What is effective date in SAP CA - Cross-Application Components?

SAP Term: effective date

• Component: CA

• Component Name: Cross-Application Components

• Description: The calendar day upon which something applies.

Smart SAP Assistant

• Key Concepts: 
  Effective date is a term used in SAP's CA Cross-Application Components. It is the date on which a particular action or event takes effect. This date is used to determine when a certain action or event should be applied or executed. For example, when creating a new contract, the effective date is the date on which the contract will become active. 
  
  How to use it: 
  When creating a new contract, the user must enter an effective date. This date will determine when the contract will become active and when it will expire. The user can also enter an expiration date, which is the date on which the contract will end. The effective date and expiration date must be entered in order for the contract to be valid. 
  
  Tips & Tricks: 
  When entering an effective date, it is important to make sure that it is accurate and up-to-date. If the effective date is incorrect, then the contract may not be valid or may not take effect as expected. It is also important to make sure that the expiration date is entered correctly so that the contract does not expire prematurely. 
  
  Related Information: 
  The effective date is an important concept in SAP's CA Cross-Application Components and should be understood before creating any contracts or agreements. It is also important to understand how to use other features of SAP's CA Cross-Application Components such as creating and managing contracts, setting up payment terms, and managing customer relationships.