How to use OVFE - Payment guarantee procedure

SAP Transaction Code - Details

• Transaction Code: OVFE

  Description: Payment guarantee procedure

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: VKM

    Package Description:

    Parent Package:

  • Module/Component:

    Description:

Smart SAP Assistant

• SAP Tcode: OVFE - Payment guarantee procedure

  
  Overview:
  The SAP transaction code OVFE is used to manage payment guarantee procedures. It allows users to set up and maintain payment guarantee procedures, which are used to ensure that payments are made on time. This transaction code is part of the Financial Accounting (FI) module. 
  
  Functionality: 
  The OVFE transaction code enables users to set up and maintain payment guarantee procedures. This includes setting up the payment guarantee procedure, assigning it to a vendor, and setting up the payment terms. It also allows users to view and edit existing payment guarantee procedures. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code OVFE in the command field. 
  2. Select the “Create” option from the menu bar. 
  3. Enter the details of the payment guarantee procedure, such as the vendor, payment terms, and other relevant information. 
  4. Select “Save” to save the changes. 
  5. To view or edit an existing payment guarantee procedure, select “Display” from the menu bar and enter the relevant details. 
  6. To delete a payment guarantee procedure, select “Delete” from the menu bar and enter the relevant details. 
  
  Other Recommendations: 
  It is important to ensure that all payment guarantee procedures are set up correctly in order to ensure that payments are made on time. It is also important to regularly review existing payment guarantee procedures to ensure that they are still valid and up-to-date.