What is fixed value date in SAP SD - Sales and Distribution?

SAP Term: fixed value date

• Component: SD

• Component Name: Sales and Distribution

• Description: The date on which the terms of payment in the sales document header become effective.

Smart SAP Assistant

• Key Concepts: 
  Fixed value date is a feature in SAP Sales and Distribution (SD) that allows users to set a specific date for a document or transaction. This date is used to determine the validity of the document or transaction and can be used to control the flow of goods and services. The fixed value date is also used to calculate the due date for payments. 
  
  How to use it: 
  In SAP SD, the fixed value date can be set in the document header or item level. To set the fixed value date, go to the document header or item level and select “Fixed Value Date” from the drop-down menu. Enter the desired date and save the changes. The fixed value date will now be used for all subsequent transactions related to this document or item. 
  
  Tips & Tricks: 
  When setting a fixed value date, it is important to consider the validity of the document or transaction. If the fixed value date is set too far in advance, it may become invalid before it is used. It is also important to consider any payment terms associated with the document or transaction when setting a fixed value date. 
  
  Related Information: 
  For more information on using fixed value dates in SAP SD, please refer to SAP Help documentation. Additionally, there are many online resources available that provide detailed instructions on how to use this feature in SAP SD.