What is correspondence in SAP FI - Financial Accounting?

SAP Term: correspondence

• Component: FI

• Component Name: Financial Accounting

• Description: The printed correspondence of a company. It includes: &EXAMPLE& Order confirmations Dunning notices Payment notifications

Smart SAP Assistant

• Key Concepts: 
  Correspondence in SAP FI Financial Accounting is a feature that allows users to create and send documents such as invoices, credit memos, and payment reminders to customers. It also allows users to receive and process incoming documents from customers. Correspondence can be created manually or automatically using predefined templates.
  
  How to use it: 
  To use correspondence in SAP FI Financial Accounting, users must first create a correspondence type. This is done by entering the document type, document category, and document class. Once the correspondence type is created, users can then create a correspondence document. This is done by entering the customer number, document date, and other relevant information. The document can then be sent to the customer via email or printed and mailed.
  
  Tips & Tricks: 
  When creating a correspondence document, it is important to ensure that all of the necessary information is entered correctly. This includes the customer number, document date, and any other relevant information. Additionally, it is important to ensure that the correct template is selected when creating the document. This will ensure that all of the necessary information is included in the document.
  
  Related Information: 
  For more information on correspondence in SAP FI Financial Accounting, please refer to the SAP Help Portal or contact your local SAP support team. Additionally, there are many online resources available that provide detailed instructions on how to use this feature.