What is legal due date in SAP SRD-FIN-GL - FIN-General Ledger?

SAP Term: legal due date

• Component: SRD-FIN-GL

• Component Name: FIN-General Ledger

• Description: The date specified by legal authorities on which payment of an invoice is due.

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• Key Concepts: 
  Legal due date is a term used in SAP General Ledger Accounting to refer to the date on which a payment must be made in order to avoid legal penalties. This date is determined by the payment terms of the invoice and is usually set by the vendor. 
  
  How to use it: 
  In SAP General Ledger Accounting, legal due dates are used to ensure that payments are made on time. When an invoice is created, the legal due date is automatically calculated based on the payment terms of the invoice. This date can then be used to ensure that payments are made before the legal due date. 
  
  Tips & Tricks: 
  It is important to keep track of legal due dates in order to avoid any legal penalties. To make sure that payments are made on time, it is recommended to set up reminders for yourself or your team members when an invoice is created. 
  
  Related Information: 
  For more information about legal due dates in SAP General Ledger Accounting, please refer to the SAP Help documentation.