What is credit balance in SAP SBO - SAP Business One?

SAP Term: credit balance

• Component: SBO

• Component Name: SAP Business One

• Description: An account balance in the account holder's favor.

Smart SAP Assistant

• Key Concepts: 
  Credit balance is a term used in SAP Business One (SBO) to refer to the amount of money that a customer owes to the company. It is the difference between the total amount of money that a customer has paid and the total amount of money that they owe. 
  
  How to use it: 
  In SBO, credit balance is used to track customer payments and debts. It is calculated by subtracting the total amount of money that a customer has paid from the total amount of money that they owe. This information can be found in the Accounts Receivable module. 
  
  Tips & Tricks: 
  It is important to keep track of credit balance in order to ensure that customers are paying their debts on time. It is also important to monitor credit balance in order to identify any potential issues with customers’ payments. 
  
  Related Information: 
  Credit balance is related to other terms such as accounts receivable, accounts payable, and customer payments. It is also related to other modules such as Sales and Purchasing.