What is Custom Payment Extract in SAP BV-FINANCE - Brand Voice - Financial Management?

SAP Term: Custom Payment Extract

• Component: BV-FINANCE

• Component Name: Brand Voice - Financial Management

• Description: A free service that helps customers manage the process of extracting summary data in order to facilitate payment. It is for customers who are running Expense Pay Global.

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• Key Concepts: 
  Custom Payment Extract is a feature of SAP Financial Management that allows users to create custom payment extracts for their financial transactions. This feature enables users to create payment extracts for specific transactions, such as payments to vendors, customers, or other entities. The payment extract can be used to generate reports and analyze the financial data.
  
  How to use it: 
  To use the Custom Payment Extract feature, users must first select the transactions they want to include in the extract. This can be done by selecting the appropriate criteria from the drop-down menus. Once the criteria have been selected, users can then generate the payment extract. The payment extract will contain all of the relevant information for the selected transactions, including the date, amount, and other details.
  
  Tips & Tricks: 
  When creating a custom payment extract, it is important to ensure that all of the necessary information is included in the extract. This includes any additional details that may be required for reporting or analysis purposes. Additionally, it is important to ensure that all of the data is accurate and up-to-date before generating the payment extract.
  
  Related Information: 
  For more information on Custom Payment Extracts in SAP Financial Management, please refer to SAP’s official documentation on the topic. Additionally, there are several online tutorials and resources available that provide step-by-step instructions on how to use this feature.