What is 'paid-by date' in SAP FS-CD - Collections/Disbursements?

paid-by date - Overview

• Component: FS-CD

• Component Name: Collections/Disbursements

• Description: The date up to which all open items for an insurance object are cleared, in seamless chronological order. The system uses the due date of the items to determine the date. The date is determined in the collections/disbursements system and can be evaluated in the policy management system.

paid-by date - Details

• 
  Key Concepts: 
  Paid-by date is a term used in the SAP FS-CD Collections/Disbursements component. It is the date by which a payment must be received in order to avoid any late payment fees or penalties. It is also known as the due date. 
  
  How to use it: 
  In SAP FS-CD, the paid-by date is used to determine when a payment must be received in order to avoid any late payment fees or penalties. The paid-by date can be set manually or automatically based on the payment terms of the customer. 
  
  Tips & Tricks: 
  It is important to keep track of the paid-by dates for all customers in order to ensure that payments are received on time and any late payment fees or penalties are avoided. 
  
  Related Information: 
  The paid-by date is related to other terms such as due date, payment terms, and late payment fees or penalties. It is important to understand these terms in order to effectively manage payments in SAP FS-CD.