What is 'formal check' in SAP FS-AM-IM-IT - Payment Items?

formal check - Overview

• Component: FS-AM-IM-IT

• Component Name: Payment Items

• Description: Check made by the Account Management system when posting a payment item to determine whether there are formal errors.

formal check - Details

• 
  Key Concepts: 
  Formal check is a payment item in the SAP system that is used to process payments for goods and services. It is a type of payment that requires a physical check to be issued and sent to the recipient. The formal check payment item is part of the FS-AM-IM-IT Payment Items component in SAP. 
  
  How to use it: 
  To use the formal check payment item, you must first create a payment request in the SAP system. Once the request is approved, you can then select the formal check payment item from the list of available payment items. You will then need to enter the necessary information such as the recipient’s name and address, as well as any other relevant information. Once all of the information has been entered, you can then submit the request for processing. 
  
  Tips & Tricks: 
  When using the formal check payment item, it is important to ensure that all of the necessary information has been entered correctly. This includes double-checking that all of the recipient’s details are correct, as well as any other relevant information such as invoice numbers or reference numbers. Additionally, it is important to ensure that all of the necessary documents have been attached to the request before submitting it for processing. 
  
  Related Information: 
  For more information on how to use the formal check payment item