What is available balance in SAP FS-CML - Loans Management?

SAP Term: available balance

• Component: FS-CML

• Component Name: Loans Management

• Description: Amount of a line of credit that is actually available for transactions. The amount is calculated as the difference between the amount of the credit limit minus the amount already advanced to the customer.

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• Key Concepts: 
  Available balance is a term used in the FS-CML Loans Management component of SAP. It is the amount of money that is available to be used for loan payments or other transactions. It is calculated by subtracting the total amount of outstanding loans from the total amount of available funds. 
  
  How to use it: 
  The available balance can be used to determine how much money is available for loan payments or other transactions. It can also be used to track the progress of loan payments and ensure that all payments are made on time. 
  
  Tips & Tricks: 
  It is important to keep track of the available balance in order to ensure that all loan payments are made on time and that there are sufficient funds available for other transactions. Additionally, it is important to monitor the available balance regularly in order to ensure that it remains within acceptable limits. 
  
  Related Information: 
  The available balance is closely related to other terms such as loan balance, total outstanding loans, and total available funds. It is important to understand how these terms are related in order to effectively manage loans and other transactions.