What is actual record in SAP FS-CML - Loans Management?

SAP Term: actual record

• Component: FS-CML

• Component Name: Loans Management

• Description: A flow that has been posted document.

Smart SAP Assistant

• Key Concepts: 
  Actual record is a term used in the FS-CML Loans Management component of SAP. It is a record that contains the actual values of a loan, such as the amount, interest rate, and repayment terms. It also includes information about the borrower, such as their name, address, and contact information. 
  
  How to use it: 
  Actual records are used to track the progress of a loan. They are updated as payments are made and can be used to calculate the remaining balance of a loan. They can also be used to generate reports on loan performance and to identify any potential issues with a loan. 
  
  Tips & Tricks: 
  It is important to keep actual records up-to-date in order to accurately track the progress of a loan. It is also important to review actual records regularly in order to identify any potential issues with a loan. 
  
  Related Information: 
  For more information on actual records in SAP FS-CML Loans Management, please refer to the SAP Help documentation.