What is subject to final payment balance in SAP FS-AM-IM - Item Management?

SAP Term: subject to final payment balance

• Component: FS-AM-IM

• Component Name: Item Management

• Description: The balance of all items on an account that were credited and/or debited to an account, subject to receipt of payment The amounts credited or debited from check deposits and debit memo presentations, for example, are not available to the customer until a defined period has expired subject to final payment period. During the subject to final payment period, the items are managed on the account in the subject to final payment balance.

Smart SAP Assistant

• Key Concepts: 
  Subject to final payment balance is a term used in SAP FS-AM-IM Item Management. It is a process that allows customers to pay for goods or services in installments, with the final payment being due at the end of the agreed upon period. The customer is then responsible for paying the remaining balance in full. 
  
  How to use it: 
  In SAP FS-AM-IM Item Management, subject to final payment balance can be used to manage customer payments. This process allows customers to pay for goods or services in installments, with the final payment being due at the end of the agreed upon period. The customer is then responsible for paying the remaining balance in full. 
  
  Tips & Tricks: 
  When using subject to final payment balance in SAP FS-AM-IM Item Management, it is important to ensure that all payments are tracked and recorded accurately. This will help ensure that customers are held accountable for their payments and that any outstanding balances are paid in full. Additionally, it is important to keep track of any changes or updates to the payment plan so that customers are aware of their obligations. 
  
  Related Information: 
  Subject to final payment balance is related to other terms such as installment payments and deferred payments. Installment payments involve making regular payments over a period of time until the full amount is paid off, while deferred payments involve making a single payment at a later date. Both of these processes can be managed using SAP FS-AM-IM Item Management.