In SAP, the TCode FB1K is used for Posting Vendor Payments. It is a part of the Financial Accounting (FI) module and specifically used for posting payments to vendors, which are typically made in the form of bank transfers or checks.
Purpose of FB1K:
Posting Payments to Vendors: It allows the user to record vendor payments (like when you settle open invoices) in the system.
Integration with Accounts Payable: It helps clear outstanding vendor invoices and ensures that the payment is reflected in the general ledger (G/L) and accounts payable (A/P) ledger.
