What is markdown in SAP FS-PE - Payment Engine?

SAP Term: markdown

• Component: FS-PE

• Component Name: Payment Engine

• Description: Defines the value to be subtracted from the base time to calculate the planned execution time and the planned closing date.

Smart SAP Assistant

• Key Concepts: 
  Markdown is a feature of the FS-PE Payment Engine component of SAP. It allows users to reduce the amount of money owed on an invoice by a certain percentage. This is useful for customers who are unable to pay the full amount due, as it allows them to pay a reduced amount and still settle their debt. 
  
  How to use it: 
  To use markdown, users must first select the invoice they wish to apply the markdown to. Then, they must enter the percentage of the markdown they wish to apply. The system will then calculate the new amount due and update the invoice accordingly. 
  
  Tips & Tricks: 
  It is important to note that markdown can only be applied to invoices that have not yet been paid in full. Additionally, it is important to ensure that the markdown percentage entered is accurate, as this will affect the amount due on the invoice. 
  
  Related Information: 
  For more information on markdown and other features of the FS-PE Payment Engine component of SAP, please refer to the official SAP documentation.