What is Due Payment in SAP AP-DUE - FIN Due Item Processing?

SAP Term: Due Payment

• Component: AP-DUE

• Component Name: FIN Due Item Processing

• Description: A payment request or a payment confirmation for trade receivables and payables.

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• Key Concepts: 
  Due Payment is a component of the SAP Accounts Payable (AP) module. It is used to process due items, which are payments that are due to vendors or suppliers. This component allows users to manage due items, such as creating payment plans, setting payment terms, and tracking payments. 
  
  How to use it: 
  The Due Payment component can be used to create payment plans for vendors or suppliers. This includes setting payment terms, such as the amount of the payment and the due date. The component also allows users to track payments and view payment history. 
  
  Tips & Tricks: 
  When creating payment plans, it is important to ensure that all payment terms are clearly defined and agreed upon by both parties. Additionally, it is important to keep track of payments and ensure that they are made on time. 
  
  Related Information: 
  The Due Payment component is part of the SAP Accounts Payable (AP) module. Other components of the AP module include Invoice Verification, Payment Processing, and Cash Management.