What is period of use in SAP FS-AM-PR-CD - Financial Condition?

SAP Term: period of use

• Component: FS-AM-PR-CD

• Component Name: Financial Condition

• Description: This period determines the intervals at which a condition is to be calculated. The period of use for transaction charges specifies the period for which specific counters must be considered.

Smart SAP Assistant

• Key Concepts: 
  Period of use is a term used in the Financial Condition Contract component of SAP. It is a period of time during which a contract is valid and can be used to define the duration of a contract. It is also used to determine when a contract should be renewed or terminated. 
  
  How to use it: 
  In SAP, the period of use can be set up in the Financial Condition Contract component. This can be done by entering the start and end dates for the period of use. The period of use can also be set up to automatically renew or terminate at certain points in time. 
  
  Tips & Tricks: 
  When setting up the period of use, it is important to make sure that the start and end dates are accurate. This will ensure that the contract is valid for the correct amount of time and that it will not be terminated prematurely or renewed too late. 
  
  Related Information: 
  The period of use is closely related to other terms such as contract duration, renewal date, and termination date. These terms are all used to define when a contract should start, end, or be renewed or terminated.