What is standing order with variable amount in SAP FS-AM-OM-SO - Standing Order?

SAP Term: standing order with variable amount

• Component: FS-AM-OM-SO

• Component Name: Standing Order

• Description: Standing order that has at least one recipient item with a variable amount. The transfer amount is calculated on the basis of the current account balance to which the standing order is assigned as well as the following parameters: Base amount, percentage execution, minimum amount and maximum amount. This is done each time the standing order is executed.

Smart SAP Assistant

• Key Concepts: 
  A standing order with variable amount is a type of payment order in SAP Financial Services (FS-AM-OM-SO) that allows customers to set up a recurring payment with an amount that can vary from one payment to the next. This type of payment order is useful for customers who need to make payments with different amounts, such as rent payments or loan payments. 
  
  How to use it: 
  To set up a standing order with variable amount, customers must first create a payment order in SAP FS-AM-OM-SO. The customer must then specify the payment frequency, the start date, and the end date of the payment order. The customer must also specify the maximum and minimum amounts that can be paid for each payment. Once the payment order is created, the customer can then enter the amount for each payment. 
  
  Tips & Tricks: 
  When setting up a standing order with variable amount, it is important to ensure that the maximum and minimum amounts are set correctly. This will help ensure that payments are made correctly and on time. Additionally, customers should always double check their payment orders before submitting them to ensure accuracy. 
  
  Related Information: 
  For more information about setting up a standing order with variable amount in SAP FS-AM-OM-SO, please refer to the SAP Help documentation. Additionally, customers can contact their local SAP support team for assistance with setting up their payment orders.