What is check in SAP FI - Financial Accounting?

SAP Term: check

• Component: FI

• Component Name: Financial Accounting

• Description: A written order instructing a financial institution to pay a specified amount of a currency from a specified demand account held with that institution.

Smart SAP Assistant

• Key Concepts: 
  A check is a document used to make payments from a bank account. In SAP Financial Accounting (FI), checks are used to make payments to vendors or customers. Checks can be printed directly from the SAP system or manually written and then entered into the system. 
  
  How to use it: 
  In SAP FI, checks can be created by entering the payment information into the system. This includes the vendor or customer name, payment amount, and bank account information. Once the payment is entered, a check can be printed directly from the system or manually written and then entered into the system. 
  
  Tips & Tricks: 
  When entering a check into the system, it is important to double-check all of the information to ensure accuracy. This includes verifying that the payment amount is correct and that all of the bank account information is correct. 
  
  Related Information: 
  In SAP FI, checks can also be used to make payments for other types of transactions such as expenses and taxes. Additionally, checks can be used to make payments for multiple vendors or customers at once.