What is outstanding charges in SAP FS-AM - Account Management?

SAP Term: outstanding charges

• Component: FS-AM

• Component Name: Account Management

• Description: Charges to be paid minus paid charges. The system includes the turnovers of "Charge to Pay" posted by the settlement and the pro rata turnovers not yet posted minus the posted and paid charges, that is the turnovers of "Charge Payments" or of "Charge Paid Cleared with Installment Payment". The turnovers of "Charges to be Capitalized" are not included in the calculation. Prepayments made for a charge reduce the amount of outstanding charges.

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• Key Concepts: 
  Outstanding charges are a type of account balance in the FS-AM Account Management component of SAP. They represent the amount of money that is owed to a customer or vendor for goods or services that have been provided but not yet paid for. Outstanding charges are typically tracked in the Accounts Receivable and Accounts Payable modules. 
  
  How to use it: 
  In FS-AM Account Management, outstanding charges can be tracked by creating an account for each customer or vendor. This account will contain all of the outstanding charges associated with that customer or vendor. The account can then be used to track payments and other transactions related to the outstanding charges. 
  
  Tips & Tricks: 
  It is important to keep track of outstanding charges in order to ensure that customers and vendors are paid on time. To make this process easier, it is recommended to set up automated reminders for customers and vendors when their outstanding charges are due. This will help ensure that payments are made in a timely manner. 
  
  Related Information: 
  For more information about FS-AM Account Management, please refer to the SAP Help Portal. Additionally, there are many online resources available that provide detailed information about how to use this component of SAP.