IHC Payment Order 

Definition

This is used to enter a payment transaction. An IHC payment order documents a payment from a bank account to a recipient account and contains a payer and a recipient position. The IHC payment order holds these payment items together but strictly speaking it does not post anything.

There are various types of IHC payment orders:

·        Internal IHC payment orders

IHC payment orders with a payment order recipient in the same group. In this case the system generates internal posting items.

·        External IHC payment orders

IHC payment orders with a payment order recipient not in the same group. In this case the system passes the recipient items to the external system for payment transactions which in turn forwards the postings to the relevant subledger.

Use

Create manually

You can use the following functions to manually process IHC payment orders:

·        IHC Payment Order Browser

·        Create IHC Payment Order

·        Edit IHC Payment Order

·        Display IHC Payment Order

Create automatically

In addition to manually created IHC payment orders, there are cases in which the system automatically creates IHC payment orders. An automatically created payment order can result from the following:

·        An incoming IDoc from a subsidiary system

·        An external bank statement

·        Treasury Management

You can tell where the payment order originates from by looking at the Input Channel in the management data of the IHC payment order.

For information on the different uses of payment orders and IHC payment orders, see IHC Payment Order Versus Payment Order.

Structure

An IHC payment order comprises the following tab pages:

·        Overview

·        Payer/Beneficiary

·        Recipient/Payer

·        Administration and Reference Documents

·        Logs

Note the umbrella terms used in the documentation which refer to the following components of the IHC payment order:

Payment transaction	Component of the IHC payment order
Bank transfer etc.	Payer	Payment recipient
Debit memo	Payee	Payer
Umbrella term	Order initiator	Order recipient

 

Integration

The input options available to you depend on the transaction type settings. You will find these settings in Customizing under Account Management ® Payment Processes in In-House Cash ® Define Transaction Types.