Creating Standing Instructions for Payment Details 

Procedure

1. Choose Master Data ® Business Partner ® Standing Instructions.

2. Enter the business partner and the company code.

3. Choose the Payment details tab page.

4. You can define several types of payment details for each business partner and each currency. Using a Payment details ID you can define yourself together with a currency, the system identifies the payment detail that are valid.

The House bank and Account ID fields define the bank data of your own house bank.

By choosing Payment activity and Payment request, you can determine whether a payment involves a payment activity (active initiation of a payment with a payment program) and how the payment should be updated. The payment program you choose determines the posting logic.

You specify the payment methods to be used (credit transfer, check) for each payment program using the Payment method and/or Payment method supplement fields.

If payment involves a payment activity, you also have to enter a Payer so that corresponding payments can be generated by payment program. You must specify a Partner bank ID if you explicitly want to choose a business partner bank account. Otherwise, the bank details are transferred from the business partner data. You can also display Payers other than the business partner.

For payments with payment requests, you can also decide whether payments can be grouped (netted), and if so, how.

To see which entry fields are required, optional or obsolete, see the Input Help: Payment Details

5. By choosing (Assign), the Change Business Partner: Payment Details screen appears with the tab page Assignment. Here, you specify the financial transactions for which the payment details you have selected apply.

 By choosing (Import from other partner) you can copy the Standing instructions: Payment details for another business partner.

Assignments can be made at the following levels:
    1. Contract type (1 Loan, 2 Security, 4 Foreign exchange, 5 Money market, 6 Derivatives)
    2. Product category

      3. The choice of product types available depends on the settings you made in Customizing.

    3. Transaction type

The choice of product types available depends on the settings you made in Customizing.

There are several ways of making assignments:
    1. Select the contract types/product categories/product types/transaction types in the list.

      2. If you have selected a node high-level node, you cannot deselect the nodes below that are selected automatically.

    2. Use the pushbutton to make your selections that the input help offers. Here, you can enter the assignment you want to make directly. The crosses are marked in the list according to the selections you make. This function is only available for assigning incoming and outgoing payments.
    3. Use the (Select all) pushbutton to authorize the business partner for all contract types, and use the (Deselect all) pushbutton to undo these settings. You can only use these functions for assigning incoming and outgoing payments.

You have to make these assignments for the payment details to be proposed as standing instructions when you enter a transaction.

6. Save your data.