What is periodic return in SAP (IS-PS-CA - Public Sector Contract Accounts Receivable and Payable)?

SAP Term: periodic return

• Component: IS-PS-CA

• Component Name: Public Sector Contract Accounts Receivable and Payable

• Description: Tax return the taxpayer has to hand in periodically for example monthly in contrast to a reconciliation return that reconciles all periods on an annual basis. Periodic returns are used for sales and use taxes, for example.

Smart SAP Assistant

• Key Concepts: 
  Periodic return is a feature of the IS-PS-CA Public Sector Contract Accounts Receivable and Payable component of SAP. It allows users to create periodic returns for their accounts receivable and payable transactions. This feature helps users to keep track of their financial transactions and ensure that all payments are made on time. 
  
  How to use it: 
  To use the periodic return feature, users must first create a periodic return template. This template will contain all the necessary information for creating a periodic return, such as the start and end dates, the payment terms, and any other relevant information. Once the template is created, users can then enter their accounts receivable and payable transactions into the template. The periodic return will then be generated automatically based on the information entered into the template. 
  
  Tips & Tricks: 
  When creating a periodic return template, it is important to ensure that all relevant information is included. This will help to ensure that all payments are made on time and that all transactions are accurately recorded. Additionally, it is important to review the periodic return regularly to ensure that all payments have been made and that no discrepancies exist. 
  
  Related Information: 
  For more information about the IS-PS-CA Public Sector Contract Accounts Receivable and Payable component of SAP, please refer to the official SAP documentation. Additionally, there are many online resources available which provide detailed tutorials on how to use this component of SAP.