What is gross withdrawal amount in SAP FS-AM-OM-AC - Account Order?

SAP Term: gross withdrawal amount

• Component: FS-AM-OM-AC

• Component Name: Account Order

• Description: The amount resulting from the total of the net withdrawal amount, the early withdrawal penalty, and the administration charge in the context of an early withdrawal of time deposits. Information items are not included in the calculation of the gross withdrawal amount.

Smart SAP Assistant

• Key Concepts: 
  Gross withdrawal amount is a term used in the SAP FS-AM-OM-AC Account Order Management component. It is the total amount of money that is withdrawn from an account, including any fees or taxes associated with the withdrawal. 
  
  How to use it: 
  The gross withdrawal amount is used to calculate the net withdrawal amount, which is the amount of money that is actually taken out of the account. This calculation can be done by subtracting any fees or taxes associated with the withdrawal from the gross withdrawal amount. 
  
  Tips & Tricks: 
  When calculating the net withdrawal amount, it is important to make sure that all fees and taxes associated with the withdrawal are taken into account. This will ensure that the correct amount of money is withdrawn from the account. 
  
  Related Information: 
  The gross withdrawal amount is related to other terms such as net withdrawal amount, fees, and taxes. Understanding how these terms are related can help you better understand how to calculate the net withdrawal amount.