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Former Member

fbzp value date

hi,

in fbzp bank determination, there is a tab for value date.

may i know what is this for? the column 'Number of Days to Value Date' is meant for what?

i read the F1 help but still cannot understand.

thanks

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    author's profile photo Former Member
    Former Member
    Posted on Feb 23, 2009 at 11:06 AM

    Hi,

    The field 'Value Date' is relevant for Cash Management and Forecasting. I am trying to explain this term in a simpler manner.

    when I make a payment to a vendor, there is a probable date when I expect him to be presenting his cheque (for instance, if I am using Payment method 'C') to the bank. And that is the date when I need this amount to be available in my Bank Account. Assume that I give a cheque to my vendor today for Rs 1 Lac and expect him to present this cheque in his bank account on month end, I need not maintain Rs 1 Lac in the bank account till beore the month end. This helps in forecasting the amount which needs to be available in my bank account on a particular date. If I mention a Value date as '1' days, the forecasting system needs to understand that this payment needs to be provided for by the next day.

    This term similarly would also imply in case of Receiptsm, the date when a payment will be recieved in my Bank account and thus helps in forcasting the amount that might be available in my Bank on a specific date so that it may be used for expenses or Investments etc.

    rgds

    Anuradha Ambekar

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  • author's profile photo Former Member
    Former Member
    Posted on Feb 23, 2009 at 12:35 PM

    Was this reply relevant to you ?

    rgds

    Anuradha

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  • author's profile photo Former Member
    Former Member
    Posted on Feb 23, 2009 at 02:59 AM

    Hi,

    The Option "Days Until Value Date" is related with the Payments which are done by Bank Transfer. "Value Date" is nothing but the Posting Date for the transaction.

    During Payments by Bank Transfer the amount is deducted the next day of posting(If you specify 'Days Until Value Date' = "1" for a specific Payment Method "U") .

    It is like you have to be sure that the Bank Account has the amount sufficient for the Transfer after "1" day from the posting date .

    Hope you understood.

    Cheers

    Andrew

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    • Former Member

      hi,

      i still not get the point of this maintenance.

      1 what is the difference if no value maintain and with value maintain at "Days Until Value Date"?

      2 if i maintain 3 at this column "Days Until Value Date", where or what tcode i can see the effect?

      thanks

  • author's profile photo Former Member
    Former Member
    Posted on Feb 23, 2009 at 11:07 AM

    As I mentioned above the impact would be seen in Cash management and not in AP/ AR/ GL.

    rgds

    Anuradha Ambekar

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