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Payment Postmark Date

Hello Experts,

I would like to know best practice used to document "payment postmarku201D date for SAP payment processing.

In general I have seen, the u201CDocument Dateu201D field getting used to record the postmark date when payments are processed. While the u201CPosting Dateu201D field represents the batch processing run date. Now in this case document date will define the date on which a payment is considered late.

Any suggestions or inputs about "payment postmark date"(i.e. whether to use document date or posting date as a postmark date) would be of great help. Thanks.

Kind Regards,

Nikhil.

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1 Answer

  • Aug 17, 2011 at 01:08 PM

    Hi Nikhil,

    It is best practice to use the document date as the ''real'' (or, as you say, ''Postmark date'') of the payment.

    The reason is that on occasion you will receive a payment with a postmark date in the previous fiscal month.

    The previous posting period (fiscal month) could be closed, so you will get an error if you use the Posting date (saying Posting Period is closed).

    Regards,

    Ivor Martin

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