What is gross payment voucher in SAP FI - Financial Accounting?

SAP Term: gross payment voucher

• Component: FI

• Component Name: Financial Accounting

• Description: A form that you have to fill out when you make a payment to a subcontractor in possession of construction tax certificate, under the terms of the UK Construction Industry Scheme. The form, which goes by the number CIS23, shows the details of the payment. You retain one copy for yourself and send one to the Inland Revenue or, if you prefer, you can send them an EDI file with the same information instead.

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• Key Concepts: 
  A gross payment voucher is a document used in SAP Financial Accounting (FI) to record payments made to vendors. It is used to record the amount of money paid, the date of payment, and the vendor's name. The gross payment voucher also includes information about the type of payment, such as cash, check, or credit card. 
  
  How to use it: 
  In SAP FI, a gross payment voucher is created when a vendor invoice is paid. The voucher is used to record the amount of money paid and the date of payment. It also includes information about the type of payment and the vendor's name. The voucher can then be printed and sent to the vendor as proof of payment. 
  
  Tips & Tricks: 
  When creating a gross payment voucher in SAP FI, it is important to ensure that all information is accurate and up-to-date. This includes the amount of money paid, the date of payment, and the type of payment. Additionally, it is important to double-check that the vendor's name is correct before printing and sending the voucher. 
  
  Related Information: 
  The gross payment voucher is just one document used in SAP FI. Other documents include purchase orders, invoices, and credit memos. Additionally, there are other types of vouchers used in SAP FI such as net payment vouchers and advance payment vouchers.