What is deferral in SAP IS-U-CA - Contract Accounts Receivable and Payable?

SAP Term: deferral

• Component: IS-U-CA

• Component Name: Contract Accounts Receivable and Payable

• Description: Postponement of a receivable's due date.

Smart SAP Assistant

• Key Concepts: 
  Deferral is a feature in the IS-U-CA Contract Accounts Receivable and Payable component of SAP that allows customers to pay for goods or services over a period of time. This feature allows customers to spread out their payments, making it easier for them to manage their finances. 
  
  How to use it: 
  To use the deferral feature, customers must first set up a payment plan with the vendor. The vendor will then enter the payment plan into SAP, which will calculate the amount due each month and generate invoices accordingly. Customers can then make payments according to the payment plan. 
  
  Tips & Tricks: 
  It is important to ensure that all payment plans are entered correctly into SAP in order for the deferral feature to work properly. Additionally, customers should keep track of their payments and make sure they are up-to-date in order to avoid any late fees or penalties. 
  
  Related Information: 
  The deferral feature is part of the IS-U-CA Contract Accounts Receivable and Payable component of SAP. Other features of this component include billing, invoicing, and payment processing. Additionally, this component is integrated with other SAP modules such as Financial Accounting and Controlling.