What is reversal date in SAP FS-PM - Policy Management?

SAP Term: reversal date

• Component: FS-PM

• Component Name: Policy Management

• Description: Date in journal management that fixes the exact time of reversal for journal entries.

Smart SAP Assistant

• Key Concepts: 
  Reversal date is a feature in SAP FS-PM Policy Management that allows users to reverse a payment or document that has already been posted. This feature is useful for correcting errors or reversing payments that have been made in error. The reversal date is the date on which the reversal will take place. 
  
  How to use it: 
  To use the reversal date feature, users must first select the payment or document they wish to reverse. Then, they must enter the reversal date in the appropriate field. Once the reversal date has been entered, the payment or document will be reversed on that date. 
  
  Tips & Tricks: 
  It is important to note that the reversal date must be entered before the payment or document is posted. If the payment or document has already been posted, it cannot be reversed using this feature. 
  
  Related Information: 
  For more information about using the reversal date feature in SAP FS-PM Policy Management, please refer to the official SAP documentation.