What is reversal item in SAP FS-AM - Account Management?

SAP Term: reversal item

• Component: FS-AM

• Component Name: Account Management

• Description: A payment item that results in the reversal of another payment item.

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• Key Concepts: 
  A reversal item is a type of document used in SAP FS-AM Account Management. It is used to reverse the effects of a previously posted document. This can be done manually or automatically, depending on the settings in the system. Reversal items are used to correct errors or to cancel out a document that was posted in error. 
  
  How to use it: 
  In order to use a reversal item, you must first identify the document that needs to be reversed. Once you have identified the document, you can create a reversal item for it. The reversal item will contain the same information as the original document, but with the opposite effect. For example, if the original document was a debit, then the reversal item will be a credit. 
  
  Tips & Tricks: 
  When creating a reversal item, it is important to make sure that all of the information is correct. This includes the amount, account numbers, and any other relevant information. Additionally, it is important to make sure that the reversal item is posted in the same period as the original document. This will ensure that all of the accounting entries are properly balanced. 
  
  Related Information: 
  Reversal items are just one of many features available in SAP FS-AM Account Management. Other features include account reconciliation, budgeting, and reporting. Additionally, SAP FS-AM Account Management can be integrated with other SAP modules such as FI/CO and SD/MM for more comprehensive financial management capabilities.