Payment Method 
Payment Method
Definition
A method that specifies how payment is to be made: check, bill of exchange, or bank transfer.
Prerequisites that have to be met are defined so that a payment method can be used (for example, bank information is necessary for transfers, the address for checks, limits for tax reporting, and so on).
Use
Customizing
Country Version Thailand comes with four payment methods for outgoing payments:
|
Payment method |
Name |
Comment |
|
A |
Uncrossed check |
Payee can cash the check over the counter. |
|
B |
Crossed check marked "&CO" |
Payee can only deposit the check in a company account. |
|
C |
Crossed check marked "A/C payee" |
Payee can only deposit the check in their own private account. |
|
T |
Bank transfer |
You can print out all three checks using the SAPscript form F110_TH_CHEQUE00.
Day-to-Day Activities
Handle outgoing checks using the generic
Check Management solution. The solution allows you to void checks and record when checks are cashed. We recommend that you also use it to record when you send a check to a vendor.