What is 'cash balancing' in SAP SRD-CRM-INV - CRM-Customer Invoice?

cash balancing - Overview

• Component: SRD-CRM-INV

• Component Name: CRM-Customer Invoice

• Description: A cash transaction performed at the point of sale where the cash register amount counted manually is balanced against the amount expected in an external system. The result is then transferred to the backend system.

cash balancing - Details

• 
  Key Concepts: 
  Cash balancing is a process in SAP that allows customers to pay their invoices in a timely manner. It is a feature of the SRD-CRM-INV CRM-Customer Invoice component of SAP. Cash balancing helps to ensure that customers are paying their invoices on time and that the company is receiving the payments it is owed. 
  
  How to use it: 
  Cash balancing can be used by setting up a payment plan for customers. This payment plan can be set up to automatically deduct payments from customers’ accounts on a regular basis. The payment plan can also be set up to allow customers to make manual payments when they are able. 
  
  Tips & Tricks: 
  When setting up a payment plan for cash balancing, it is important to make sure that the payment plan is flexible enough to accommodate any changes in the customer’s financial situation. It is also important to make sure that the payment plan is easy for customers to understand and follow. 
  
  Related Information: 
  Cash balancing is an important part of managing customer invoices in SAP. It helps to ensure that customers are paying their invoices on time and that the company is receiving the payments it is owed. Other features of the SRD-CRM-INV CRM-Customer Invoice component of SAP include invoice management, customer account management, and payment processing.