What is year-end balance for BL accounts in SAP PSM-FM - Funds Management?

SAP Term: year-end balance for BL accounts

• Component: PSM-FM

• Component Name: Funds Management

• Description: The reduction to zero of the account balance for a certain account group at the end of a fiscal year. By doing so, the account balance carried forward is "reset" to zero. Then only the line items and totals of the corresponding year are displayed. Creating the year-end balance for BL accounts is one of the tasks of the year-end closing procedure.

Smart SAP Assistant

• Key Concepts: 
  Year-end balance for BL accounts is a term used in SAP Funds Management (PSM-FM) to refer to the balance of a budget line (BL) account at the end of a fiscal year. This balance is calculated by taking the total amount of funds allocated to the account during the year and subtracting any expenses incurred from it. The resulting balance is then carried over to the next fiscal year. 
  
  How to use it: 
  In order to calculate the year-end balance for a BL account, users must first access the Funds Management module in SAP. From there, they can select the budget line account they wish to view and then view its current balance. They can then add up all of the funds allocated to that account during the year and subtract any expenses incurred from it. The resulting number is the year-end balance for that BL account. 
  
  Tips & Tricks: 
  It is important to remember that the year-end balance for a BL account does not include any funds that may have been allocated but not yet used. Therefore, users should make sure to include all funds allocated during the year when calculating the year-end balance. 
  
  Related Information: 
  The year-end balance for a BL account is an important metric for understanding how much money is available for use in the next fiscal year. It can also be used to compare budget performance between different years or different budget lines. Additionally, it can be used to identify areas where funds may need to be reallocated in order to better meet organizational goals.