How can be or in what way baseline date is important in Automatic Payment Program run?

The Baseline date is used to calculate the due date by taking into account the payment terms. On the APP, the baseline date helps to pick the relevant invoices for payment. During the APP run when invoices are pulled into the run, the system checks the ‘Next Payment Date’ before picking the invoices to be paid.

About Manoj Kanwar Rathore

I am Manoj Kanwar Rathore. I am a SAP FICO Consultant, Chartered Accountant, certified IFRS and certified SOX professional. I have passion to work on SAP ERP, reading books and learning/sharing peers/my knowledge.

Posted on January 8, 2011, in SAP FI. Bookmark the permalink. Leave a comment.

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