What is execution method in SAP FI - Financial Accounting?

SAP Term: execution method

• Component: FI

• Component Name: Financial Accounting

• Description: In Russia, how you want your bank to execute a payment order: whether by correspondent account or clearing system; and whether by post, telegraph, or electronic file.

Smart SAP Assistant

• Key Concepts: 
  Execution method is a feature in SAP Financial Accounting (FI) that allows users to define how a document should be processed. It is used to determine the sequence of steps that should be taken when processing a document, such as posting, printing, or archiving. The execution method also defines the order in which the document should be processed and the type of processing that should be done.
  
  How to use it: 
  To use the execution method, users must first define the sequence of steps that should be taken when processing a document. This can be done by creating an execution method in the SAP system. Once an execution method has been created, it can then be assigned to a document type. This will ensure that the document is processed according to the defined sequence of steps.
  
  Tips & Tricks: 
  When creating an execution method, it is important to consider the order in which the steps should be taken. For example, if a document needs to be printed before it is posted, then the printing step should come before the posting step in the execution method. Additionally, it is important to consider what type of processing should be done for each step. For example, if a document needs to be archived after it is posted, then the archiving step should be set to “Archive” instead of “Post”.
  
  Related Information: 
  For more information on how to create and use execution methods in SAP Financial Accounting (FI), please refer to SAP Help documentation or contact your local SAP support team.