What is 'official receipt' in SAP FI - Financial Accounting?

official receipt - Overview

• Component: FI

• Component Name: Financial Accounting

• Description: A legal document that confirms receipt of payment, including value-added tax. Official receipts can be issued: Before payment based on invoice After payment based on payment document Companies primarily issue official receipts before payment if they employ a third party to collect payment on their behalf, in which case the official receipt must be printed before the payment is posted.

official receipt - Details

• 
  Key Concepts: 
  Official Receipts in SAP Financial Accounting (FI) are documents that are used to record the receipt of money from customers. They are used to document the payment of invoices and other financial transactions. Official Receipts are also used to track the amount of money received from customers and to ensure that all payments are accounted for. 
  
  How to use it: 
  In SAP FI, Official Receipts can be created by entering the customer’s name, the amount received, and any other relevant information. Once the Official Receipt is created, it can be printed or emailed to the customer. The Official Receipt can also be used to update the customer’s account balance in SAP FI. 
  
  Tips & Tricks: 
  When creating an Official Receipt in SAP FI, it is important to make sure that all of the information is accurate and up-to-date. This will ensure that all payments are properly accounted for and that the customer’s account balance is accurate. 
  
  Related Information: 
  Official Receipts in SAP FI are related to other documents such as invoices and payment requests. It is important to understand how these documents interact with each other in order to ensure that all financial transactions are properly recorded and accounted for.