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

SAP Term: return

• Component: FS-PE

• Component Name: Payment Engine

• Description: A return posting of a recipient item to the initiating financial institution.

Smart SAP Assistant

• Key Concepts: 
  Return is a process in the FS-PE Payment Engine of SAP that allows customers to return payments that have already been made. This process is used when a customer has made an incorrect payment or when a payment needs to be reversed for any other reason. 
  
  How to use it: 
  To use the return process in the FS-PE Payment Engine, the customer must first log into their SAP account and navigate to the FS-PE Payment Engine. Once there, they can select the “Return” option from the menu. This will open up a form where they can enter the details of the payment they wish to return, such as the amount, date, and reason for the return. Once all of the information has been entered, they can submit the form and the payment will be returned. 
  
  Tips & Tricks: 
  When returning a payment, it is important to make sure that all of the information entered is accurate and up-to-date. This will ensure that the payment is returned correctly and without any issues. Additionally, it is important to keep track of all payments that are returned as this can help with accounting and reconciliation processes. 
  
  Related Information: 
  For more information on how to use the return process in SAP’s FS-PE Payment Engine, please refer to SAP’s official documentation on their website. Additionally, there are many online tutorials and videos available that can provide further guidance on how to use this feature.