What is funded account (balance transfer) in SAP FS-MCM-BT - Balance Transfer?

SAP Term: funded account (balance transfer)

• Component: FS-MCM-BT

• Component Name: Balance Transfer

• Description: An account that profits from the balance of one or more funding accounts when the debit interest is calculated. During a balance transfer, the system adheres to defined rules such as the maximum amount and can reduce the calculation base for debit interest for the funded loan account. It can also suppress calculation of credit interest for the funding accounts. &EXAMPLE& A checking or savings account is used as funding account. A loan account is used as funded account. When it calculates the debit interest for the loan, the system takes account of the credit balance of the checking or savings account.

Smart SAP Assistant

• Key Concepts: 
  A funded account (balance transfer) is a type of account in SAP that allows for the transfer of funds from one account to another. This type of account is typically used when a company needs to move money from one account to another, such as when transferring funds from a savings account to a checking account. The FS-MCM-BT Balance Transfer component in SAP allows for the transfer of funds between accounts. 
  
  How to use it: 
  To use the FS-MCM-BT Balance Transfer component in SAP, first log into your SAP system and navigate to the FS-MCM-BT Balance Transfer component. Once there, you will be able to enter the details of the accounts you wish to transfer funds between. You will then be able to enter the amount of money you wish to transfer and confirm the transaction. 
  
  Tips & Tricks: 
  When using the FS-MCM-BT Balance Transfer component in SAP, it is important to double check all of your entries before confirming the transaction. This will help ensure that you are transferring the correct amount of money between the correct accounts. Additionally, it is important to keep track of all transactions made with this component so that you can easily reference them in the future if needed. 
  
  Related Information: 
  For more information on using the FS-MCM-BT Balance Transfer component in SAP, please refer to the official SAP documentation or contact your system administrator. Additionally, there are many online resources available that provide tutorials and tips on using this component.