What is external cash desk services in SAP FI-CA - Contract Accounts Receivable and Payable?

SAP Term: external cash desk services

• Component: FI-CA

• Component Name: Contract Accounts Receivable and Payable

• Description: A grouping that encompasses payment collectors that receive payments on behalf of a company. The payment collectors can be internal to the company or external. Internal payment collectors are linked directly to the Cash Journal. External payment collectors forward the payment information to the system using the corresponding services.

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• Key Concepts: 
  External cash desk services are a component of the FI-CA Contract Accounts Receivable and Payable module in SAP. This component allows companies to manage their cash desk operations, such as payments, receipts, and refunds, from external sources. It also provides the ability to track and reconcile payments from customers and vendors. 
  
  How to use it: 
  External cash desk services can be used to manage payments from customers and vendors. This includes tracking payments, reconciling payments, and issuing refunds. The module also provides the ability to set up payment plans for customers and vendors. 
  
  Tips & Tricks: 
  When setting up payment plans for customers or vendors, it is important to ensure that all terms are clearly defined in the agreement. This will help ensure that all parties understand the terms of the agreement and can avoid any misunderstandings or disputes. Additionally, it is important to keep track of all payments made by customers or vendors to ensure that they are properly accounted for. 
  
  Related Information: 
  The FI-CA Contract Accounts Receivable and Payable module also includes other components such as customer invoicing, vendor invoicing, and payment processing. Additionally, SAP offers a variety of other modules that can be used to manage cash flow, such as Treasury Management and Cash Management.