What is late recovery in SAP FS-TXS - Funding Management?

SAP Term: late recovery

• Component: FS-TXS

• Component Name: Funding Management

• Description: Loan liability transaction. In the case of a loss allocation, the payments default recoveries are applied against the asset, which investors have initially and contractually invested in.

Smart SAP Assistant

• Key Concepts: 
  Late recovery is a feature of the FS-TXS Funding Management component of SAP. It allows users to recover funds that have been allocated to a project or activity after the original budget has been exceeded. This feature helps to ensure that funds are not wasted and that projects are completed on time and within budget. 
  
  How to use it: 
  To use late recovery, users must first identify the project or activity for which they wish to recover funds. They then need to enter the amount of funds they wish to recover and select the “Late Recovery” option from the menu. The system will then calculate the amount of funds that can be recovered and display it on the screen. The user can then confirm the recovery and the funds will be transferred back to their account. 
  
  Tips & Tricks: 
  When using late recovery, it is important to ensure that all relevant information is entered correctly. This includes the amount of funds to be recovered, as well as any other details related to the project or activity. Additionally, it is important to keep track of all transactions related to late recovery, as this will help in ensuring that all funds are properly accounted for. 
  
  Related Information: 
  For more information about late recovery in SAP FS-TXS Funding Management, please refer to the official SAP documentation. Additionally, there are many online resources available which provide detailed instructions on how to use this feature.