What is value date in SAP FS-BA-PM-AFP - Accounting for Financial Products?

SAP Term: value date

• Component: FS-BA-PM-AFP

• Component Name: Accounting for Financial Products

• Description: Date on which inflows to and outflows from an account become effective, or on which the rights to inflows to or outflows from a securities account become effective. The value date is used for accruals and deferrals.

Smart SAP Assistant

• Key Concepts: 
  Value date is a term used in the Accounting for Financial Products (AFP) component of SAP's Financial Services (FS) Business Application (BA). It is the date on which a financial transaction is recorded in the books of accounts. It is also known as the settlement date or the maturity date. 
  
  How to use it: 
  In SAP, value date is used to record financial transactions in the books of accounts. It is used to determine when a transaction should be recorded and when it should be settled. The value date can be set manually or automatically based on the terms of the transaction. 
  
  Tips & Tricks: 
  When setting the value date, it is important to ensure that it is set correctly. This will ensure that all transactions are recorded accurately and that they are settled on time. 
  
  Related Information: 
  Value date is closely related to other terms such as settlement date, maturity date, and due date. These terms are all used to determine when a financial transaction should be recorded and when it should be settled.