What is deposit date in SAP SRD-FIN-MOP - FIN-Payment Management?

SAP Term: deposit date

• Component: SRD-FIN-MOP

• Component Name: FIN-Payment Management

• Description: The date a payment is lodged or deposited with a house bank.

Smart SAP Assistant

• Key Concepts: 
  The deposit date in SAP is the date when a payment is expected to be received by the vendor. It is used to track payments and ensure that they are received on time. The deposit date is also used to calculate the due date for payments, which is the date when the payment must be made. 
  
  How to use it: 
  In SAP, the deposit date can be set when creating a payment request. This can be done by entering the expected date of receipt in the “Deposit Date” field. The deposit date can also be changed after the payment request has been created, by selecting the “Change” option in the “Payment Request” tab. 
  
  Tips & Tricks: 
  It is important to ensure that the deposit date is accurate, as this will affect when payments are due and when they are received. It is also important to keep track of any changes to the deposit date, as this may affect other payments or processes that rely on it. 
  
  Related Information: 
  The deposit date is part of SAP’s Payment Management component (SRD-FIN-MOP FIN-Payment Management). This component allows users to manage payments and track their progress. It also provides tools for creating payment requests, tracking payments, and managing payment terms.