What is aging parameters in SAP PSM-FG - Functions for U.S. Federal Government?

SAP Term: aging parameters

• Component: PSM-FG

• Component Name: Functions for U.S. Federal Government

• Description: Data entered in Federal Government Debt Management to clarify which invoices are due and when. This is done by specify a number of intervals, each a given number of days long, and grouping the invoices into those intervals. Example Number of days: 10 Number of intervals: 3 The aging information is displayed as follows: Interval 1: Invoices 0-10 days old Interval 2: Invoices 11-20 days old Interval 3: Invoices 21-30 days old Interval 4: Invoices over 30 days old

Smart SAP Assistant

• Key Concepts: 
  Aging parameters are used in the PSM-FG Functions for U.S. Federal Government component of SAP to determine the age of an asset or liability. The age of an asset or liability is determined by the number of days since it was acquired or incurred. The aging parameters are used to define the time periods for which assets and liabilities are reported. 
  
  How to use it: 
  The aging parameters are used to define the time periods for which assets and liabilities are reported. For example, if an aging parameter is set to 30 days, then any asset or liability that has been acquired or incurred within the last 30 days will be reported in that time period. The aging parameters can be adjusted to meet the reporting requirements of a particular organization. 
  
  Tips & Tricks: 
  When setting up aging parameters, it is important to consider the reporting requirements of the organization. It is also important to consider how often the aging parameters need to be adjusted in order to ensure accurate reporting. 
  
  Related Information: 
  For more information on setting up aging parameters in SAP, please refer to the SAP Help documentation on PSM-FG Functions for U.S. Federal Government.