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

SAP Term: remittance

• Component: FS-PE

• Component Name: Payment Engine

• Description: A payment of an invoice or a bill.

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• Key Concepts: 
  Remittance is a term used in the SAP FS-PE Payment Engine to refer to the process of sending payments to vendors or customers. It involves creating a payment document, which contains all the necessary information about the payment, such as the amount, currency, and payment method. The payment document is then sent to the vendor or customer for processing. 
  
  How to use it: 
  In order to use remittance in SAP FS-PE Payment Engine, you must first create a payment document. This can be done by entering the necessary information into the system, such as the amount, currency, and payment method. Once this is done, you can then send the payment document to the vendor or customer for processing. 
  
  Tips & Tricks: 
  When creating a payment document in SAP FS-PE Payment Engine, it is important to double-check all of the information entered into the system before sending it off. This will ensure that all of the necessary information is included and that there are no errors in the document. Additionally, it is important to keep track of all payments sent out so that you can easily reference them in the future. 
  
  Related Information: 
  For more information on remittance in SAP FS-PE Payment Engine, please refer to SAP’s official documentation on the topic. Additionally, there are many online resources available that provide helpful tips and tricks for using remittance in SAP FS-PE Payment Engine.