What is balance subobject type in SAP FS-BA-PM-AFP - Accounting for Financial Products?

SAP Term: balance subobject type

• Component: FS-BA-PM-AFP

• Component Name: Accounting for Financial Products

• Description: Used as a template to create balance subobjects BSO and defined in Customizing by assigning a BSO type to a balance object type. It is also necessary to define the characteristics and indicators contai ned in each BSO type.

Smart SAP Assistant

• Key Concepts: 
  Balance subobject type is a component of the Accounting for Financial Products (AFP) module in SAP. It is used to define the characteristics of a balance subobject, such as its currency, account type, and account assignment. Balance subobjects are used to store balances for different accounts and can be used to track changes in the balance over time. 
  
  How to use it: 
  In order to use the balance subobject type, you must first create a balance subobject in the SAP system. This can be done by navigating to the Financial Accounting (FI) module and selecting the Balance Subobject Type option. From there, you can enter the details of the balance subobject, such as its currency, account type, and account assignment. Once created, you can then use the balance subobject type to track changes in the balance over time. 
  
  Tips & Tricks: 
  When creating a balance subobject type, it is important to ensure that all of the details are correct. This will ensure that any changes in the balance are accurately tracked over time. Additionally, it is important to keep track of any changes made to the balance subobject type as these can affect how it is used in other areas of SAP. 
  
  Related Information: 
  For more information on using balance subobjects in SAP, please refer to the SAP Help documentation on Balance Subobjects. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature in SAP.