What is remittance advice in SAP SRD-FIN-MOP - FIN-Payment Management?

SAP Term: remittance advice

• Component: SRD-FIN-MOP

• Component Name: FIN-Payment Management

• Description: A notification message to the payee that a payment has been made, that includes remittance information. It can be mailed or sent electronically.

Smart SAP Assistant

• Key Concepts: 
  Remittance advice is a document sent by a payer to a payee to inform them of the payment that has been made. It is used in SAP's SRD-FIN-MOP FIN-Payment Management component to provide information about the payment, such as the amount, date, and reference number. 
  
  How to use it: 
  In SAP's SRD-FIN-MOP FIN-Payment Management component, remittance advice can be generated for each payment. This document can be printed or emailed to the payee. It can also be used to reconcile payments with invoices. 
  
  Tips & Tricks: 
  When generating remittance advice, make sure to include all relevant information such as the payment amount, date, and reference number. This will help ensure that the payee receives accurate information about the payment. 
  
  Related Information: 
  For more information about remittance advice in SAP's SRD-FIN-MOP FIN-Payment Management component, please refer to the official SAP documentation.