What is 'payer' in SAP SD - Sales and Distribution?

payer - Overview

• Component: SD

• Component Name: Sales and Distribution

• Description: A business partner who makes payments. The payer does not have to be the same as the bill-to party.

payer - Details

• 
  Key Concepts: 
  A payer in SAP Sales and Distribution (SD) is a customer who is responsible for paying for goods or services. The payer is typically the same as the bill-to party, but it can also be a different entity. The payer is usually the legal entity that is responsible for the payment of invoices. 
  
  How to use it: 
  In SAP SD, the payer is entered in the customer master record. This information is then used to determine who will be responsible for payment of invoices. The payer can also be specified in sales orders and delivery documents. 
  
  Tips & Tricks: 
  When entering a payer in SAP SD, make sure to double-check that the information is correct. This will ensure that invoices are sent to the correct party and that payments are received on time. 
  
  Related Information: 
  The payer is related to other customer master data such as the bill-to party, ship-to party, and contact person. It is important to ensure that all of this information is accurate and up-to-date in order to ensure smooth processing of orders and payments.