What is 'internal reconciliation report' in SAP FS-PE - Payment Engine?

internal reconciliation report - Overview

• Component: FS-PE

• Component Name: Payment Engine

• Description: See the context information.

internal reconciliation report - Details

• 
  Key Concepts: 
  An internal reconciliation report is a report generated by the SAP FS-PE Payment Engine component. It is used to compare the payments made by an organization to its vendors with the payments received from its customers. The report helps to identify any discrepancies between the two sets of payments and can be used to ensure that all payments are accounted for and that no money is lost or unaccounted for. 
  
  How to use it: 
  The internal reconciliation report can be generated in SAP by navigating to the FS-PE Payment Engine component and selecting the “Generate Internal Reconciliation Report” option. This will generate a report that compares the payments made by an organization to its vendors with the payments received from its customers. The report will list any discrepancies between the two sets of payments, allowing users to identify any potential issues or errors. 
  
  Tips & Tricks: 
  It is important to regularly generate an internal reconciliation report in order to ensure that all payments are accounted for and that no money is lost or unaccounted for. Additionally, it is recommended that users review the report carefully and take action on any discrepancies identified in order to prevent any potential issues or errors. 
  
  Related Information: 
  For more information on how to generate an internal reconciliation report in SAP, please refer to the SAP Help documentation