What is bank charge type in SAP SRD-FIN-ACR - FIN-Receivables?

SAP Term: bank charge type

• Component: SRD-FIN-ACR

• Component Name: FIN-Receivables

• Description: A classification of the different deductions a bank can make from a transaction or an account balance, in payment for the service provided.

Smart SAP Assistant

• Key Concepts: 
  A bank charge type is a type of fee that is charged by a bank for processing payments. It is used in SAP's SRD-FIN-ACR FIN-Receivables Accounting component to identify the type of fee that is being charged for a particular payment. 
  
  How to use it: 
  In order to use the bank charge type, you must first create a bank charge type in the system. This can be done by going to the Bank Charge Type Maintenance screen in the SRD-FIN-ACR FIN-Receivables Accounting component. Once the bank charge type has been created, it can be assigned to a payment document when it is created. 
  
  Tips & Tricks: 
  When creating a bank charge type, make sure to enter all relevant information such as the name of the fee, the amount of the fee, and any other details that may be necessary. This will ensure that all fees are properly identified and accounted for. 
  
  Related Information: 
  For more information on how to use the bank charge type in SAP's SRD-FIN-ACR FIN-Receivables Accounting component, please refer to SAP's documentation on the topic.