What is end date of commitment in SAP FS-AM-OM-AC - Account Order?

SAP Term: end date of commitment

• Component: FS-AM-OM-AC

• Component Name: Account Order

• Description: The loans commitment capital is available for disbursement until this date. Beyond this date there will be no further disbursement related to the contract. The clerk can then choose to reduce the commitment capital, or change the end date to a point in the future. This is done with the consent of the customer.

Smart SAP Assistant

• Key Concepts: 
  The end date of commitment is a field in the FS-AM-OM-AC Account Order Commitment component of SAP. It is used to indicate the date on which a commitment will end. This date is used to determine when an order should be completed and when any associated costs should be settled. 
  
  How to use it: 
  The end date of commitment is used to set a timeline for an order. When creating an order, the user should enter the end date of commitment in the appropriate field. This will ensure that the order is completed by the specified date and that any associated costs are settled in a timely manner. 
  
  Tips & Tricks: 
  It is important to ensure that the end date of commitment is accurate and up-to-date. This will help to ensure that orders are completed on time and that any associated costs are settled in a timely manner. 
  
  Related Information: 
  The end date of commitment is related to other fields in the FS-AM-OM-AC Account Order Commitment component, such as the start date of commitment and the total cost of commitment. These fields should be updated regularly to ensure that orders are completed on time and that any associated costs are settled in a timely manner.