What is 'billing date' in SAP FS-CML - Loans Management?

billing date - Overview

• Component: FS-CML

• Component Name: Loans Management

• Description: Date on which the lender generates a bill.

billing date - Details

• 
  Key Concepts: 
  Billing date is a term used in the FS-CML Loans Management component of SAP. It is the date on which a loan payment is due. The billing date is typically set when the loan is created and can be changed at any time. 
  
  How to use it: 
  In order to use the billing date feature, you must first create a loan in SAP. Once the loan has been created, you can set the billing date by selecting the “Billing Date” field in the loan details page. You can then enter the desired date for when the loan payment is due. 
  
  Tips & Tricks: 
  It is important to keep track of your billing dates in order to ensure that payments are made on time. You can set up reminders in SAP to help you remember when payments are due. Additionally, you can set up automatic payments so that payments are made automatically on the billing date. 
  
  Related Information: 
  For more information about setting up loans and managing payments in SAP, please refer to the FS-CML Loans Management documentation.