What is 'postdate' in SAP FI - Financial Accounting?

postdate - Overview

• Component: FI

• Component Name: Financial Accounting

• Description: To enter a date on a document that is later than the date on which it is created -- a date that occurs sometime in the future.

postdate - Details

• 
  Key Concepts: 
  Postdate is a feature in SAP Financial Accounting (FI) that allows users to enter a document with a future date. This feature is useful for entering documents that are not yet due, such as invoices or payments. The document will be stored in the system with the future date, and will be processed when the due date arrives. 
  
  How to use it: 
  To use postdate, users must first enter the document into the system with the future date. The document will then be stored in the system until the due date arrives. When the due date arrives, the document will be processed automatically. 
  
  Tips & Tricks: 
  When using postdate, it is important to remember that the document will not be processed until the due date arrives. Therefore, it is important to ensure that all documents are entered into the system with accurate dates. 
  
  Related Information: 
  Postdate is related to other features in SAP Financial Accounting (FI), such as payment terms and payment blocks. Payment terms allow users to specify when payments are due, while payment blocks prevent payments from being processed until certain conditions are met.