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Set Up Bank Determination for Payment Transactions

In this activity, you make settings that the payment program uses to select the banks or bank accounts from which payment is to be made. You define the following:

  • Ranking order of banks
You specify which house banks are permitted and rank them in a list.
  • Bank accounts
For each house bank and payment method (and currency, if required), you specify which bank account is to be used for payments.
  • Available amounts
For each account at a house bank, you enter the amounts that are available for the payment run. You enter separate amounts for incoming and outgoing payments. Specifying available amounts enables you to control which bank account is to be used for payments. You can specify the amounts depending on the value date at the bank.
  • Value date
You specify how many days elapse between the posting date of the payment run and the value date at the bank, dependent on the payment method, bank account, payment amount, and currency.
You can have the system determine the value date, taking into account the bank calendar and any individual arrangements made with the bank. To do so, choose the activity Define Value Date Rules
  • Fees/Charges
You define the charges that are printed on the bill of exchange forms (standard practice in Spain).

Recommendation

Available amounts

Update the amounts before each payment run.

Bank accounts

Use bank subaccounts to post incoming and outgoing payments (accounts for outgoing checks, outgoing bank transfers, incoming checks, and bank collection). For more information about bank subaccounts, see the SAP Library under Financials -> Financial Accounting -> Accounts Receivable (or Account Payable) -> FI - Accounts Receivable and Accounts Payable -> Payments.

Activities

1. Select the required company code from the list of paying company codes.
2. In the structure on the left of the screen, double-click the required function to select it (such as ranking order).
3. Make the necessary entries.

Further Notes

For more information about bank determination, see the SAP Library under Financials -> Financial Accounting -> Accounts Receivable (or Accounts Payable) -> FI - Accounts Receivable and Accounts Payable -> Payments