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

SAP Term: payment schedule

• Component: FIN-FSCM-TRM-TM

• Component Name: Transaction Manager

• Description: An overview of payments already made or still due. The schedule contains information on business partners and bank details.

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• Key Concepts: 
  Payment schedule is a feature of the Transaction Manager component of SAP's Financial Supply Chain Management (FSCM) module. It allows users to define payment terms and conditions for their customers, such as payment due dates, discounts, and interest rates. The payment schedule also enables users to track payments and manage customer accounts. 
  
  How to use it: 
  To use the payment schedule feature, users must first define the payment terms and conditions for their customers. This can be done by entering the details into the relevant fields in the Transaction Manager component. Once the payment terms have been defined, users can then track payments and manage customer accounts. 
  
  Tips & Tricks: 
  When defining payment terms and conditions, it is important to ensure that all relevant information is entered accurately. This will help to ensure that payments are tracked correctly and customer accounts are managed efficiently. Additionally, it is important to regularly review the payment terms and conditions to ensure they remain up-to-date. 
  
  Related Information: 
  For more information on the Payment Schedule feature of SAP's Financial Supply Chain Management (FSCM) module, please refer to the official SAP documentation. Additionally, there are a number of online resources available which provide further information on how to use this feature.