What is aging increment in SAP FI-GL-GL - Basic Functions?

SAP Term: aging increment

• Component: FI-GL-GL

• Component Name: Basic Functions

• Description: Degree that is used to rate for long how a receivable has been overdue.

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• Key Concepts: 
  Aging increment is a feature in SAP Financial Accounting (FI-GL-GL Basic Functions) that allows users to set up a payment plan for customers. It allows users to set up a payment plan with multiple due dates and amounts, and to track the progress of payments. The aging increment feature also allows users to set up automatic reminders for customers who have not yet paid their invoices. 
  
  How to use it: 
  To use the aging increment feature, users must first set up a payment plan for their customers. This can be done by entering the customer's details, the amount due, and the due date. Once this is done, users can then set up an aging increment for each payment. This will allow them to track the progress of payments and send out automatic reminders when payments are overdue. 
  
  Tips & Tricks: 
  When setting up an aging increment, it is important to ensure that the due dates are realistic and achievable. This will help ensure that customers are able to make their payments on time and avoid any late fees or penalties. Additionally, it is important to keep track of customer payments and send out reminders when necessary. 
  
  Related Information: 
  For more information on how to use the aging increment feature in SAP Financial Accounting, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_FINANCIAL_ACCOUNTING/80000001/en-US