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

SAP Term: ending balance

• Component: SBO

• Component Name: SAP Business One

• Description: The amount of money that is stated on a bank statement as the amount of money present in a bank account at the end of the period covered by that bank statement.

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• Key Concepts: 
  Ending balance is a term used in SAP Business One (SBO) to refer to the amount of money that remains in an account after all transactions have been completed. It is the difference between the total debits and credits for a given period. The ending balance is also known as the closing balance or net balance. 
  
  How to use it: 
  In SBO, the ending balance can be found on the Balance Sheet report. This report shows the total debits and credits for a given period, as well as the ending balance. The ending balance can also be found on the Profit & Loss report, which shows the total income and expenses for a given period, as well as the net income or loss. 
  
  Tips & Tricks: 
  It is important to keep track of your ending balance in order to ensure that your financial records are accurate. If your ending balance does not match your expected amount, it could indicate an error in your accounting records. 
  
  Related Information: 
  For more information about ending balances in SBO, please refer to SAP’s official documentation on Balance Sheet Reports and Profit & Loss Reports.