What is deferral installment in SAP FS-AM-OM-AC - Account Order?

SAP Term: deferral installment

• Component: FS-AM-OM-AC

• Component Name: Account Order

• Description: An outstanding payment according to a deferral plan. The deferral installment contains both principal and interest.

Smart SAP Assistant

• Key Concepts: 
  Deferral installment is a feature of SAP Account Order Management (FS-AM-OM-AC) that allows customers to pay for goods or services in installments. This feature allows customers to spread out the cost of a purchase over a period of time, making it easier for them to manage their finances. 
  
  How to use it: 
  To use the deferral installment feature, customers must first select the option when making a purchase. They will then be asked to provide information about their payment plan, such as the number of installments and the amount of each installment. Once this information is provided, the customer will be able to complete their purchase and begin making payments according to their plan. 
  
  Tips & Tricks: 
  When using the deferral installment feature, it is important to make sure that all payments are made on time. Late payments can result in additional fees or penalties, so it is important to keep track of payment due dates and make sure that payments are made on time. 
  
  Related Information: 
  For more information about the deferral installment feature, customers can contact their SAP Account Order Management representative or visit the SAP website for more information. Additionally, customers can find helpful tutorials and FAQs on the SAP website that can help them better understand how to use this feature.