This section describes how to make the necessary specifications for the payment program.

Before you can use the payment program, you need to define:

• Your house banks and the accounts at your banks

• The required payment methods

• The necessary payment forms

Payment program configuration involves determining:

• What is to be paid. To do this, you specify rules according to which the open items are selected and grouped for payment.

• When payment is carried out. The due date of the open items determines when payment is carried out. However, you can specify the payment deadline in more detail via configuration.

• To whom the payment is made. You specify the payee.

• How the payment is made. You determine rules that are used to select a payment method.

• From where the payment is made. You determine rules that are used to select a bank and a bank account for the payment.

The above rules and conditions must be defined if the payment program is to determine the above-mentioned information automatically. However, you can also specify this information manually.

Most of the aforementioned specifications are company code-specific, enabling you to configure the payment program to suit the differing requirements of each company code.

• The settings for the payment program are made under Payment Program in the Accounts Receivable and Accounts Payable section of the Implementation Guide.