What is payment date in SAP FS-AM - Account Management?

SAP Term: payment date

• Component: FS-AM

• Component Name: Account Management

• Description: The date on which a due payment is scheduled, meaning on which the payment is expected. The payment date is derived from the due date, taking account of any working day shift.

Smart SAP Assistant

• Key Concepts: 
  Payment date is a term used in the FS-AM Account Management component of SAP. It is the date on which a payment is due or expected to be received. This date is used to track payments and ensure that they are received on time. 
  
  How to use it: 
  In SAP, payment dates are set up in the FS-AM Account Management component. This component allows users to set up payment terms and conditions, such as the payment date, payment amount, and payment method. Once these terms are set up, they can be used to track payments and ensure that they are received on time. 
  
  Tips & Tricks: 
  It is important to keep track of payment dates in order to ensure that payments are received on time. To do this, users should set up reminders for themselves or use automated reminders from SAP. Additionally, users should review their payment terms regularly to ensure that they are up-to-date and accurate. 
  
  Related Information: 
  For more information about setting up payment terms in SAP, please refer to the SAP Help documentation. Additionally, there are many online resources available that provide detailed instructions on how to use the FS-AM Account Management component of SAP.