What is 'positive payment' in SAP FI-CA - Contract Accounts Receivable and Payable?

positive payment - Overview

• Component: FI-CA

• Component Name: Contract Accounts Receivable and Payable

• Description: Before the person presenting the check can cash it, the issuer must report the check to the bank.

positive payment - Details

• 
  Key Concepts: 
  Positive payment is a feature of the FI-CA Contract Accounts Receivable and Payable component of SAP. It is a payment method that allows customers to pay their invoices in advance, before the due date. This helps to reduce the risk of late payments and improve cash flow.
  
  How to use it: 
  To use positive payment, customers must first be set up in the system as a customer with a payment method of “positive payment”. Once this is done, customers can make payments in advance of their due date. The payments will be recorded in the system and can be tracked and monitored.
  
  Tips & Tricks: 
  It is important to ensure that customers are aware of the positive payment option and how to use it. It is also important to ensure that customers are aware of any fees or charges associated with making payments in advance.
  
  Related Information: 
  For more information on positive payment, please refer to the SAP Help documentation for FI-CA Contract Accounts Receivable and Payable.