What is recall in SAP FS-PE - Payment Engine?

SAP Term: recall

• Component: FS-PE

• Component Name: Payment Engine

• Description: Instruction of the ordering party that orders or items already sent by the ordering party are not processed at the recipient bank. A distinction is made between the recall of an order and that of an item.

Smart SAP Assistant

• Key Concepts: 
  Recall is a feature of the FS-PE Payment Engine in SAP that allows users to reverse a payment document that has already been posted. This feature is useful for correcting errors or reversing payments that have been made in error. 
  
  How to use it: 
  To use the recall feature, users must first select the payment document they wish to recall. Then, they must enter the reason for the recall and click the “Recall” button. The payment document will then be reversed and the funds will be returned to the sender. 
  
  Tips & Tricks: 
  It is important to note that the recall feature can only be used on payment documents that have already been posted. It cannot be used on documents that are still in draft status. Additionally, it is important to double-check all information before initiating a recall, as it cannot be undone once it has been completed. 
  
  Related Information: 
  For more information on using the recall feature in SAP, please refer to the SAP Help documentation or contact your system administrator.