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

SAP Term: charge type

• Component: FS-PE

• Component Name: Payment Engine

• Description: In you can use differentiation categories to help determine the correct conditions to use for calculating charges. Charge type is one of the differentiation categories used in . You can maintain differentiation categories under the Customizing activity Define Differentiation Categories.

Smart SAP Assistant

• Key Concepts: 
  Charge type is a feature of the FS-PE Payment Engine component of SAP. It is used to define the type of charge that is associated with a payment. This can include fees, taxes, or other charges that are associated with a payment. 
  
  How to use it: 
  The charge type is used to define the type of charge that is associated with a payment. This can be done by selecting the appropriate charge type from the drop-down list in the FS-PE Payment Engine component. Once selected, the charge type will be applied to the payment and will be visible in the payment details. 
  
  Tips & Tricks: 
  When selecting a charge type, it is important to ensure that it is appropriate for the payment being made. For example, if a payment is being made for taxes, then the “Tax” charge type should be selected. 
  
  Related Information: 
  The FS-PE Payment Engine component also allows users to define additional charges that can be associated with payments. These additional charges can be defined in the “Additional Charges” section of the FS-PE Payment Engine component.