What is balance sheet value per account in SAP MM-IV - Invoice Verification?

SAP Term: balance sheet value per account

• Component: MM-IV

• Component Name: Invoice Verification

• Description: The balance sheet values are determined for each account in the balance sheet valuation procedure. These reflect stock values, commercial law valuation approaches, and differences for stock accounts of the selected material.

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• Key Concepts: 
  Balance sheet value per account is a term used in SAP's MM-IV Invoice Verification component. It is the total value of all open items in an account, including both debit and credit items. This value is used to determine the financial status of an account and can be used to compare the current balance with the balance from previous periods.
  
  How to use it: 
  In order to view the balance sheet value per account, users must first access the MM-IV Invoice Verification component in SAP. Once there, users can select the “Balance Sheet Value per Account” option from the menu. This will display a list of all open items in an account, along with their respective values. The total of these values will be displayed as the balance sheet value per account. 
  
  Tips & Tricks: 
  It is important to note that the balance sheet value per account does not include any closed items. Therefore, users should ensure that all open items are included when calculating this value. Additionally, users should also take into account any pending transactions that may affect the balance sheet value per account. 
  
  Related Information: 
  The balance sheet value per account is closely related to other financial terms such as net worth and liquidity ratio. Understanding these terms can help users better understand the financial status of an account and make more informed decisions.