What is 'information container' in SAP FI-CA - Contract Accounts Receivable and Payable?

information container - Overview

• Component: FI-CA

• Component Name: Contract Accounts Receivable and Payable

• Description: Temporary storage that provides information in the form of confirmations for business transactions and processes, which trigger downstream processes in other systems.

information container - Details

• 
  Key Concepts: 
  An information container is a component of the FI-CA Contract Accounts Receivable and Payable module in SAP. It is used to store and manage customer and vendor data, such as payment terms, credit limits, and payment methods. It also stores information about the contract itself, such as the start and end dates, the contract value, and any discounts or surcharges that may apply.
  
  How to use it: 
  The information container is used to store all of the relevant data for a customer or vendor. This data can then be used to generate invoices, process payments, and track customer or vendor activity. The information container can also be used to set up payment plans or payment schedules for customers or vendors.
  
  Tips & Tricks: 
  When setting up an information container, it is important to make sure that all of the relevant data is entered correctly. This will ensure that invoices are generated accurately and payments are processed correctly. Additionally, it is important to keep the information container up-to-date with any changes in customer or vendor data.
  
  Related Information: 
  The FI-CA Contract Accounts Receivable and Payable module in SAP also includes other components such as billing plans, payment plans, and payment schedules. These components can be used in conjunction with the information container to manage customer and vendor data more effectively.