What is payment in SAP LO-AGR-STL - Agency Business Document, Settlement, Revenue Recognition?

SAP Term: payment

• Component: LO-AGR-STL

• Component Name: Agency Business Document, Settlement, Revenue Recognition

• Description: The transfer of money for goods received or issued, or equity due. Payments can be outgoing payment made to vendor or customer or incoming payment received from vendor or customer.

Smart SAP Assistant

• Key Concepts: 
  Payment is a financial transaction in which money is exchanged between two parties. In SAP, payment is a component of the LO-AGR-STL Agency Business Document, Settlement, Revenue Recognition module. This module is used to manage the settlement of agency business documents and the recognition of revenue. 
  
  How to use it: 
  The payment component of the LO-AGR-STL Agency Business Document, Settlement, Revenue Recognition module can be used to process payments for agency business documents. This includes creating payment documents, entering payment information, and reconciling payments. 
  
  Tips & Tricks: 
  When entering payment information into the system, it is important to ensure that all information is accurate and up-to-date. This will help to ensure that payments are processed correctly and efficiently. 
  
  Related Information: 
  For more information on the LO-AGR-STL Agency Business Document, Settlement, Revenue Recognition module, please refer to the SAP Help Portal.