What is administration charge in SAP (FS-AM - Account Management)?

SAP Term: administration charge

• Component: FS-AM

• Component Name: Account Management

• Description: A charge that is levied as a result of a certain event, such as an early withdrawal.

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• Key Concepts: 
  Administration charge is a fee charged by SAP FS-AM Account Management for the administration of accounts. It is a fixed fee that is charged on a regular basis, usually monthly or annually. The amount of the fee depends on the type of account and the services provided. 
  
  How to use it: 
  Administration charges are used to cover the costs associated with managing accounts, such as customer service, account maintenance, and other administrative tasks. The amount of the fee is determined by the type of account and the services provided. 
  
  Tips & Tricks: 
  It is important to understand the terms and conditions associated with administration charges before signing up for an account. This will help ensure that you are aware of any additional fees or charges that may be incurred. 
  
  Related Information: 
  For more information about administration charges, please refer to SAP's FS-AM Account Management documentation.