Payment Details 
Use
The data necessary for payment (Bank details, payment methods) between your own company and the respective business partner is entered in the Payment details.
Prerequisites
If you have maintained the payment details in the standing instructions, they appear as proposals when you create the transaction based on the product type, transaction type, and currency. Otherwise, you can enter them for each transaction.
Activities
Input Help for Payment Details tells you when entry fields are required and when they are optional.When you save the transaction, the payment details you have entered are saved.
Features
In addition to the Payer/payee of transaction (= Business partner) in the basic data screen, the Alternative payer/payee entered as a partner can be seen here.
Payer and alternative payer:
- If the business partner is a house bank, then an entry in the payment field is not required as the payment is only taking place via the house bank account.
- If a business partner is not a house bank, then you must enter a payer in the payment details for the transaction.
- Business partner makes payment: The business partner is proposed by the system as the payer provided that the bank details are maintained in the business partner’s master record.
- Business partner does not make the payment: If the payment is not made by the business partner, another business partner must be entered as the payer whose bank details must be maintained in the system.
Independent of whether the business partner makes his payments or not, the following applies:
The entry in the "Payer" field specifies for whom the payment is being made. To whose account the payment is made depends on the master record of the business partner entered as the payer in the payment details of the transaction.
- The business partner specified as the payer makes his own payments: There is no "Alternative payer" entered in the master record of the business partner who is specified in the payment details for the transaction as payer. He, therefore, usually makes his own payments. The referenced bank details in the payment details of the transaction are taken from the master record of the payer. If no "alternative payer" is entered in the master record of the payer, the payment is made to the account of the payer for the payer.
- The business partner specified as payer makes his payments via a third party: There is an "Alternative payer" entered in the master record of the business partner who is specified in the payment details for the transaction as payer. Payments for the business partner (here, the payer) are generally made via the account of the alternative payer. The referenced bank details in the payment details for the transaction are taken from the master record of the alternative payer. The alternative payer must be a business partner and his bank details must have been maintained. If an "alternative payer" is entered in the master record of the payer, the payment is made to the account of the alternative payer for the payer.