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

SAP Term: accrual/deferral item

• Component: FS-PE

• Component Name: Payment Engine

• Description: Accrual is a process to create accrual orders for posting to an account management system in order to balance the general ledger at the end of the day. Each accrual type is mapped to a possible technical status of payment items.

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• Key Concepts: 
  Accrual/deferral items are a type of accounting transaction used in the SAP FS-PE Payment Engine. They are used to record the timing differences between when a transaction is recorded and when it is actually paid or received. This allows for more accurate financial reporting and better cash flow management. 
  
  How to use it: 
  Accrual/deferral items can be used to record transactions that have not yet been paid or received. This can be done by entering the transaction into the system as an accrual/deferral item. The system will then automatically adjust the accounts accordingly when the payment is made or received. 
  
  Tips & Tricks: 
  When entering an accrual/deferral item, it is important to ensure that all of the necessary information is included. This includes the date of the transaction, the amount, and any other relevant details. Additionally, it is important to ensure that the accounts being adjusted are correct and up-to-date. 
  
  Related Information: 
  Accrual/deferral items are just one of many features available in the SAP FS-PE Payment Engine. Other features include payment processing, reconciliation, and reporting. Additionally, there are a variety of other accounting transactions available in SAP, such as journal entries and bank transfers.