What is charge indicator in SAP FS-PE - Payment Engine?

SAP Term: charge indicator

• Component: FS-PE

• Component Name: Payment Engine

• Description: See the context information.

Smart SAP Assistant

• Key Concepts: 
  A charge indicator is a feature of the SAP FS-PE Payment Engine that allows users to indicate whether a payment should be charged to the customer or not. This is useful for businesses that need to track payments and ensure that customers are not charged for certain types of payments. 
  
  How to use it: 
  The charge indicator can be set up in the SAP FS-PE Payment Engine by selecting the “Charge Indicator” option in the payment configuration. Once enabled, users can select whether a payment should be charged or not when creating a payment. 
  
  Tips & Tricks: 
  It is important to remember that the charge indicator only applies to payments created in the SAP FS-PE Payment Engine. If payments are created outside of the system, they will not be affected by the charge indicator. 
  
  Related Information: 
  The charge indicator is part of the SAP FS-PE Payment Engine, which is a component of SAP’s Financial Services suite. The Financial Services suite provides a range of features and tools for managing financial transactions and processes.