What is balance due in SAP IS-R-POS - Point of Sale?

SAP Term: balance due

• Component: IS-R-POS

• Component Name: Point of Sale

• Description: The layaway amount remaining after deducting all payments made from the layaway total.

Smart SAP Assistant

• Key Concepts: 
  Balance due is a term used in the SAP IS-R-POS Point of Sale system to refer to the amount of money that a customer still owes after making a purchase. It is calculated by subtracting the amount paid from the total amount due. 
  
  How to use it: 
  When a customer makes a purchase, the cashier will enter the total amount due into the system. The customer will then make their payment, and the cashier will enter the amount paid into the system. The balance due will then be automatically calculated and displayed on the screen. 
  
  Tips & Tricks: 
  It is important to ensure that the balance due is accurate before closing out a transaction. If there is an error in the calculation, it can lead to incorrect accounting records and customer dissatisfaction. 
  
  Related Information: 
  The balance due feature is part of SAP's IS-R-POS Point of Sale system, which also includes features such as inventory management, customer loyalty programs, and payment processing. It is designed to help businesses streamline their sales process and improve customer service.