What is posting date-based balance in SAP FS-AM - Account Management?

SAP Term: posting date-based balance

• Component: FS-AM

• Component Name: Account Management

• Description: A balance determined on the basis of the posting date of the account flows. Contrary to the posting date-based balance, the value date-based balance is determined on the basis of the value date of the account flows.

Smart SAP Assistant

• Key Concepts: 
  Posting date-based balance is a feature of the FS-AM Account Management component of SAP. It allows users to view the balance of an account as of a specific posting date. This is useful for tracking changes in account balances over time, as well as for reconciling accounts.
  
  How to use it: 
  To use the posting date-based balance feature, users must first select the account they wish to view. Then, they can enter a specific posting date and view the balance of the account as of that date. The balance will be displayed in a table format, with columns for the posting date, account number, and balance amount.
  
  Tips & Tricks: 
  When using the posting date-based balance feature, it is important to remember that only transactions that have been posted as of the specified date will be included in the balance calculation. Therefore, it is important to ensure that all relevant transactions have been posted before viewing the balance.
  
  Related Information: 
  The posting date-based balance feature is closely related to other features of FS-AM Account Management, such as account reconciliation and transaction history. These features can be used in conjunction with the posting date-based balance feature to gain a more comprehensive understanding of an account's activity over time.