What is backdated change in SAP FS-AM-EP-ST - Settlement?

SAP Term: backdated change

• Component: FS-AM-EP-ST

• Component Name: Settlement

• Description: A change made to master data on a date that is before the last settlement date or billing date. Backdated changes can affect the following master data: Limit Payment agreement Individual and standard conditions Condition group in the contract Reference interest rate Product pricing list Business partner standard price Pricing agreement Business partner hierarchy for pricing

Smart SAP Assistant

• Key Concepts: 
  Backdated change is a feature in the FS-AM-EP-ST Settlement component of SAP that allows users to make changes to a settlement document after it has been posted. This feature allows users to make changes to the document without having to delete and re-enter the entire document. 
  
  How to use it: 
  To use the backdated change feature, users must first open the settlement document they wish to edit. Once the document is open, users can select the “Backdated Change” option from the menu. This will open a window where users can enter the new information they wish to add or change. Once all changes have been made, users can save and post the document. 
  
  Tips & Tricks: 
  When using the backdated change feature, it is important to remember that any changes made will be applied retroactively. This means that any changes made will affect all documents that have been posted since the original document was created. It is also important to note that any changes made will not be visible until the document is posted. 
  
  Related Information: 
  For more information on how to use the backdated change feature in SAP, please refer to SAP’s official documentation on the topic. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to use this feature.