What is bank statement time periods in SAP FS-AM-IM - Item Management?

SAP Term: bank statement time periods

• Component: FS-AM-IM

• Component Name: Item Management

• Description: Specifies the frequency in which a bank statement is to be created. The following attributes belong to a time period: Period Period unit day, week ... Next due date Key date Day of the week

Smart SAP Assistant

• Key Concepts: 
  Bank statement time periods are used in the FS-AM-IM Item Management component of SAP to define the time period for which a bank statement is valid. This time period is used to determine when a bank statement should be processed and when it should be archived. 
  
  How to use it: 
  In order to use bank statement time periods, you must first define the time period in the system. This can be done by going to the “Define Bank Statement Time Periods” transaction in the FS-AM-IM Item Management component. Once the time period is defined, it can be used to process and archive bank statements. 
  
  Tips & Tricks: 
  When defining a bank statement time period, it is important to ensure that the start and end dates are correct. This will ensure that all bank statements are processed and archived correctly. 
  
  Related Information: 
  For more information on how to use bank statement time periods in SAP, please refer to the SAP Help documentation for FS-AM-IM Item Management.