Value date

[Former Member]

Friends,

I tried understanding value date concept used in Automatic payment program, but in vain. Please help me understand it, with examples.

Thanks a lot in advance.

-A

[Former Member · Accepted solution]

HI,

Value date is generally used for giving specification to the Banker on which date they have to execute the payment means on which date the account has to be debited and credit the proceeds to the vendors of the client.

Eg: IF APP has been run on 29.09.2008 and in that value date has been specified as 02.10.2008 then the bankers will debit the accounts on 02-10-2008 instead of 29.09.2008.

The configuration for this needs to be done in FBZP.

Hope u understood

regards

srikanth

[Former Member · Accepted solution]

Thanks Srikanth. It did help me understand a bit.

[Former Member · Accepted solution]

HI

Value date is nothing but expected date of clearing

Thanks & Regards

phaneendra

[Former Member]

Hi All,

In this regard i need some more clarification. Suppose if the value date is on weekend. How do we handle such scenarios?

If possible please reply to my question as soon as possible, as it become a priority issues.

Thanks,

Venkatesh

[Former Member]

hi,

In this step, you specify the value date for determining the net present

value, per appropriation request type. When you choose the master record

function for determining net present value, the system then calculates

the net present value as of this date.

You can change this date on a periodic basis. However, in order to

update a net present value that was already calculated, you have to

choose the master record function again.

rohit