What is posting date for end-of-day processing in SAP FS-AM - Account Management?

SAP Term: posting date for end-of-day processing

• Component: FS-AM

• Component Name: Account Management

• Description: The posting date that specifies the default value for the posting date of payment items that are usually posted in the context of end-of-day processing. Up until Release 620, this posting date was called the posting date for settlement postings. From Release 630, this term is no longer used in .

Smart SAP Assistant

• Key Concepts: 
  Posting date for end-of-day processing is a feature of the FS-AM Account Management component of SAP. It allows users to set a specific date for the system to process all transactions that have been entered into the system up until that date. This ensures that all transactions are processed in a timely manner and that the system is up-to-date with the latest information. 
  
  How to use it: 
  To use the posting date for end-of-day processing feature, users must first set a specific date in the system. This can be done by navigating to the FS-AM Account Management component and selecting the “Posting Date” option. Once a date has been selected, all transactions entered into the system up until that date will be processed on that day. 
  
  Tips & Tricks: 
  It is important to remember to set a posting date for end-of-day processing regularly, as this will ensure that all transactions are processed in a timely manner and that the system is up-to-date with the latest information. Additionally, it is important to note that any transactions entered after the posting date will not be processed until the next day. 
  
  Related Information: 
  For more information on how to use the posting date for end-of-day processing feature, please refer to SAP’s official documentation on FS-AM Account Management. Additionally, there are many online tutorials and videos available which provide step-by-step instructions on how to use this feature.