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

SAP Term: value date and time

• Component: FS-PE

• Component Name: Payment Engine

• Description: Denotes the posting time at a specified posting date at which the interest is credited to or debited from the customer's bank account.

Smart SAP Assistant

• Key Concepts: 
  Value date and time is a term used in the SAP FS-PE Payment Engine component. It is the date and time when a payment is due to be made or received. This date and time is used to determine when a payment should be processed and when it should be settled. 
  
  How to use it: 
  In the SAP FS-PE Payment Engine component, the value date and time is used to determine when a payment should be processed and when it should be settled. The value date and time can be set manually or automatically based on the payment type. For example, if the payment type is “immediate”, then the value date and time will be set to the current date and time. 
  
  Tips & Tricks: 
  When setting the value date and time for a payment, it is important to ensure that it is set correctly. If the value date and time is set incorrectly, then the payment may not be processed or settled on time. 
  
  Related Information: 
  For more information about value date and time in SAP FS-PE Payment Engine, please refer to the SAP Help documentation.