What is advance refund payment in SAP SLL - Global Trade Services?

SAP Term: advance refund payment

• Component: SLL

• Component Name: Global Trade Services

• Description: Money paid by customs authorities in the European Union to an agricultural exporter immediately after receipt of the application for an export duty refund. The standard procedure is for the customs authorities to pay the refund at the end of the month or at the end of the quarter. The basis of the advance refund payment is the proforma invoice.

Smart SAP Assistant

• Key Concepts: 
  Advance refund payment is a feature of SAP's Global Trade Services (GTS) component that allows customers to receive a refund for goods or services before they are delivered. This feature is especially useful for customers who need to make payments in advance, such as those in the import/export business. 
  
  How to use it: 
  To use the advance refund payment feature, customers must first set up a payment agreement with their supplier. This agreement should include the terms of the refund, such as the amount and when it will be paid. Once the agreement is in place, customers can then initiate an advance refund payment request in SAP GTS. The request will be sent to the supplier, who will then process the payment and issue a refund. 
  
  Tips & Tricks: 
  When setting up an advance refund payment agreement, it is important to ensure that all terms are clearly defined and agreed upon by both parties. This will help avoid any misunderstandings or disputes down the line. Additionally, customers should keep track of all payments and refunds to ensure that they are being processed correctly. 
  
  Related Information: 
  For more information on SAP GTS and its features, please visit the official SAP website at www.sap.com. Additionally, there are many online resources available that provide detailed tutorials and guides on how to use SAP GTS.