What is payment details in SAP FS-AM - Account Management?

SAP Term: payment details

• Component: FS-AM

• Component Name: Account Management

• Description: A combination of transaction type, medium and account details.

Smart SAP Assistant

• Key Concepts: 
  Payment details are a component of the FS-AM Account Management module in SAP. This module is used to manage accounts receivable and accounts payable. Payment details are used to store information about payments made to or received from customers and vendors. This includes the payment amount, payment date, payment method, and other relevant information. 
  
  How to use it: 
  In order to use the payment details component of FS-AM Account Management, users must first create a payment document. This document contains all of the necessary information about the payment, such as the amount, date, and method. Once the document is created, users can enter the payment details into the system. This will allow them to track payments and ensure that they are properly accounted for. 
  
  Tips & Tricks: 
  When entering payment details into the system, it is important to double-check all of the information before saving it. This will help ensure that all payments are properly recorded and accounted for. Additionally, it is important to keep track of any changes that are made to payment details in order to ensure accuracy. 
  
  Related Information: 
  The FS-AM Account Management module also includes other components such as customer and vendor master data, account balances, and invoices. All of these components work together to provide a comprehensive view of an organization’s financials. Additionally, this module can be used in conjunction with other SAP modules such as FI (Financial Accounting) and CO (Controlling).