What is Disbursements in Transit in SAP PSM-FG - Functions for U.S. Federal Government?

SAP Term: Disbursements in Transit

• Component: PSM-FG

• Component Name: Functions for U.S. Federal Government

• Description: Name given to the account maintained by agencies of the U.S Federal Government containing postings re payment details sent to the Treasury for which no check information has been received back from the Treasury.

Smart SAP Assistant

• Key Concepts: 
  Disbursements in Transit is a feature of the PSM-FG Functions for U.S. Federal Government component of SAP. It allows for the tracking of payments made to vendors that have not yet been received by the government agency. This feature helps to ensure that all payments are accounted for and that no funds are lost in transit.
  
  How to use it: 
  To use Disbursements in Transit, the user must first enter the payment information into the system. This includes the vendor name, payment amount, and payment date. Once this information is entered, the system will track the payment until it is received by the government agency. The user can then view a report of all payments in transit and their status.
  
  Tips & Tricks: 
  When entering payment information into the system, it is important to double-check all details to ensure accuracy. This will help to ensure that all payments are tracked correctly and that no funds are lost in transit. Additionally, it is important to regularly review the report of payments in transit to ensure that all payments have been received by the government agency.
  
  Related Information: 
  The Disbursements in Transit feature is part of the PSM-FG Functions for U.S. Federal Government component of SAP. This component also includes features such as Payment Processing, Vendor Master Data Management, and Payment Reconciliation.