What is accrued interest on arrears in SAP FS-AM - Account Management?

SAP Term: accrued interest on arrears

• Component: FS-AM

• Component Name: Account Management

• Description: Posted interest on arrears and the corresponding share of unposted interest on arrears for the analysis period from the term start until the key date.

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• Key Concepts: 
  Accrued interest on arrears is a term used in the SAP FS-AM Account Management component. It refers to the interest that accumulates on an unpaid debt or loan. This interest is calculated based on the amount of time that has passed since the debt was incurred and the applicable interest rate. 
  
  How to use it: 
  In SAP FS-AM Account Management, accrued interest on arrears can be calculated by entering the amount of the debt, the applicable interest rate, and the length of time since the debt was incurred. The system will then calculate the total amount of interest that has accrued on the debt. 
  
  Tips & Tricks: 
  It is important to keep track of accrued interest on arrears in order to ensure that all debts are paid in a timely manner. This will help to avoid any additional fees or penalties that may be incurred due to late payments. 
  
  Related Information: 
  For more information about accrued interest on arrears in SAP FS-AM Account Management, please refer to the official SAP documentation.