What is item split in SAP (FS-AM-IM-IT - Payment Items)?

SAP Term: item split

• Component: FS-AM-IM-IT

• Component Name: Payment Items

• Description: Division of the posting amount for a payment item among multiple Subject to Final Payment dates and/or value dates. This means that the posting amount is not included as a whole amount in the available amount and/or interest calculation, but instead as partial amounts on different dates. &EXAMPLE& It can be useful to divide up payment items if a bank customer presents a check and the bank immediately credits the customer's account with the amount although it is not guaranteed that the check is covered. In this case, the bank can decide to record a partial amount in the Subject to Final Payment balance "Subject to Final Payment Split", and/or to initially not calculate interest for a partial amount.

Smart SAP Assistant

• Key Concepts: 
  Item split is a feature of the FS-AM-IM-IT Payment Items component of SAP software. It allows users to divide a payment item into multiple parts, each with its own payment terms and conditions. This feature is useful for managing complex payment scenarios, such as when a customer pays for multiple items in one transaction. 
  
  How to use it: 
  To use the item split feature, users must first create a payment item in the FS-AM-IM-IT Payment Items component. Once the payment item is created, users can then select the “Split” option from the menu. This will open a window where users can enter the details of each part of the payment item, such as the amount, payment terms, and conditions. Once all of the details are entered, users can save the split item and it will be ready for use. 
  
  Tips & Tricks: 
  When using the item split feature, it is important to ensure that all of the details are entered correctly. This includes entering the correct amounts for each part of the payment item and ensuring that all of the payment terms and conditions are accurate. Additionally, it is important to remember that once an item has been split, it cannot be reversed or changed. 
  
  Related Information: 
  For more information on using the item split feature in SAP software, please refer to the official SAP documentation or contact your SAP support team. Additionally, there are many online resources available that provide tutorials and tips on using this feature.