What is periodic settlement date in SAP (FS-AM - Account Management)?

SAP Term: periodic settlement date

• Component: FS-AM

• Component Name: Account Management

• Description: A date for the settlement of accounts that recurs regularly. The system calculates the dates from the settlement time periods.

Smart SAP Assistant

• Key Concepts: 
  Periodic settlement date is a feature of the FS-AM Account Management component of SAP. It is used to define the date on which a periodic settlement should take place. This date is used to determine when the system should process the periodic settlement and when it should be posted to the general ledger. 
  
  How to use it: 
  The periodic settlement date can be set up in the FS-AM Account Management component of SAP. To do this, go to the “Periodic Settlement” tab in the “Accounts” section. Here, you can enter the desired date for the periodic settlement. Once this is done, the system will automatically process and post the periodic settlement on that date. 
  
  Tips & Tricks: 
  It is important to ensure that the periodic settlement date is set correctly in order for the system to process and post it correctly. It is also important to note that if a periodic settlement is not processed on its due date, it will be automatically processed on the next available business day. 
  
  Related Information: 
  For more information about setting up periodic settlements in SAP, please refer to SAP Help documentation or contact your local SAP support team.