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Function documentation Value Dates Locate the document in its SAP Library structure

Use

Value dates are the number of days that elapse between the posting date of the payment run and the value date at the bank.

Value dates are used by the payment program in two different ways:

You define the value dates either based on your experience of previous payments made with that payment method, bank account, payment amount and currency (see the figure below), or you can allow the value date to be determined automatically by the system, which will use a bank calendar and individual agreements with the bank as decision criteria.

This graphic is explained in the accompanying text

Example

Payments that are made by transfer are debited from your bank account on the next day. This occurs regardless of the amount. That means that for payments made with this payment method, the money must be available the next day. For this payment method, you should enter 1 in the field Days to value date (see the figure above). The period within which a check is cashed can be dependent on the amount. For amounts of up to 5,000 USD, the time between the posting date and the value date is three days. For all other amounts, the value date is within two days of the posting date (see the figure above).

 

 

 

 

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