Settling Payment Cards 

Use

In payment card settlement, individual postings are accumulated into a header account for the clearing house (account number 146500, payment card receivables) and are displayed as a total value in the relevant interim bank account (account number 113105, other interim postings). The interim account contains the receivables from the clearing house, which are determined by a settlement run (in this case, only simulated) and which must then be paid.

Paying the clearing house receivables clears the interim bank account.

Procedure

Before you start the settlement run, you display the balance in the Payment Card Receivables account.

  1. Call up the transaction as follows:
    2.

    Menu Path

    Accounting ® Financial Accounting ® General Ledger ® Account ® Display Balances

    Transaction Code

    FS10N

  2. Enter the following data:
    3.

    Field

    Data

    G/L account

    146500

    Company code

    1000

    Fiscal year

    Current year

  3. Choose .

    4. You now see the balance of the header account. To display all of the line items for the selected period, position your cursor on the relevant line, then choose .

  4. Choose until the overview tree appears.
  5. Call up the transaction as follows:
    6.

    Menu Path

    Accounting ® Financial Accounting ® Accounts Receivable ® Periodic Processing ® Payment Cards ® Settle

    Transaction Code

    FCC1

  6. Enter the following data:
    7.

    Field

    Data

    Company code

    1000

    Payment card receivables

    146500

    Payment card type

    VISA

    Document type

    AB

    Document date

    Today

    Posting date

    Today

    Detail log

    Select

    Update run

    Select

  7. Choose .

    8. The system transfers the data to the clearing house. You can then call up a log for the settlement.

    Ignore any error messages, as they refer to immediate triggering of the settlement with the clearing house, which is not the case in this simulation.

  8. Choose until the overview tree appears.
  9. To display the account postings generated by this settlement run, repeat steps 1 to 4. Note the balances of the following accounts:
    10.

    Account

    Number

    Payment card receivables

    146500

    Other interim postings

    113105

    Program RFCCSIMU lets you simulate the response from the clearing house to a settlement run for payment cards. For further information, see the program documentation (transaction SE38).

  10. Choose until the overview tree appears.