Creating IHC Payment Orders 

Use

The IHC Payment Order is used to enter a payment transaction. There are four types of payment orders:

·        Internal bank transfers

·        External bank transfers

·        Internal debit memos

·        External debit memos

They differ in the default values that you entered in Customizing for the transaction type, and in the input options. However, they are created using the same procedure.

Procedure

       1.      Choose Account Management ® IHC Payment Orders ® Create Payment Order ® Bank Transfer or Debit Memo ® Internal Payment Order orInternal Payment Order.

       2.      Enter the data. Note the following:

¡        The order initiator (in other words, the first position in the IHC payment order) must exist in the current account system.

¡        You can enter an IHC payment order with a transaction currency that differs from the account currency of the order initiator and the account currency of the order recipient.

To do this, change the proposed transaction currency and enter the amount in the transaction currency. If the transaction currency is different from the account currency, the system displays the conversion rates stored for the currency pair in Financial Accounting (FI) on the Payer/Beneficiary tab page. The system shows two conversion rates. You can change these rates as necessary. In the case of an external IHC payment order you can only change the conversion rate for the order initiator and not for the order recipient.

For further information on currency conversion rates, see Processing Foreign Currencies.

       3.      Once you have entered the data, select one of the following processing options:

¡        Post

¡        Park

       4.      The system runs the relevant checks.

Result

·        If you choose park, the system does not yet post the IHC payment order but stores it with the status parked.

·        If you select post, the system generates payment items and posts them to the accounts entered in the IHC payment order or to provisional accounts. Depending on the settings you made in Customizing, the system flags the IHC payment order as either provisionally or finally posted.

·        If you have activated the amount-dependent principle of dual control for entering IHC payment orders, the IHC payment order is initially entered with the status transferred for posting. The payment order must be released by a different user who has the relevant authorization.

·        This function is found under Account Management ® IHC Payment Orders ® Edit Payment Order.

When you create an IHC payment order, the system opens a log. Here you will find all messages that the system output while processing the IHC payment order.