What is 'internal payments' in SAP FIN-FSCM-IHC - FSCM In-House Cash?

internal payments - Overview

• Component: FIN-FSCM-IHC

• Component Name: FSCM In-House Cash

• Description: Process which mutually clears receivables and payables between affiliated companies.

internal payments - Details

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  Key Concepts: 
  Internal payments are a type of payment made within an organization, such as between two departments or between two subsidiaries. This type of payment is handled by SAP's FSCM In-House Cash Management (FIN-FSCM-IHC) component. 
  
  How to use it: 
  The FSCM In-House Cash Management component allows users to manage internal payments within an organization. It provides features such as payment processing, payment reconciliation, and payment tracking. It also allows users to set up payment rules and configure payment methods. 
  
  Tips & Tricks: 
  When setting up internal payments, it is important to ensure that the payment rules are configured correctly. This will help ensure that payments are processed accurately and efficiently. Additionally, it is important to regularly review the payment rules to ensure they are up-to-date. 
  
  Related Information: 
  For more information on SAP's FSCM In-House Cash Management component, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use this component effectively.