What is account statement in SAP FS-CML - Loans Management?

SAP Term: account statement

• Component: FS-CML

• Component Name: Loans Management

• Description: A notification from the bank to inform its business partners about the turnovers on an account. Account statements can be delivered to the business partner through a variety of channels, such as by mail, fax, e-mail, or at the statement printer.

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• Key Concepts: 
  An account statement is a document that provides a summary of the activity on an account over a given period of time. In the context of SAP FS-CML Loans Management, an account statement is a document that provides information about the loan, such as the loan amount, interest rate, repayment schedule, and any fees associated with the loan. 
  
  How to use it: 
  In SAP FS-CML Loans Management, an account statement can be generated for each loan. To generate an account statement, go to the Loan Overview screen and select the loan for which you want to generate an account statement. Then click on the “Generate Account Statement” button. This will generate a PDF document containing all of the information about the loan. 
  
  Tips & Tricks: 
  When generating an account statement in SAP FS-CML Loans Management, make sure to double-check all of the information before saving or printing it. This will ensure that all of the information is accurate and up-to-date. 
  
  Related Information: 
  For more information about generating an account statement in SAP FS-CML Loans Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/FS_CML_LOANS_MANAGEMENT/latest/en-US/f9f8d7a2b3e14c8f9a7d6c3e2b3f5d1a.html