What is alternative payee in SAP FI - Financial Accounting?

SAP Term: alternative payee

• Component: FI

• Component Name: Financial Accounting

• Description: Dodávatel, ktorý prijíma platbu a nie je identický s dodávatelom, voci ktorému existuje záväzok napr. postúpenia.

Smart SAP Assistant

• Key Concepts: 
  Alternative payee is a feature in SAP Financial Accounting (FI) that allows a payment to be made to a third party instead of the original payee. This feature is useful when the original payee is unable to receive the payment, such as in the case of a deceased person or a company that has gone out of business. 
  
  How to use it: 
  To use the alternative payee feature, you must first create an alternative payee record in the system. This record will contain information about the third party, such as their name and address. Once the record is created, you can select it when making payments. The payment will then be sent to the alternative payee instead of the original payee. 
  
  Tips & Tricks: 
  When creating an alternative payee record, make sure to include all relevant information about the third party. This will ensure that payments are sent to the correct address and that any necessary tax forms are filled out correctly. 
  
  Related Information: 
  For more information on alternative payees in SAP FI, please refer to SAP Help documentation.