What is 'deferral date' in SAP FS-AM - Account Management?

deferral date - Overview

• Component: FS-AM

• Component Name: Account Management

• Description: The date to which the open item is deferred.The defferal date falls after the initial due date.

deferral date - Details

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  Key Concepts: 
  A deferral date is a feature in the FS-AM Account Management component of SAP that allows users to set a specific date for when a payment should be made. This feature is useful for managing cash flow and ensuring that payments are made on time. 
  
  How to use it: 
  To use the deferral date feature, users must first select the payment they wish to defer. Then, they can enter the desired deferral date in the appropriate field. Once the deferral date is set, the payment will be processed on that date. 
  
  Tips & Tricks: 
  It is important to note that the deferral date must be set before the payment is due. If the payment is already overdue, then the deferral date cannot be used. Additionally, users should ensure that they have sufficient funds available on the deferral date to cover the payment. 
  
  Related Information: 
  The deferral date feature is part of SAP's FS-AM Account Management component, which provides users with a comprehensive suite of tools for managing their accounts and payments. Other features of this component include account reconciliation, payment processing, and more.