What is 'payer/payee' in SAP FIN-FSCM-TRM-TM - Transaction Manager?

payer/payee - Overview

• Component: FIN-FSCM-TRM-TM

• Component Name: Transaction Manager

• Description: A business partner through which incoming or outgoing payments are made.

payer/payee - Details

• 
  Key Concepts: 
  Payer/payee is a term used in SAP Transaction Manager (FIN-FSCM-TRM-TM) to refer to the two parties involved in a financial transaction. The payer is the party that initiates the transaction and pays money to the payee, who is the recipient of the payment. 
  
  How to use it: 
  In SAP Transaction Manager, payer/payee is used to identify the two parties involved in a financial transaction. The payer is the party that initiates the transaction and pays money to the payee, who is the recipient of the payment. The payer/payee information is used to track and manage financial transactions within SAP. 
  
  Tips & Tricks: 
  When entering payer/payee information into SAP Transaction Manager, it is important to ensure that all information is accurate and up-to-date. This will help ensure that all financial transactions are tracked and managed correctly. 
  
  Related Information: 
  For more information on SAP Transaction Manager, please refer to the official SAP documentation at https://help.sap.com/viewer/product/FIN_FSCM_TRM_TM/latest/en-US.