What is outpayment order in SAP FI-BL - Bank Accounting?

SAP Term: outpayment order

• Component: FI-BL

• Component Name: Bank Accounting

• Description: In Switzerland, a check you send to your vendor to pay an invoice.

Smart SAP Assistant

• Key Concepts: 
  An outpayment order is a document used in SAP's FI-BL Bank Accounting component to initiate a payment from a company's bank account. It is created in the SAP system and sent to the bank for processing. The outpayment order contains information about the payment, such as the amount, currency, and beneficiary. 
  
  How to use it: 
  To create an outpayment order in SAP, go to the FI-BL Bank Accounting component and select the Outpayment Order option. Enter the necessary information about the payment, such as the amount, currency, and beneficiary. Once all of the information is entered, click “Save” to create the outpayment order. The outpayment order can then be sent to the bank for processing. 
  
  Tips & Tricks: 
  When creating an outpayment order in SAP, make sure to double-check all of the information entered before sending it to the bank. This will help ensure that the payment is processed correctly and on time. Additionally, it is important to keep track of all outpayment orders that have been created in SAP so that they can be easily referenced if needed. 
  
  Related Information: 
  For more information about outpayment orders in SAP's FI-BL Bank Accounting component, please refer to SAP's official documentation or contact your local SAP support team.