What is rescission balance in SAP FS-AM - Account Management?

SAP Term: rescission balance

• Component: FS-AM

• Component Name: Account Management

• Description: The difference between the total posted disbursements and the total posted payments. If the "Rescission" feature is activated in the product, the system supports the rescission balance.

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• Key Concepts: 
  Rescission balance is a term used in SAP FS-AM Account Management. It is the difference between the total amount of funds that have been allocated to a customer and the total amount of funds that have been used by the customer. The rescission balance is calculated by subtracting the total amount of funds used from the total amount of funds allocated. 
  
  How to use it: 
  The rescission balance can be used to determine how much money a customer has available for future transactions. It can also be used to track how much money has been allocated and used by a customer over time. 
  
  Tips & Tricks: 
  It is important to keep track of the rescission balance in order to ensure that customers are not overspending their allocated funds. Additionally, it is important to monitor the rescission balance in order to ensure that customers are not underutilizing their allocated funds. 
  
  Related Information: 
  The rescission balance is closely related to other terms such as account balance, available balance, and overdraft limit. It is important to understand how these terms are related in order to effectively manage customer accounts in SAP FS-AM Account Management.