What is agreement order in SAP PSM-FM - Funds Management?

SAP Term: agreement order

• Component: PSM-FM

• Component Name: Funds Management

• Description: A funds commitment document that represents a commitment in to future payments in FI.

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• Key Concepts: 
  An agreement order is a document used in SAP Funds Management (PSM-FM) to record the details of an agreement between two parties. It is used to define the terms and conditions of a contract, such as the amount of money to be paid, the payment schedule, and any other relevant information. The agreement order is then used to generate invoices and payments.
  
  How to use it: 
  To create an agreement order in SAP Funds Management, you must first enter the details of the agreement into the system. This includes the amount of money to be paid, the payment schedule, and any other relevant information. Once this is done, you can generate an agreement order document that can be used to track payments and invoices.
  
  Tips & Tricks: 
  When creating an agreement order in SAP Funds Management, it is important to ensure that all of the details are accurate and up-to-date. This will help ensure that payments are made on time and that invoices are generated correctly. Additionally, it is important to keep a copy of the agreement order for your records.
  
  Related Information: 
  For more information on using agreement orders in SAP Funds Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature in SAP.