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Set Up All Company Codes for Payment Transactions

In this activity, you make specifications for all company codes involved in payment transactions.

For each company code, you make the following specifications:

You assign a paying company code to each company code. This means that you can have one company code process payment transactions centrally for several company codes.
For more information about cross-company code settlement, see the SAP Library under Financials -> Financial Accounting -> Accounts Receivable (or Accounts Payable) -> FI - Accounts Receivable and Accounts Payable -> Payments.
Select the field if you wish to use payment method supplements, and then define the payment method supplements in the activity Define Payment Method Supplements.
If you wish to display the Payment method supplement field in the line item display for customers and vendors, you can define the corresponding display variants. The same applies to the functions for displaying payments and paid items when displaying payment proposals. For this, choose the following activities:
The payment program uses these entries to determine the cash discount strategy for the company code.
Specify which special G/L transactions are to be settled for customers and vendors.
Example: FPA
F = Down payment request
P = Payment request
A = Down payment on current assets

Requirements

You have defined which company codes are to be involved in payment transactions.

Activities

Make the required entries.

Further Notes

For more information about Customizing for payment transactions, see the SAP Library under Financials -> Financial Accounting -> Accounts Receivable (or Accounts Payable) -> FI - Accounts Receivable and Accounts Payable -> Payments.