What is posted interest on arrears in SAP FS-AM - Account Management?

SAP Term: posted interest on arrears

• Component: FS-AM

• Component Name: Account Management

• Description: Interest on arrears still to be paid. The system includes the turnovers of the interest on arrears to be paid that are in the Posted status.

Smart SAP Assistant

• Key Concepts: 
  Posted interest on arrears is a feature of the SAP FS-AM Account Management component. It allows for the calculation and posting of interest on overdue payments. This feature helps to ensure that customers are not charged more than the agreed-upon interest rate for late payments. 
  
  How to use it: 
  To use this feature, you must first set up the interest calculation parameters in the system. This includes setting the interest rate, the payment terms, and any other relevant information. Once these parameters are set up, the system will automatically calculate and post the interest on overdue payments. 
  
  Tips & Tricks: 
  It is important to ensure that the interest calculation parameters are set up correctly in order to ensure accurate calculations and postings. Additionally, it is important to regularly review and update these parameters as needed to ensure that customers are not being charged more than the agreed-upon rate. 
  
  Related Information: 
  For more information about posted interest on arrears, please refer to SAP's documentation on FS-AM Account Management. Additionally, you can find more information about setting up and managing interest calculation parameters in SAP's help documentation.