What is 'processing date' in SAP FS-PE - Payment Engine?

processing date - Overview

• Component: FS-PE

• Component Name: Payment Engine

• Description: Date on which processing has actually taken place.

processing date - Details

• 
  Key Concepts: 
  Processing date is a term used in the SAP FS-PE Payment Engine component. It is the date on which a payment is processed and the funds are transferred from one account to another. The processing date is usually the same as the posting date, but it can be different depending on the payment method used. 
  
  How to use it: 
  The processing date is used to determine when a payment will be processed and when funds will be transferred. It is important to ensure that the processing date is correct, as incorrect dates can lead to delays in payments or incorrect payments being made. The processing date can be set manually or automatically, depending on the payment method used. 
  
  Tips & Tricks: 
  When setting the processing date manually, it is important to ensure that it is set correctly. It should be set to a date that is at least one day before the expected payment date, as this will ensure that the payment is processed in time. 
  
  Related Information: 
  The processing date is related to other terms such as posting date and payment date. The posting date is the date on which a payment is posted to an account, while the payment date is the expected date on which funds will be transferred from one account to another.