What is 'payment arrears' in SAP FS-BA-SD - Source Data?

payment arrears - Overview

• Component: FS-BA-SD

• Component Name: Source Data

• Description: The difference between the actual balance and the target balance of a financial transaction on a specific date. This difference can be determined in the source system.

payment arrears - Details

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  Key Concepts: 
  Payment arrears is a term used in SAP Financial Services (FS) Bank Accounting (BA) and Sales and Distribution (SD) Source Data. It refers to the situation when a customer has not paid an invoice within the agreed upon payment terms. This can result in a negative balance in the customer’s account. 
  
  How to use it: 
  In SAP FS-BA-SD Source Data, payment arrears can be managed by setting up payment terms for customers. This will ensure that customers are aware of when payments are due and can help to avoid any negative balances. Payment arrears can also be monitored by running reports on customer accounts to identify any overdue payments. 
  
  Tips & Tricks: 
  It is important to keep track of payment arrears in order to maintain a healthy cash flow. To do this, it is recommended to set up automated reminders for customers who have overdue payments. This will help to ensure that payments are made on time and any negative balances are avoided. 
  
  Related Information: 
  For more information on payment arrears in SAP FS-BA-SD Source Data, please refer to the SAP Help Portal or contact your local SAP support team.