What is 'accounting event date' in SAP FI-LOC - Localization?

accounting event date - Overview

• Component: FI-LOC

• Component Name: Localization

• Description: Date of the accounting event.

accounting event date - Details

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  Key Concepts: 
  Accounting event date is a term used in SAP's FI-LOC Localization component. It is the date on which an accounting event occurs, such as a payment or invoice. This date is used to determine the accounting period in which the event should be recorded. 
  
  How to use it: 
  The accounting event date is used to determine the accounting period in which an event should be recorded. This date can be entered manually or automatically when creating an accounting document. The system will then use this date to determine the correct accounting period for the document. 
  
  Tips & Tricks: 
  When entering an accounting event date manually, it is important to ensure that it is accurate and up-to-date. This will ensure that the system records the event in the correct accounting period. 
  
  Related Information: 
  The accounting event date is closely related to other terms such as posting date and document date. The posting date is the date on which an accounting document is posted to the general ledger, while the document date is the date on which an accounting document was created.