Hierarchy
⤷ PSM-FM-PO (Application Component) Funds Management-Specific Postings
⤷ FMKW (Package) IS-PS: Fiscal Cash Accounting
Basic Data
Data Element | FM_GP_MONTHS |
Short Description | Grace Period In Months |
Data Type
Category of Dictionary Type | D | Domain |
Type of Object Referenced | No Information | |
Domain / Name of Reference Type | MONAT | |
Data Type | NUMC | Character string with only digits |
Length | 2 | |
Decimal Places | 0 | |
Output Length | 2 | |
Value Table |
Further Characteristics
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Parameter ID | ||
Default Component name | ||
Change document | ||
No Input History | ||
Basic direction is set to LTR | ||
No BIDI Filtering |
Field Label
Length | Field Label | |
Short | 10 | Months |
Medium | 15 | Months |
Long | 20 | Months |
Heading | 2 | M |
Documentation
Definition
Use
In this field, you enter the number of months that should be considered during the calculation of the grace period for documents of the document type specified (generally payments).
If a payment whose document type has a grace period is not made by the due date of the invoice, but is paid within the grace period, it is regarded as being paid on time. During the calculation of the public law dunning interest (penalty charges) the payment is treated as if it were made by the due date of the invoice.
The grace period begins on the day after the due date, that is, in the overdue period. If the end of the grace period is on a weekend or a public holiday the end of the period is moved to the next working day.
Dependencies
You can also enter a grace period in days. Make an entry in the field "Grace Period in Days".
Example
An invoice is due on 6/4, a partial payment with document type X is made on 20/4. You have entered a grace period of one month for document type X. The grace period begins on 7/4 and ends on 6/5. As the payment from 20/4 was made within the grace period it is treated as if it were paid on 6/4. The dunning interest is calculated on the remaining amount, not on the complete invoice amount.
History
Last changed by/on | SAP | 20011120 |
SAP Release Created in | 110 |