What is payment status in SAP SCM-ICH-IV - Invoice?

SAP Term: payment status

• Component: SCM-ICH-IV

• Component Name: Invoice

• Description: Information about the status of an invoice. This includes the invoice confirmation with the confirmed quantities and the payment advice with the quantities to be paid for, the cash discount and the withholding tax amount.

Smart SAP Assistant

• Key Concepts: 
  Payment status is a field in the Invoice Verification component of SAP that indicates the current status of a payment. It can be used to track the progress of payments and to identify any potential issues. The payment status can be one of several values, including “Open”, “Paid”, “Partially Paid”, “Rejected”, and “Cancelled”. 
  
  How to use it: 
  The payment status field can be found in the Invoice Verification component of SAP. To view the payment status of an invoice, open the invoice in the Invoice Verification component and look for the “Payment Status” field. The value in this field will indicate the current status of the payment. 
  
  Tips & Tricks: 
  If you are having trouble locating the Payment Status field, try using the search bar at the top of the Invoice Verification component. This will allow you to quickly find any fields related to payment status. 
  
  Related Information: 
  For more information on how to use the Payment Status field in SAP, please refer to SAP Help documentation.