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

SAP Term: value dating

• Component: FS-PE

• Component Name: Payment Engine

• Description: Determination of a value date for a payment item. If a specified value date is not used in the payment order, the following formula is used for calculating the value date of a payment item: Value date = basis value date +/- markup/markdown.

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• Key Concepts: 
  Value dating is a feature of the SAP FS-PE Payment Engine that allows users to specify a payment date for a payment transaction. This feature allows users to set a payment date in the future, which can be used to take advantage of favorable exchange rates or other financial benefits. 
  
  How to use it: 
  To use value dating, users must first set up the payment transaction in the SAP system. Once the transaction is set up, users can select the “Value Date” option from the Payment Engine menu. This will open a window where users can enter the desired payment date. Once the date is entered, the payment transaction will be processed on that date. 
  
  Tips & Tricks: 
  When using value dating, it is important to keep in mind that some banks may charge additional fees for processing payments on certain dates. It is also important to ensure that the payment date is within the bank’s processing window, as payments outside of this window may not be processed. 
  
  Related Information: 
  For more information about value dating and other features of the SAP FS-PE Payment Engine, please refer to the official SAP documentation.