What is credit in SAP SRD-CRM-ACC - FDN-Account Management?

SAP Term: credit

• Component: SRD-CRM-ACC

• Component Name: FDN-Account Management

• Description: An arrangement for the deferred payment of goods and services.

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• Key Concepts: 
  Credit is a financial term used to describe the ability of a customer to borrow money from a lender. In SAP, credit is used to manage customer accounts and determine the amount of credit that can be extended to customers. Credit is also used to track customer payments and ensure that customers are paying their bills on time. 
  
  How to use it: 
  In SAP, credit is managed through the SRD-CRM-ACC FDN-Account Management component. This component allows users to set up customer accounts, view customer credit limits, and track customer payments. It also allows users to set up payment plans and manage customer accounts in order to ensure that customers are paying their bills on time. 
  
  Tips & Tricks: 
  When setting up customer accounts in SAP, it is important to set realistic credit limits for each customer. This will help ensure that customers are not overextending themselves financially and will help prevent any potential issues with late payments. Additionally, it is important to regularly review customer accounts and payment histories in order to ensure that customers are staying within their credit limits and making timely payments. 
  
  Related Information: 
  For more information about managing customer accounts in SAP, please refer to the SRD-CRM-ACC FDN-Account Management documentation. Additionally, for more information about financial terms such as credit, please refer to the Financial Dictionary provided by Investopedia.