What is payment on written-off receivables in SAP FS-AM - Account Management?

SAP Term: payment on written-off receivables

• Component: FS-AM

• Component Name: Account Management

• Description: An incoming payment for a receivable that has already been written off as non-collectible.

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• Key Concepts: 
  Payment on written-off receivables is a feature of the SAP FS-AM Account Management component. It allows companies to write off receivables that are unlikely to be collected and still receive payment for them. This is done by transferring the receivables to a third party, such as a collection agency, who will then attempt to collect the debt. The company will receive a percentage of the amount collected, minus any fees associated with the transfer. 
  
  How to use it: 
  To use this feature, companies must first identify which receivables are unlikely to be collected. Once these receivables have been identified, they can be transferred to a third party using the FS-AM Account Management component. The company will then receive payment for the receivables, minus any fees associated with the transfer. 
  
  Tips & Tricks: 
  It is important to ensure that all necessary information is included when transferring receivables to a third party. This includes the amount of the receivable, any fees associated with the transfer, and any other relevant information. Additionally, it is important to ensure that all parties involved in the transfer are aware of their responsibilities and obligations. 
  
  Related Information: 
  For more information on payment on written-off receivables, please refer to SAP's documentation on FS-AM Account Management. Additionally, there are many online resources available that provide further information on this topic.