What is customer position account in SAP FS-BA-SD - Source Data?

SAP Term: customer position account

• Component: FS-BA-SD

• Component Name: Source Data

• Description: A template category containing attributes that can be used for accounts where positions are managed in relation to an entire customer. These positions can, but do not have to, have a reference to a financial transaction.

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• Key Concepts: 
  Customer position account is a component of the Financial Services - Basic Accounting - Sales and Distribution (FS-BA-SD) source data. It is a type of account that stores the customer's current financial position, such as their credit limit, payment terms, and any outstanding invoices. This information is used to determine the customer's creditworthiness and to manage their accounts receivable. 
  
  How to use it: 
  The customer position account is used to track the customer's financial position over time. This information can be used to determine the customer's creditworthiness and to manage their accounts receivable. The customer position account can also be used to set up payment terms and credit limits for customers. 
  
  Tips & Tricks: 
  It is important to keep the customer position account up-to-date in order to accurately assess the customer's creditworthiness and manage their accounts receivable. It is also important to review the customer's financial position regularly in order to ensure that they are able to meet their payment obligations. 
  
  Related Information: 
  The customer position account is related to other components of the FS-BA-SD source data, such as accounts receivable, accounts payable, and general ledger accounts. It is also related to other components of SAP software, such as sales orders, invoices, and payments.