What is accrual/deferral in SAP FS-PE - Payment Engine?

SAP Term: accrual/deferral

• Component: FS-PE

• Component Name: Payment Engine

• Description: Enables the correct income to be determined for the accounting period. Receipts and expenditures are assigned to the period in which they arose to determine the expenses and revenues. Flows are generated by the accrual/deferral, and are transferred to Financial Accounting.

Smart SAP Assistant

• Key Concepts: 
  Accrual/deferral is a feature of the SAP FS-PE Payment Engine that allows for the recognition of revenue and expenses at different points in time. This is done by creating an accrual or deferral document that records the difference between the actual payment date and the date when the revenue or expense was incurred. The accrual/deferral document is then posted to the general ledger, allowing for accurate financial reporting. 
  
  How to use it: 
  To use the accrual/deferral feature of the SAP FS-PE Payment Engine, first create an accrual or deferral document. This document should include information such as the date of the transaction, the amount of the transaction, and any other relevant details. Once this document is created, it can be posted to the general ledger. This will allow for accurate financial reporting and will ensure that all transactions are accounted for in a timely manner. 
  
  Tips & Tricks: 
  When creating an accrual or deferral document, it is important to ensure that all relevant information is included. This includes not only the date and amount of the transaction, but also any other details that may be relevant to the transaction. Additionally, it is important to ensure that all documents are posted to the general ledger in a timely manner in order to ensure accurate financial reporting. 
  
  Related Information: 
  For more information on using the accrual/deferral feature of SAP FS-PE Payment Engine, please refer to SAP’s official documentation on this topic. Additionally, there are many online resources available that provide detailed tutorials and tips on how to use this feature effectively.