What is predefined value date in SAP FS-PE - Payment Engine?

SAP Term: predefined value date

• Component: FS-PE

• Component Name: Payment Engine

• Description: A value date that is already defined for a payment item before the processing of the payment order of this item has started in the system.

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• Key Concepts: 
  Predefined value date is a feature of the SAP FS-PE Payment Engine that allows users to set a specific date for payment transactions. This date is used as the default value for all payment transactions, and can be changed manually if needed. The predefined value date is used to ensure that payments are made on time and to the correct account. 
  
  How to use it: 
  The predefined value date can be set in the SAP FS-PE Payment Engine by navigating to the “Payment Settings” tab. From there, select “Predefined Value Date” and enter the desired date. This date will then be used as the default value for all payment transactions. 
  
  Tips & Tricks: 
  It is important to remember that the predefined value date should be set in advance of when payments are due. This will ensure that payments are made on time and to the correct account. Additionally, it is important to double-check that the predefined value date is correct before processing any payments. 
  
  Related Information: 
  For more information on how to use the predefined value date feature of the SAP FS-PE Payment Engine, please refer to the official SAP documentation. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to use this feature.