SAP ABAP IMG Activity SIMG_PSFMG_V_FM023B (Maintain Minimum and Maximum Penalty Amounts)
Hierarchy
☛EA-PS (Software Component) SAP Enterprise Extension Public Services ⤷PSM-FM (Application Component) Funds Management ⤷FMFG_E (Package) US Federal Government budgetary ledger account derivation
Hypertext: Object Class - Class to which a document belongs.
Document Name
SIMG_PSFMG_V_FM023B
This step allows you to define a minimum and a maximum amount for the penalty charges for each company code. The program derives the currency for these amounts from the defined company code. If a company's payment of an invoice which is subject to the Prompt Payment Act is late, resulting in penalty charges, the percentage of the penalty interest to be paid is determined by the settings you have made in this step: Only penalty interests lying within the given interval must be paid.
If the calculated penalty charges are less than the minimum amount, the "Prompt Payment Act" program sets the penalty interest to zero.
Standard settings
SAP does not provide any standard settings.
Activities
Define the minimum and maximum amounts for penalty interests.
Further notes
Further information on the calculation of penalty charges is available in the SAP Library under Financials -> Public Sector Management -> US Federal Government -> Prompt Payment Act.