What is direction in SAP FIN-FSCM-TRM-TM - Transaction Manager?

SAP Term: direction

• Component: FIN-FSCM-TRM-TM

• Component Name: Transaction Manager

• Description: A cash flow always has a direction. For example, you have an incoming cash flow when you receive payments from your customers, and you have an outgoing cash flow when your company pays a vendor. The hedged incoming cash flows in foreign currencies represent exports, and the outgoing cash flows in foreign currencies represent imports.

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• Key Concepts: 
  Direction is a term used in the Transaction Manager component of SAP's Financial Supply Chain Management (FSCM) module. It is used to define the direction of a transaction, such as whether it is an incoming or outgoing payment. It is also used to define the direction of a payment flow, such as whether it is a payment from a customer or to a vendor. 
  
  How to use it: 
  In order to use direction in the Transaction Manager component, you must first define the direction of the transaction. This can be done by selecting either “incoming” or “outgoing” from the drop-down menu. Once this is done, you can then specify the payment flow by selecting either “customer” or “vendor” from the drop-down menu. 
  
  Tips & Tricks: 
  When defining the direction of a transaction, it is important to remember that incoming payments are those that are received by your company, while outgoing payments are those that are sent out by your company. Additionally, when specifying the payment flow, it is important to remember that customer payments are those that are received from customers, while vendor payments are those that are sent out to vendors. 
  
  Related Information: 
  For more information on using direction in the Transaction Manager component of SAP's Financial Supply Chain Management (FSCM) module, please refer to SAP's official documentation on the topic.