What is self invoice in SAP FI-AP - Accounts Payable?

SAP Term: self invoice

• Component: FI-AP

• Component Name: Accounts Payable

• Description: A self billing invoice that the customer issues to itsself. The invoice has an output tax and an input tax at one time.

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• Key Concepts: 
  Self invoice is a feature in the FI-AP Accounts Payable component of SAP that allows a company to issue an invoice to itself. This is useful when a company needs to transfer funds from one account to another, or when a company needs to pay for goods or services it has received from itself. 
  
  How to use it: 
  To use the self invoice feature, the user must first create a vendor master record for the company. This record will contain all the necessary information about the company, such as its name, address, and bank details. Once this is done, the user can then create a self invoice document in SAP. This document will contain all the necessary information about the transaction, such as the amount to be transferred and the accounts involved. Once this is done, the user can then post the document and transfer the funds. 
  
  Tips & Tricks: 
  When creating a self invoice document in SAP, it is important to make sure that all of the information is accurate and up-to-date. This will ensure that the transaction is processed correctly and that no errors occur. Additionally, it is important to make sure that all of the accounts involved in the transaction are valid and active. 
  
  Related Information: 
  For more information on self invoices in SAP, please refer to SAP’s official documentation on FI-AP Accounts Payable. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature in SAP.