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

SAP Term: reservation

• Component: FS-PE

• Component Name: Payment Engine

• Description: Reservation allows to reserve amounts on the account prior to the posting of payments. A reservation system connected to the needs to be specified in the relevant Customizing activity.

Smart SAP Assistant

• Key Concepts: 
  Reservation in the FS-PE Payment Engine is a feature that allows users to reserve funds for a specific purpose. This feature helps to ensure that the funds are available when needed and that they are not used for any other purpose. The reservation feature also helps to prevent double payments and other errors. 
  
  How to use it: 
  To use the reservation feature, users must first create a reservation in the system. This can be done by entering the details of the payment, such as the amount, currency, and purpose of the payment. Once the reservation is created, users can then view and manage their reservations in the system. 
  
  Tips & Tricks: 
  When creating a reservation, it is important to ensure that all of the details are accurate and up-to-date. This will help to ensure that the funds are available when needed and that there are no errors or double payments. Additionally, it is important to keep track of all reservations in order to ensure that they are not forgotten or used for any other purpose. 
  
  Related Information: 
  For more information on how to use the reservation feature in FS-PE Payment Engine, please refer to SAP’s official documentation. Additionally, there are many online resources available that provide tips and tricks for using this feature effectively.