PAYMENT PRIORITY title: payment priority (FI) (SAP Library - Glossary)
PAYMENT PRIORITY category: Financial Accounting (FI)
PAYMENT PRIORITY explained:
In Russia, a means of classifying payment orders according to what order they must be paid in.
If a person or company does not have enough funds to cover all of the payment orders it has issued, they are required by law to prioritise them according to what the payments are for. For example, a company must give top priority to sick pay, but only fourth priority to tax remittance payments: it must pay its sick employees before it pays its taxes.
Each payment order bears a number that indicates its priority. For example, 1 denotes sick pay and alimony payments, and 4 denotes tax remittance payments.
More terms such as payment priority in Dictionary P.
- Manual Physical Path:
- Help The actual path that indicates where a resource or collection is physically stored in a file system or a WebDAV system payment priority definition.
- Manual Production Campaign Processing:
- Help Production processing using campaigns that aims at a more accurate distribution of costs to all orders involved payment priority explain.
- Manual Product (ICM):
- Help Sales product defined by marketing. A product may either be made up of several tariffs or allows special conditions on the basis of existing tariffs or is calculated on its own payment priority what is.
- Manual Planning Activity Area:
- Help Activity area that is use for planning and simulation in Labor Management payment priority meaning.
- Manual Piece List:
- Help A list of freely compilable objects that can serve as a template of an object collection. This collection of objects can be directly copied to a change request payment priority abbreviation.
