1. SAP Glossary
  2. Financial Accounting
  3. Automatic Payments Centre payment code


What is 'Automatic Payments Centre payment code' in SAP FI - Financial Accounting?


Automatic Payments Centre payment code - Overview

  • Component: FI

  • Component Name: Financial Accounting

  • Description: A unique three-character code that the Automatic Payments Centre APC assigns to its customers for each set of payment or collection orders.


Automatic Payments Centre payment code - Details


  • Key Concepts: The Automatic Payments Centre payment code is a component of the SAP Financial Accounting (FI) module. It is used to define the payment methods and payment terms for vendors and customers. The payment code is used to determine the payment method, such as check, wire transfer, or credit card, as well as the payment terms, such as due date and discount terms.
    How to use it: The Automatic Payments Centre payment code is used to define the payment methods and terms for vendors and customers. The payment code can be set up in the SAP system by entering the payment method and terms in the relevant fields. The payment code can then be assigned to vendors or customers in order to determine their payment methods and terms.
    Tips & Tricks: It is important to ensure that the correct payment code is assigned to each vendor or customer in order to ensure that payments are made correctly and on time. It is also important to review the payment codes regularly to ensure that they are up-to-date with any changes in payment methods or terms.
    Related Information: The Automatic Payments Centre payment code is part of the SAP Financial Accounting (FI) module. For more information on setting up and using the Automatic Payments Centre, please refer to the SAP Help documentation.

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Automatic Payments Centre payment code - Related SAP Terms

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