What is IPI in SAP FI - Financial Accounting?

SAP Term: IPI

• Component: FI

• Component Name: Financial Accounting

• Description: In Brazil, an excise tax levied at federal level on most domestic and imported manufactured goods. IPI is assessed per product and is applied to the gross price, inclusive of ICMS. In Portuguese, the tax is known as Imposto Sobre Produtos Industrializados.

Smart SAP Assistant

• Key Concepts: 
  IPI stands for Internal Payment Index. It is a tool used in SAP Financial Accounting (FI) to track and manage payments made within an organization. It is used to assign a unique number to each payment, which can then be used to track the payment's progress and status. 
  
  How to use it: 
  The IPI is used to assign a unique number to each payment made within an organization. This number can then be used to track the payment's progress and status. The IPI can also be used to generate reports on payments, such as the total amount of payments made, the average payment amount, and the total number of payments made. 
  
  Tips & Tricks: 
  When using the IPI, it is important to ensure that all payments are assigned a unique number. This will help ensure that all payments are tracked accurately and that no payments are missed or duplicated. Additionally, it is important to keep track of the IPI numbers assigned to each payment, as this will help with tracking and reporting on payments. 
  
  Related Information: 
  The IPI is closely related to other SAP Financial Accounting (FI) tools such as Payment Run and Payment Blocking. Payment Run is used to process payments, while Payment Blocking is used to block certain payments from being processed. Both of these tools can be used in conjunction with the IPI in order to ensure accurate tracking and reporting of payments.