Dear everyone
I'm learning financial module at the moment, and I'm trying to understand the differences between payment advice notice and payment notice.
Would you help me what they are, and how they are used in business?
My understanding was that payment advice notice is to inform the customers that they can make payments in certain way (=payment method ex. cash, check, etc).
Payment notice on the other hand is to inform the vendors that you made certain payments, and they should check their bank account that
the money is actually transferred to their accounts.
But in SAP, there is a term called payment advise number in "post incoming payment (F-28)" which is used to select the open customer items to be cleared after the customer paid.
I'm getting confused about the relationships between payment advice notice, payment notice and payment advice notice in SAP...
Would you help me?
Kind regards
Takashi