What is posted outstanding insurance premiums in SAP FS-AM - Account Management?

SAP Term: posted outstanding insurance premiums

• Component: FS-AM

• Component Name: Account Management

• Description: Insurance premiums to be paid minus paid insurance premiums. The system includes the turnovers of "Insurance Premium to Pay" posted by the settlement minus the posted and paid insurance premiums, that is turnovers of "Insurance Premium Paid Cleared with Installment Payment" or "Insurance Premium Payments Payment Plan Principle". The turnovers of "Insurance Premiums to be Capitalized" are not included in the calculation. Insurance premium prepayments reduce the amount of outstanding insurance premiums.

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• Key Concepts: 
  Posted outstanding insurance premiums refer to the amount of insurance premiums that have been posted to an account but have not yet been paid. This is a common accounting practice used to ensure that all insurance premiums are accounted for and paid in a timely manner. In SAP FS-AM Account Management, posted outstanding insurance premiums are tracked and managed in the system. 
  
  How to use it: 
  In SAP FS-AM Account Management, posted outstanding insurance premiums can be tracked and managed by creating an account for each insurance premium. The account will contain information about the premium, such as the amount due, the date it was posted, and any other relevant information. The system will then track the status of the premium and provide reports on its status. 
  
  Tips & Tricks: 
  When creating an account for posted outstanding insurance premiums, it is important to ensure that all relevant information is included in the account. This will help ensure that all premiums are tracked accurately and paid in a timely manner. Additionally, it is important to regularly review the status of posted outstanding insurance premiums to ensure that they are being paid on time. 
  
  Related Information: 
  For more information on how to manage posted outstanding insurance premiums in SAP FS-AM Account Management, please refer to the SAP Help documentation. Additionally, there are many online resources available that provide detailed instructions on how to use this feature in SAP FS-AM Account Management.