What is interest penalty in SAP FS-AM - Account Management?

SAP Term: interest penalty

• Component: FS-AM

• Component Name: Account Management

• Description: Zins, den ein Kunde für die vorzeitige Verfügung dh. vor Ablauf der vereinbarten Kündigungsfrist einer Spareinlage zahlen muss.

Smart SAP Assistant

• Key Concepts: 
  Interest penalty is a feature of the FS-AM Account Management component of SAP. It is used to calculate and apply interest penalties to overdue payments. The interest penalty rate is set by the user and can be applied to any overdue payments. 
  
  How to use it: 
  In order to use the interest penalty feature, the user must first set the interest penalty rate. This can be done in the FS-AM Account Management settings. Once the rate has been set, the user can then apply it to any overdue payments. The interest penalty will be calculated automatically and applied to the payment. 
  
  Tips & Tricks: 
  It is important to ensure that the interest penalty rate is set correctly in order for it to be applied correctly. Additionally, it is important to keep track of any overdue payments in order to ensure that the interest penalty is applied in a timely manner. 
  
  Related Information: 
  For more information on how to use the interest penalty feature in FS-AM Account Management, please refer to SAP's documentation on the topic. Additionally, there are many online resources available that provide further information on how to use this feature.