Balances?

SAP Term: period balance

• Component: FS-AM-IM-BC

• Component Name: Balances

• Description: Account balance involving updating of the transaction figures only, not including the balance carryforward. This means that when a period balance is calculated for a given period, only the turnovers within this period can be determined and totaled.

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• Key Concepts: 
  Period balance is a component of the Financial Accounting (FI) module in SAP. It is used to store the balances of an account at the end of a period. This component is part of the FS-AM-IM-BC Balances module, which is used to manage and store all the balances of an account. 
  
  How to use it: 
  The period balance component can be used to store the balances of an account at the end of a period. This information can then be used to generate reports and analyze the financial performance of an organization. The period balance component also allows users to view the balances of an account over multiple periods. 
  
  Tips & Tricks: 
  When using the period balance component, it is important to ensure that all transactions are recorded accurately and that all balances are updated regularly. This will ensure that the period balance component provides accurate and up-to-date information. 
  
  Related Information: 
  The period balance component is closely related to other components in the Financial Accounting (FI) module, such as General Ledger (GL), Accounts Payable (AP), and Accounts Receivable (AR). These components are used to manage and store financial information related to an organization's accounts.