What is 'previous payment' in SAP IS-PS-4S - Social Services and Social Security?

previous payment - Overview

• Component: IS-PS-4S

• Component Name: Social Services and Social Security

• Description: The amount paid to a payment recipient in a former benefit decision.

previous payment - Details

• 
  Key Concepts: 
  Previous payment is a term used in the SAP IS-PS-4S Social Services and Social Security component. It refers to the payment that was made prior to the current payment. This could be a payment made in the past month, quarter, or year. 
  
  How to use it: 
  Previous payment can be used to track payments made in the past and compare them to current payments. This can be done by accessing the SAP system and viewing the payment history. The payment history will show all payments made, including the previous payment. 
  
  Tips & Tricks: 
  When viewing the payment history, it is important to note that payments are listed in chronological order. This means that the most recent payment will be listed first, followed by the previous payment. It is also important to note that payments may be listed under different categories, such as “monthly” or “quarterly” payments. 
  
  Related Information: 
  The SAP IS-PS-4S Social Services and Social Security component also includes other features such as budgeting, forecasting, and reporting. These features can be used to help manage finances and ensure that payments are being made on time. Additionally, this component can be used to track payments made by different entities, such as government agencies or private companies.