Payments by Foreign Bank Transfer 

Use

The system comes with all the settings you need to make foreign bank transfers with the Payment Medium (Japan) – DME Abroad report. Companies in Japan can use this report to create electronic files and mail payment orders for foreign bank transfers in the format prescribed by the Japanese Bankers Association.

Features

You generate the payment media using the Payments program in conjunction with the supplied payment method E (foreign transfer) and the Payment Medium (Japan) – DME Abroad report (RFFOJP_L). This report also allows you to print the accompanying payment advice notes, DME accompanying notes, and payment summaries.

Activities

Customizing

Set up the payment method E in Customizing for Financial Accounting (FI) by choosing Accounts Receivable and Accounts Payable  ® Business Transactions ®Outgoing Payments ® Automatic Outgoing Payments ®Payment Method/Bank Selection for Payment Program ® Set Up Payment Methods per Country for Payment Transactions.

Then, carry out the relevant settings in the other IMG activities under Accounts Receivable and Accounts Payable  ® Business Transactions ® Outgoing Payments ®Automatic Outgoing Payments ® Payment Method/Bank Selection for Payment Program.

Master Data

In the vendor master record, enter the vendor’s bank details on the Payment Transactions screen as usual. In addition, enter the account holder’s name and the payee’s bank control key. Also enter a payment instruction key.

Periodic Processing

When you execute the program, the system automatically generates a DME file with the payment instructions and any printouts that you want.

For more information about the payment program in general, see Payments.