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

SAP Term: value date agreement

• Component: FS-PE

• Component Name: Payment Engine

• Description: Agreement about how the value date of a payment item is to be calculated. Value date agreements are grouped in value date rule sets.

Smart SAP Assistant

• Key Concepts: 
  Value date agreement is a feature of the SAP FS-PE Payment Engine that allows users to specify a payment date for a payment transaction. This payment date is known as the value date. The value date agreement ensures that the payment transaction is processed on the specified date, regardless of when it was initiated. 
  
  How to use it: 
  To use the value date agreement feature, users must first create a payment transaction in the SAP system. Once the payment transaction has been created, users can specify a value date for the transaction. This value date must be within the valid range of dates specified by the system. Once the value date has been set, the payment transaction will be processed on that date regardless of when it was initiated. 
  
  Tips & Tricks: 
  When setting a value date for a payment transaction, it is important to ensure that the specified date is within the valid range of dates specified by the system. If the specified date is outside of this range, then the payment transaction will not be processed on that date. Additionally, it is important to note that some payment transactions may require additional processing time before they are completed. 
  
  Related Information: 
  For more information about using the value date agreement feature in SAP FS-PE Payment Engine, please refer to SAP Help documentation or contact your local SAP support team.