What is 'reported but not due' in SAP FS-BA-PM-SFA - Smart Accounting for Financial Instruments?

reported but not due - Overview

• Component: FS-BA-PM-SFA

• Component Name: Smart Accounting for Financial Instruments

• Description: Reported but not due: BECF lifecycle stage in which incurred insurance claims are reported but the claim payments are not yet due. Premium payments are invoiced.

reported but not due - Details

• 
  Key Concepts: 
  Reported but not due is a term used in the FS-BA-PM-SFA Smart Accounting for Financial Instruments component of SAP. It refers to a situation where a financial instrument has been reported to the accounting system, but the payment for the instrument has not yet been received. This can occur when a customer has purchased a financial instrument, but the payment has not yet been received by the seller. 
  
  How to use it: 
  In order to use this term, it is important to understand how it applies to the FS-BA-PM-SFA Smart Accounting for Financial Instruments component of SAP. This component is used to track and manage financial instruments, such as stocks, bonds, and other investments. When a customer purchases a financial instrument, the transaction is reported to the accounting system, but the payment may not yet have been received by the seller. In this case, the transaction is considered “reported but not due”. 
  
  Tips & Tricks: 
  When dealing with reported but not due transactions in SAP, it is important to ensure that all necessary information is accurately recorded in order to avoid any potential issues or discrepancies. Additionally, it is important to keep track of any changes in the status of reported but not due transactions in order to ensure that all payments are received in a timely manner. 
  
  Related Information: 
  For more information