What is payment reference number in SAP SD - Sales and Distribution?

SAP Term: payment reference number

• Component: SD

• Component Name: Sales and Distribution

• Description: A number assigned by vendors in Nordic countries to outgoing invoices. Companies in Switzerland that issue invoices with inpayment slips also print a payment reference number on the slip. When the customer pays the invoice, it quotes the payment reference number, which enables the vendor to match the payment to the invoice more quickly. The payment reference number consists of a sequential number and a check digit. Each country has its own rules as to how the check digit is calculated. Furthermore, each country has its own term for the payment reference number. In Denmark, it is known as OCR-linie; in Finland, viitenumero; in Norway, betalingsreferanse or KID kode; and in Sweden, OCR-nummer.

Smart SAP Assistant

• Key Concepts: 
  A payment reference number is a unique identifier assigned to a payment transaction in SAP Sales and Distribution (SD). It is used to track payments and ensure that the correct amount is credited to the right account. The payment reference number is also used to reconcile payments between different systems. 
  
  How to use it: 
  In SAP SD, the payment reference number is generated automatically when a payment is made. It can be found in the payment document, which can be accessed from the Sales Order or Payment Document screen. The payment reference number can also be found in the Payment Log, which can be accessed from the Payment Document screen. 
  
  Tips & Tricks: 
  When entering a payment reference number into SAP SD, make sure to enter it exactly as it appears on the payment document. If there are any discrepancies between the payment reference number and the payment document, it could lead to incorrect payments being credited to the wrong account. 
  
  Related Information: 
  The payment reference number is closely related to other SAP SD terms such as customer invoice numbers, customer order numbers, and customer account numbers. All of these terms are used to track payments and ensure that they are credited correctly.