What is non-approved overdraft in SAP FS-AM-IM-IT - Payment Items?

SAP Term: non-approved overdraft

• Component: FS-AM-IM-IT

• Component Name: Payment Items

• Description: Amount an account is overdrawn in excess of the internal limit and any tolerated amounts.

Smart SAP Assistant

• Key Concepts: 
  Non-approved overdraft is a payment item in the SAP Financial Accounting (FI) module. It is used to record payments that exceed the available funds in an account. This type of payment is not approved by the bank and must be settled within a certain period of time. 
  
  How to use it: 
  In order to use non-approved overdraft, you must first set up the payment item in the SAP system. This can be done by navigating to the FS-AM-IM-IT Payment Items menu and selecting the Non-Approved Overdraft option. Once this is done, you can enter the details of the payment, such as the amount, date, and account number. 
  
  Tips & Tricks: 
  It is important to note that non-approved overdrafts should only be used for short-term payments and should not be used as a long-term financing solution. Additionally, it is important to ensure that all payments are settled within the specified period of time in order to avoid any penalties or fees from the bank. 
  
  Related Information: 
  For more information on non-approved overdrafts, please refer to SAP’s documentation on Payment Items (FS-AM-IM-IT). Additionally, you can find more information on other payment items in SAP’s Financial Accounting (FI) module.