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

value date interval - Overview

• Component: FS-PE

• Component Name: Payment Engine

• Description: Defines the range max and min of the value date interval. These fields max and min are relative to the posting date.

value date interval - Details

• 
  Key Concepts: 
  Value date interval is a feature of the SAP FS-PE Payment Engine that allows users to define a range of dates for payment processing. This range is used to determine when payments should be processed and when they should be posted. The value date interval is set up in the system configuration and can be adjusted as needed. 
  
  How to use it: 
  The value date interval is set up in the system configuration. It can be adjusted by entering a start date and an end date for the payment processing period. The system will then process payments within this range. The value date interval can also be adjusted on a per-payment basis, allowing users to specify different payment dates for different payments. 
  
  Tips & Tricks: 
  When setting up the value date interval, it is important to consider the payment terms of each payment. This will ensure that payments are processed on time and that any late payments are flagged for review. Additionally, it is important to ensure that the value date interval does not overlap with other payment processing periods, as this could lead to duplicate payments or incorrect postings. 
  
  Related Information: 
  The value date interval is closely related to the payment terms of each payment. It is important to understand how these two features interact in order to ensure that payments are