What is opening balance in SAP FS-LMS - Liquidity Management Suite?

SAP Term: opening balance

• Component: FS-LMS

• Component Name: Liquidity Management Suite

• Description: The balance at a channel, depository, or customer account at the start of daily business processing.

Smart SAP Assistant

• Key Concepts: 
  Opening balance is a term used in the FS-LMS Liquidity Management Suite of SAP software. It is the amount of money that is available in a company's accounts at the beginning of a period, such as a fiscal year or quarter. This amount is used to calculate the net change in the company's liquidity over the period. 
  
  How to use it: 
  The opening balance can be used to track changes in liquidity over time. It can also be used to compare liquidity between different periods, such as between two different fiscal years. The opening balance can also be used to calculate the net change in liquidity for a given period. 
  
  Tips & Tricks: 
  When calculating the opening balance, it is important to include all sources of liquidity, such as cash, investments, and loans. It is also important to ensure that all transactions are accounted for, such as payments and receipts. 
  
  Related Information: 
  The opening balance is closely related to other financial concepts, such as cash flow and working capital. It is also related to other SAP software components, such as the FS-LMS Cash Management Suite and the FS-LMS Treasury Management Suite.