Make Central Settings for Payment Cards (SAP Library - Accounts Receivable and Accounts Payable)

Make Central Settings for Payment Cards

In this activity you make the following settings for payments that are made using payment cards:

You determine whether the customer item is retained in the accounting document when transferring data from Sales and Distribution (SD) to Financial Accounting (FI). The advantages of keeping the customer item in the accounting document are that the receivables against the customer are re-created automatically (meaning that the cleared items are reset) and can also be processed further in the dunning or payment program. If the customer items do not exist in the accounting document, you must create them again by making a posting.

You specify the type of settlement document if settlement is made by the payment card company. The settlement document clears the open items in the G/L account and generates items in a cash clearing account.

You specify a document type for resetting cleared items if settlement cannot be made by the payment card company.

Make all the settings described above.

You can find more information on payment cards in the "FI Accounts Receivable and Accounts Payable" documentation in the section on payments.