What is execution date in SAP FS-PE - Payment Engine?

SAP Term: execution date

• Component: FS-PE

• Component Name: Payment Engine

• Description: The date on which a certain transaction or task is carried out.

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• Key Concepts: 
  Execution date is a term used in the SAP FS-PE Payment Engine component. It is the date on which a payment order is to be executed. This date is set by the user when creating the payment order and can be changed at any time before the payment order is executed. 
  
  How to use it: 
  When creating a payment order in the SAP FS-PE Payment Engine component, the user will be prompted to enter an execution date. This date should be set to the date on which the payment order should be executed. The execution date can be changed at any time before the payment order is executed. 
  
  Tips & Tricks: 
  It is important to ensure that the execution date is set correctly, as this will determine when the payment order is executed. If the execution date is set too far in advance, it may not be executed in time for the desired payment. 
  
  Related Information: 
  The execution date is related to other terms such as due date and value date. The due date is the date on which a payment must be made, while the value date is the date on which funds are available for use.