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

SAP Term: value date

• Component: FS-PE

• Component Name: Payment Engine

• Description: Time as of which a business transaction becomes interest effective.

Smart SAP Assistant

• Key Concepts: 
  Value date is a term used in the SAP FS-PE Payment Engine component. It is the date on which a payment is due or when a payment is expected to be received. It is also known as the settlement date or maturity date. The value date is used to determine when a payment should be made or received, and it is usually set by the sender or receiver of the payment. 
  
  How to use it: 
  In SAP FS-PE Payment Engine, the value date is used to determine when a payment should be made or received. The value date can be set by either the sender or receiver of the payment. When setting the value date, it should be taken into account that payments may take several days to process and clear. 
  
  Tips & Tricks: 
  When setting the value date, it is important to consider any potential delays in processing and clearing payments. It is also important to ensure that the value date is set correctly, as incorrect dates can lead to delays in payments being made or received. 
  
  Related Information: 
  The value date is closely related to other terms such as settlement date and maturity date. It is also related to other concepts such as payment processing and clearing times. Understanding these concepts can help ensure that payments are made and received on time.