Payment (SAP Library - Derivatives)

Payment

Features

You have two payment programs available:

The standard payment program from FI settles open items from the accounts receivable/payable area.

The enhanced payment program also covers G/L accounts. Unlike the standard payment program, the open items (FI documents) are not the basis for payment but rather the payment requests.

Use

If transactions are concluded with a business partner that does not have a house bank account but whose bank details are known and each transaction will not be paid actively, you can generate payment requests that will be processed through the enhanced payment program. This allows you to collectively settle transactions that have been grouped together.

Examples:

Several transactions are concluded with a business partner that is not a house bank;
When you post to the fixed-term deposit balance sheet account, you generate payment requests at the same time;
All transactions are managed on the payment request clearing account;
All transactions can be brought together/netted;
When the time of payment arrives, a payment run is triggered in accounting and the payment amount is posted to the bank clearing account;
A payment medium is generated at the same time that is passed on to the house bank;
Posting to the bank acount takes place when you receive the account statement one day later.