What is direct payer in SAP FI - Financial Accounting?

SAP Term: direct payer

• Component: FI

• Component Name: Financial Accounting

• Description: Customer that pays his invoices himself. A direct payer is different to a customer, who, for example, participates in automatic payment transactions due to an automatic debit authorization

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• Key Concepts: 
  A direct payer is a company or individual that pays an invoice directly to the vendor, rather than through a third-party payment processor. This type of payment is often used when the vendor does not accept credit cards or other forms of payment. The direct payer is responsible for ensuring that the invoice is paid in full and on time.
  
  How to use it: 
  In SAP Financial Accounting, a direct payer can be set up as a customer in the system. This customer will be responsible for paying invoices directly to the vendor. The direct payer can also be set up as a vendor in the system, which will allow them to receive payments from customers.
  
  Tips & Tricks: 
  When setting up a direct payer in SAP Financial Accounting, it is important to ensure that all of the necessary information is entered correctly. This includes the name and address of the direct payer, as well as any other relevant information such as payment terms and contact information. 
  
  Related Information: 
  In SAP Financial Accounting, direct payers can also be used to process payments for vendors who do not accept credit cards or other forms of payment. This type of payment processing is known as “direct debit” and can be set up in SAP Financial Accounting.