What is 'negative grace days' in SAP PSM-FG - Functions for U.S. Federal Government?

negative grace days - Overview

• Component: PSM-FG

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

• Description: The number of business days between the time an agency of the US federal government makes a payment run and the date the federal treasury actually makes the payment.

negative grace days - Details

• 
  Key Concepts: 
  Negative grace days are a feature of the PSM-FG Functions for U.S. Federal Government component of SAP. This feature allows users to enter a negative number of days in the grace period field when creating a payment plan. This allows the payment plan to be created with a start date that is earlier than the due date, which can be useful for certain scenarios. 
  
  How to use it: 
  To use negative grace days, users must first create a payment plan in SAP. When creating the payment plan, users can enter a negative number of days in the grace period field. This will cause the start date of the payment plan to be earlier than the due date. 
  
  Tips & Tricks: 
  When using negative grace days, it is important to remember that the start date of the payment plan will be earlier than the due date. This can be useful for certain scenarios, but it is important to make sure that this is what you want before creating the payment plan. 
  
  Related Information: 
  For more information about negative grace days and other features of PSM-FG Functions for U.S. Federal Government, please refer to SAP's official documentation on this component.