What is 'BACS user number' in SAP FI-AP - Accounts Payable?

BACS user number - Overview

• Component: FI-AP

• Component Name: Accounts Payable

• Description: An identification number that BACS issues to each company authorized to use the BACS system.

BACS user number - Details

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  Key Concepts: 
  BACS user number is a unique identifier assigned to a company by the Bankers Automated Clearing Services (BACS). It is used to identify the company when making payments via BACS. The BACS user number is required when setting up payment methods in SAP FI-AP Accounts Payable. 
  
  How to use it: 
  In order to use the BACS user number in SAP FI-AP Accounts Payable, it must first be entered into the system. This can be done by navigating to the “Payment Methods” tab in the Accounts Payable module and selecting “Add New Payment Method”. Once the payment method has been created, the BACS user number can be entered into the “BACS User Number” field. 
  
  Tips & Tricks: 
  It is important to ensure that the BACS user number is entered correctly in order for payments to be processed correctly. It is also important to note that the BACS user number must be unique and cannot be shared with other companies. 
  
  Related Information: 
  For more information on setting up payment methods in SAP FI-AP Accounts Payable, please refer to the SAP Help documentation.