What is outstanding amount in SAP SBO - SAP Business One?

SAP Term: outstanding amount

• Component: SBO

• Component Name: SAP Business One

• Description: The amount of money that is owed by a debtor and has not yet been paid.

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• Key Concepts: 
  Outstanding amount is a term used in SAP Business One (SBO) to refer to the total amount of money that a customer owes to a business. This amount is calculated by subtracting the total payments made by the customer from the total invoices issued by the business. 
  
  How to use it: 
  In SAP Business One, outstanding amount can be found in the Accounts Receivable (AR) module. This module allows users to view all invoices issued to customers and all payments received from them. The outstanding amount can be calculated by subtracting the total payments from the total invoices. 
  
  Tips & Tricks: 
  It is important to keep track of outstanding amounts in order to ensure that customers are paying their invoices on time. To do this, users can set up automated reminders for customers who have overdue payments. This will help ensure that customers are paying their invoices in a timely manner. 
  
  Related Information: 
  In addition to tracking outstanding amounts, SAP Business One also allows users to manage customer accounts and view customer payment history. This information can be used to identify customers who are not paying their invoices on time and take appropriate action.