What is free external facility in SAP FS-BA-AN-LM - Limit Manager?

SAP Term: free external facility

• Component: FS-BA-AN-LM

• Component Name: Limit Manager

• Description: Free external credit line at facility level. Free external credit line = maxexternal limit - |utilization on key date|,0 Any credit balances or zero balances are to taken into account.

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• Key Concepts: 
  Free external facility is a feature of the SAP FS-BA-AN-LM Limit Manager component. It allows users to set up external limits for their accounts, such as credit limits, overdraft limits, and other restrictions. This feature helps to ensure that users do not exceed their limits and helps to protect the financial integrity of the organization. 
  
  How to use it: 
  To use the free external facility feature, users must first set up their external limits in the Limit Manager component. This can be done by entering the desired limit values into the appropriate fields. Once the limits have been set, users can then monitor their accounts to ensure that they do not exceed their limits. 
  
  Tips & Tricks: 
  It is important to regularly review and update your external limits in order to ensure that they are up-to-date and accurate. Additionally, it is important to ensure that all users are aware of their external limits and understand how they can be monitored. 
  
  Related Information: 
  For more information on setting up and using the free external facility feature in SAP FS-BA-AN-LM Limit Manager, please refer to the official SAP documentation.