What is payment blocking indicator in SAP FI - Financial Accounting?

SAP Term: payment blocking indicator

• Component: FI

• Component Name: Financial Accounting

• Description: An indicator that allows you by entering a payment block to block an account or individual items for payment. The payment blocking indicator is placed in the customer or vendor's master record, or in the line item.

Smart SAP Assistant

• Key Concepts: 
  Payment blocking indicator is a feature in SAP Financial Accounting (FI) that allows users to block payments from being made to certain vendors. This feature is useful for preventing payments from being made to vendors who have not provided the necessary documentation or have not met certain criteria. 
  
  How to use it: 
  To use the payment blocking indicator, users must first set up a vendor master record in SAP FI. Once the vendor master record is created, users can assign a payment blocking indicator to the vendor. This indicator will prevent any payments from being made to the vendor until the indicator is removed. 
  
  Tips & Tricks: 
  When setting up a vendor master record, it is important to ensure that all of the necessary information is included. This will help ensure that payments are not blocked unnecessarily. Additionally, it is important to remember that the payment blocking indicator can be removed at any time, so it should be used judiciously. 
  
  Related Information: 
  For more information on payment blocking indicators in SAP FI, please refer to the SAP Help Portal or contact your local SAP support team.