What is main due date in SAP FS-PM - Policy Management?

SAP Term: main due date

• Component: FS-PM

• Component Name: Policy Management

• Description: Recurring annual date in a policy, which is the start of the insurance year. Most contracts that start within a calendar year run until the same date in the following year. This date then corresponds to the main due date. Auto insurance: An auto insurance policy that starts mid-year only runs until 31/12 of that calendar year, and then continues to run according to calendar years. In this case, the main due date is then 01/01.

Smart SAP Assistant

• Key Concepts: 
  The main due date in SAP FS-PM Policy Management is the date by which a policy must be completed. It is the most important date associated with a policy and is used to determine when the policy should be completed. The main due date is set by the policy owner and can be changed at any time. 
  
  How to use it: 
  The main due date can be set when creating a new policy or when editing an existing policy. To set the main due date, select the “Main Due Date” field in the policy editor and enter the desired date. The main due date can also be changed at any time by selecting the “Edit” button in the policy editor and entering a new date. 
  
  Tips & Tricks: 
  It is important to set a realistic main due date for each policy. Setting an unrealistic main due date can lead to delays in completing the policy and can cause confusion among users. It is also important to remember that the main due date can be changed at any time, so it is important to keep track of any changes that are made. 
  
  Related Information: 
  For more information on setting and changing the main due date in SAP FS-PM Policy Management, please refer to the SAP Help documentation.