What is correspondence variant in SAP FI-CA - Contract Accounts Receivable and Payable?

SAP Term: correspondence variant

• Component: FI-CA

• Component Name: Contract Accounts Receivable and Payable

• Description: An attribute that groups correspondence types for controlling periodic correspondence creation. In addition to the correspondence variant, control parameters can be defined for each correspondence type, for example, an interval for the run frequency and a charge schedule.

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• Key Concepts: 
   Correspondence variants are used in the FI-CA Contract Accounts Receivable and Payable component of SAP to define the layout of documents such as invoices, dunning notices, and payment advice notes. The correspondence variant contains all the information needed to generate a document, including the language, layout, and content. 
  
  How to use it: 
   To create a correspondence variant, go to the SAP menu path SPRO > IMG > Financial Accounting > Contract Accounts Receivable and Payable > Business Transactions > Correspondence > Define Correspondence Variants. Here you can create a new variant by entering the name and description. You can then add the necessary information such as language, layout, and content. 
  
  Tips & Tricks: 
   When creating a correspondence variant, it is important to make sure that all the necessary information is included. This includes the language, layout, and content. Additionally, it is important to test the correspondence variant before using it in production. 
  
  Related Information: 
   For more information on correspondence variants in SAP FI-CA Contract Accounts Receivable and Payable, please refer to the SAP Help documentation at https://help.sap.com/viewer/product/FI_CA/2020/en-US.