What is plan statement in SAP (FS-MCM-PDM - Payment Distribution and Monitoring)?

SAP Term: plan statement

• Component: FS-MCM-PDM

• Component Name: Payment Distribution and Monitoring

• Description: Bank statement for a plan.

Smart SAP Assistant

• Key Concepts: 
  A plan statement is a document used in the FS-MCM-PDM Payment Distribution and Monitoring component of SAP. It is used to define the payment terms and conditions for a particular vendor or customer. The plan statement contains information such as payment due dates, payment amounts, and payment methods. 
  
  How to Use it: 
  To create a plan statement, go to the SAP menu and select the “Payment Distribution and Monitoring” component. Then select “Plan Statement” from the list of options. Enter the necessary information such as payment due dates, payment amounts, and payment methods. Once all of the information is entered, click “Save” to create the plan statement. 
  
  Tips & Tricks: 
  When creating a plan statement, it is important to double-check all of the information entered to ensure accuracy. Additionally, it is important to keep track of any changes made to the plan statement over time so that it can be updated accordingly. 
  
  Related Information: 
  For more information on plan statements in SAP, please refer to the SAP Help documentation or contact your local SAP support team.