What is bank charge in SAP SRD-FIN-MOP - FIN-Payment Management?

SAP Term: bank charge

• Component: SRD-FIN-MOP

• Component Name: FIN-Payment Management

• Description: A fee imposed by a bank on a customer for the provision of a service. For example, a bank may impose a charge for cashing a check.

Smart SAP Assistant

• Key Concepts: 
  Bank charge is a fee charged by a bank for processing a payment. It is usually a percentage of the payment amount and is charged to the payer. In SAP, bank charge is managed through the component SRD-FIN-MOP FIN-Payment Management. 
  
  How to use it: 
  In SAP, bank charge can be managed through the SRD-FIN-MOP FIN-Payment Management component. This component allows users to set up bank charges for different payment methods and currencies. It also allows users to view and manage existing bank charges. 
  
  Tips & Tricks: 
  When setting up bank charges in SAP, it is important to ensure that the correct payment method and currency are selected. This will ensure that the correct bank charge is applied to each payment. 
  
  Related Information: 
  For more information on managing bank charges in SAP, please refer to the official SAP documentation on SRD-FIN-MOP FIN-Payment Management.