1. SAP Glossary
  2. Payment Engine
  3. foreign country indicator


What is 'foreign country indicator' in SAP FS-PE - Payment Engine?


foreign country indicator - Overview

  • Component: FS-PE

  • Component Name: Payment Engine

  • Description: Indicates the currency in foreign payment transactions.


foreign country indicator - Details


  • Key Concepts: The foreign country indicator is a component of the SAP FS-PE Payment Engine. It is used to identify whether a payment is being made to a foreign country or not. This indicator is used to determine the applicable tax and exchange rate for the payment.
    How to use it: The foreign country indicator is set in the payment document when creating a payment. The indicator can be set to either “Yes” or “No” depending on whether the payment is being made to a foreign country or not.
    Tips & Tricks: It is important to ensure that the foreign country indicator is set correctly in order to ensure that the correct tax and exchange rate are applied to the payment.
    Related Information: For more information on the SAP FS-PE Payment Engine, please refer to the SAP Help Portal.

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foreign country indicator - Related SAP Terms

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