What is other debit in SAP FI-CA-INV - Convergent Invoicing?

SAP Term: other debit

• Component: FI-CA-INV

• Component Name: Convergent Invoicing

• Description: Reason for a debit memo This setting is delivered as standard in S/4HANA Cloud.

Smart SAP Assistant

• Key Concepts: 
  Other debit is a term used in the FI-CA-INV Convergent Invoicing component of SAP. It is a type of payment method that allows customers to pay for goods or services with a debit card, such as a Visa or Mastercard. The customer's bank account is debited for the amount of the purchase, and the merchant receives the payment in their bank account. 
  
  How to use it: 
  In order to use other debit as a payment method, customers must first set up their debit card with their bank. Once this is done, they can select other debit as their payment method when making a purchase. The customer will then enter their debit card information into the system, and the payment will be processed. 
  
  Tips & Tricks: 
  When using other debit as a payment method, it is important to make sure that the customer's bank account has enough funds to cover the purchase. If there are insufficient funds in the account, the transaction may be declined. Additionally, customers should be aware that some banks may charge additional fees for using other debit as a payment method. 
  
  Related Information: 
  Other debit is just one of many payment methods available in SAP FI-CA-INV Convergent Invoicing. Other payment methods include credit cards, PayPal, and direct bank transfers. Additionally, customers can also set up recurring payments for goods or services with this component.