fbzp value date

[Former Member]

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

[Former Member · Accepted solution]

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

[Former Member]

Was this reply relevant to you ?

rgds

Anuradha

[Former Member]

Hi Sir,

Great thank you for your reply.

Take AP for example. Assuming that the value date (actual date recorded in bank book) is 10-02-2008, if I put 3, meaning on 13-02-2008, I must have the amount ready for disbursement in my bank account? Meaning the actual date recorded in bank book is 13th and not 10th?

Hope can have your clarification again.

Thanks once again.

[Former Member]

Hi,

The value date is relevant only for payment method ACH (in USA) or EFT (in Europe). In USA if you use payment method ACH the default value date is 'next working day'. So if you process the payment today and send the filel to the bank today, they will debit your account tomorrow and send the payment to your vendors. But if you want to run the payment today and want the bank to debit your account only 3 days from today, then you can put 3 in the value date and the file created will accordingly show today+3 as the payment date. Even if you send the file to the bank today, they will not debit your account until the 3rd day from today.

So to answer your question, the impact will be seen on the file being sent to the bank. What Anuradha said in her reply , is relevant to some extent. If you have 3 in this field, then in your cash management report (FF7A) this amount will show up on todoay + 3 and so you have to make arrangement for the money only 3 days from now.

Hope this is clear.

Kalyan

[former_member581688]

Value date can also be relevant for checks - not just ACH/wires. Within the FBZP config, you can set a default value date for your check payment method. The value date used for checks would be the average number of days it takes your checks to clear the bank. The value date maintained in FBZP is used for all checks, unless the vendor (check payee) has a "Chk cashng time" maintained on its vendor master (the field can be found in Co.Cd. -> Payment transactions).

The check cashing time on the vendors' masters can be maintained by running transaction FF.4 (program RFSRUE10). The program determines the average number of days, by vendor, that it takes checks to clear the bank - over the period of time you specify on the selection screen. There is an option to use the output of the report (average check cashing time per vendor) to update the vendor masters. At my company we have this program scheduled to run on a weekly basis and have the variant set up to look at the last 3 months of check cashing history for the vendor.

[Former Member]

Shannon,

Thanks for this information. I was not aware of this.

Can you please explain how this information ( the number days in the value date field for a check payment method) will be used?

Kalyan

[former_member581688]

Like with the value dates on other payment methods, the value date on check payments is used for cash management reporting. Obviously the value dates won't be as accurate as for ACH's or Wires that have set clearing dates, but they can serve as an approximation for forecasting outgoing cash.

FF.4/RFSRUE10 only works for vendors that you have already paid via check. When a new check is cut to an existing vendor, SAP uses the Check cashing time from the vendor master to determine the value date to put on the cash clearing line of the check payment doc. However, if you have a new vendor with no Check cashing time on its vendor master, then the system uses the value date maintained in FBZP - that's why I called it the "default" value date for checks.

Hopefully this helps clarify.

Shannon

[Former Member]

Thanks Shannon.

Kalyan

[Former Member]

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

rgds

Anuradha Ambekar

[Former Member]

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

[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