What is 'short/over amount' in SAP IS-R - SAP for Retail?

short/over amount - Overview

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail The difference between the actual balance amount and the system amount.

short/over amount - Details

• 
  Key Concepts: 
  Short/over amount is a term used in the IS-R SAP for Retail component. It is used to describe the difference between the expected and actual amount of money received from a customer. This difference can be either a positive or negative amount. 
  
  How to use it: 
  The short/over amount is calculated by subtracting the expected amount from the actual amount received. If the difference is positive, it is referred to as an “over” amount, and if it is negative, it is referred to as a “short” amount. This difference can be used to adjust the customer’s account balance or to make corrections in the accounting system. 
  
  Tips & Tricks: 
  When calculating the short/over amount, it is important to ensure that all transactions are accounted for and that all amounts are accurate. It is also important to keep track of any adjustments made to the customer’s account balance due to the short/over amount. 
  
  Related Information: 
  The short/over amount can also be used in other components of SAP, such as FI-CA (Financial Accounting for Contract Accounts Receivable and Payable). It can also be used in other accounting systems, such as QuickBooks or Xero.