What is 'business transaction type' in SAP FIN-FSCM-BC - Biller Consolidator?

business transaction type - Overview

• Component: FIN-FSCM-BC

• Component Name: Biller Consolidator

• Description: A type of business transaction that can be processed electronically with the SAP . Examples of this business transaction type: Invoices Credit memos Dunning notices Reversals

business transaction type - Details

• 
  Key Concepts: 
  A business transaction type is a classification of a business transaction in SAP. It is used to define the type of transaction that is being processed, such as an invoice, payment, or credit note. In the FIN-FSCM-BC Biller Consolidator component, the business transaction type is used to determine which business process should be used to process the transaction. 
  
  How to use it: 
  When creating a new business transaction in the FIN-FSCM-BC Biller Consolidator component, the user must select a business transaction type. This will determine which business process should be used to process the transaction. The user can then enter the necessary information for the transaction and submit it for processing. 
  
  Tips & Tricks: 
  When selecting a business transaction type, it is important to make sure that it is appropriate for the type of transaction being processed. For example, if an invoice is being processed, then the “Invoice” business transaction type should be selected. 
  
  Related Information: 
  The FIN-FSCM-BC Biller Consolidator component also includes other features such as payment terms and payment methods that can be used to further customize the processing of a business transaction.