Open Items (SAP Library - Loans Management (TR-LO))

Open Items

Use

You can use the standard payment program to process domestic and international payment transactions with debtors and creditors.

For information on payment transactions in euros, refer to the IMG documentation (choose Cross-Application Components ® European Monetary Union - Euro) and the euro documentation in the SAP Library ( European Monetary Union: Euro (CA-EUR).).

Integration

The payment program is used by the following components:

Accounts Receivable (FI-AR)
Accounts Payable (FI-AP)
Treasury (TR)
Bank Accounting (FI-BL)

Prerequisites

For information about how to set up the payment program, choose AC - Accounting ® FI -Financial Accounting ® Accounts Receivable or Accounts Payable ® FI Accounts Receivable and Accounts Payable ® Payments ® Customizing the Payment Program in the SAP Library.

Features

You can use the payment program to process incoming and outgoing payments. You can define the payment environment (such as payment methods, payment forms or payment media) flexibly to reflect all national variations.

For each country, the common payment methods and corresponding forms are delivered with the standard system.

Standard payment methods include checks, bank transfers and bills of exchange. Country-specific payment methods, such as the POR procedure, bill of exchange payment requests and the PBC procedure, have also been defined.

Other special features:

Open items between customers and vendors are cleared
Payment across company codes - one company code processes payments centrally for other company codes
Payment or clearing of any open items, such as advance payments
You can assign authorizations to restrict the use of the payment program

This function is not supported for loans taken.

If you want to generate payment media for loans taken, you can use the payment program for payment requests.

See also: Payment Requests

Activities

1. Choose Accounting ® Generate Payments ® Open Items.

2. For information about the subsequent steps, choose AC - Accounting ® FI -Financial Accounting ® Accounts Receivable or Accounts Payable ® FI Accounts Receivable and Accounts Payable ® Payments ® Executing the Payment Program in the SAP Library.