What is inheritance share in SAP FS-MCM-PDM - Payment Distribution and Monitoring?

SAP Term: inheritance share

• Component: FS-MCM-PDM

• Component Name: Payment Distribution and Monitoring

• Description: Beneficiary share of plan asset value of the inherited plan in percent.

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• Key Concepts: 
  Inheritance share is a feature of the FS-MCM-PDM Payment Distribution and Monitoring component of SAP. It allows users to define a percentage of the total payment amount that is to be distributed to each recipient. This percentage is referred to as the inheritance share. 
  
  How to use it: 
  In order to use inheritance share, users must first define the total payment amount and the percentage of that amount that is to be distributed to each recipient. This can be done in the FS-MCM-PDM Payment Distribution and Monitoring component of SAP. Once the percentages have been defined, the system will automatically calculate and distribute the payments accordingly. 
  
  Tips & Tricks: 
  When setting up inheritance share, it is important to ensure that all percentages add up to 100%. This will ensure that all payments are distributed correctly and that no money is left unaccounted for. Additionally, it is important to remember that inheritance share can only be used for payments that are made in full. Partial payments cannot be distributed using this feature. 
  
  Related Information: 
  Inheritance share is related to other features of the FS-MCM-PDM Payment Distribution and Monitoring component of SAP, such as payment splitting and payment distribution rules. These features can be used in conjunction with inheritance share in order to further customize payment distributions.