What is transit trade in SAP SRD-FIN-ACP - FIN-Payables?

SAP Term: transit trade

• Component: SRD-FIN-ACP

• Component Name: FIN-Payables

• Description: The buying and selling of goods via a foreign third party to a foreign business party without importing to or exporting from the country of the seller.

Smart SAP Assistant

• Key Concepts: 
  Transit trade is a type of international trade where goods are shipped from one country to another without being subject to customs duties or taxes. It is a form of indirect export, where goods are shipped from the exporting country to an intermediate country, and then to the importing country. In SAP, transit trade is managed through the SRD-FIN-ACP FIN-Payables component. 
  
  How to use it: 
  The SRD-FIN-ACP FIN-Payables component allows users to manage transit trade transactions in SAP. This includes setting up transit trade documents, such as invoices and payment requests, as well as tracking the status of transit trade shipments. Additionally, users can use this component to generate reports on transit trade transactions and view the status of shipments in transit. 
  
  Tips & Tricks: 
  When setting up transit trade documents in SAP, it is important to ensure that all required information is included. This includes the name and address of the exporter and importer, as well as the type of goods being shipped and their value. Additionally, users should ensure that all documents are properly signed and dated before submitting them for processing. 
  
  Related Information: 
  For more information on transit trade in SAP, users can refer to the official SAP documentation on SRD-FIN-ACP FIN-Payables. Additionally, users can contact their local SAP support team for assistance with setting up and managing transit trade transactions in SAP.