What is notice on amount in SAP FS-AM - Account Management?

SAP Term: notice on amount

• Component: FS-AM

• Component Name: Account Management

• Description: A business object of the FS AM system that depicts notice being given by a bank customer on deposits that are subject to notice. At the end of the notice period, the customer can withdraw the amount for which notice has been given, without having to pay an early withdrawal penalty. The notice on amount function can have the following characteristic values: Notice on partial amount Notice on a partial amount only comprises part of the deposits that are subject to notice. Notice on remaining amount Notice on the remaining amount is generated by an account closure and comprises the difference between the account balance and the amounts for which notice has not been given.

Smart SAP Assistant

• Key Concepts: 
  A Notice on Amount is a document that is generated in the SAP FS-AM Account Management component. It is used to inform customers of the amount due for a particular transaction. The notice includes the customer’s account number, the amount due, and the due date. 
  
  How to Use It: 
  In order to generate a Notice on Amount, users must first enter the customer’s account number into the system. Then, they must enter the amount due and the due date. Once this information is entered, the system will generate a Notice on Amount that can be sent to the customer. 
  
  Tips & Tricks: 
  It is important to double-check all information entered into the system before generating a Notice on Amount. This will ensure that customers are not overcharged or undercharged for their transactions. Additionally, it is important to make sure that all notices are sent out in a timely manner so that customers are aware of their payment obligations. 
  
  Related Information: 
  The SAP FS-AM Account Management component also includes features such as payment processing and account reconciliation. Additionally, users can generate reports and analyze data related to customer accounts.