What is payer in SAP SRD-MD-BP - FDN-Business Partner?

SAP Term: payer

• Component: SRD-MD-BP

• Component Name: FDN-Business Partner

• Description: A person or company that pays the invoice. The payer can, but does not have to be, the bill-to party in the invoice.

Smart SAP Assistant

• Key Concepts: 
  A payer is a business partner in SAP that is responsible for making payments. This could be a customer, vendor, or other third-party. The payer is identified by a unique ID and is associated with a specific payment method. 
  
  How to use it: 
  In SAP, the payer can be set up in the Business Partner component of the SRD-MD-BP FDN. This component allows you to create and manage payers, as well as assign them to specific payment methods. Once the payer is set up, it can be used to make payments in SAP. 
  
  Tips & Tricks: 
  When setting up a payer in SAP, it is important to ensure that all of the necessary information is entered correctly. This includes the payer’s name, address, and payment method. Additionally, it is important to ensure that the payer is associated with the correct payment method. 
  
  Related Information: 
  For more information on setting up and managing payers in SAP, please refer to the SAP Help documentation. Additionally, there are many online resources available that provide detailed instructions on how to use the Business Partner component of SRD-MD-BP FDN.