What is accrual amount in SAP LO-CMM - Commodity Management in Logistics?

SAP Term: accrual amount

• Component: LO-CMM

• Component Name: Commodity Management in Logistics

• Description: Commodity Management in Logistik Difference amount calculated from the anticipated final invoice and the amount already posted. In purchasing, the system also takes into account the open amount on the goods receipt / invoice receipt clearing account.

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• Key Concepts: 
  Accrual amount is a term used in the Logistics component of SAP, specifically in the Commodity Management module (LO-CMM). It is the amount of money that is set aside for a particular purpose, such as a payment or an expense. This amount is not yet due, but it is expected to be paid or incurred in the future. 
  
  How to use it: 
  In SAP, accrual amounts are used to track and manage payments and expenses. When an accrual amount is created, it is recorded in the system and can be tracked over time. This allows users to keep track of their expected payments and expenses and ensure that they are paid on time. 
  
  Tips & Tricks: 
  When creating an accrual amount in SAP, it is important to make sure that all of the necessary information is included. This includes the date of the accrual, the amount of money being set aside, and any other relevant details. Additionally, it is important to keep track of any changes that are made to the accrual amount over time. 
  
  Related Information: 
  Accrual amounts are closely related to other financial terms such as liabilities and assets. Liabilities are amounts that are owed by a company, while assets are amounts that are owned by a company. Accrual amounts can be thought of as a combination of both liabilities and assets, as they represent money that is expected to be paid or incurred in the future.