Payment Item 

Definition

A payment item is an individual posting on a current account. The payment item can either originate from an internally initiated payment transaction (entered directly or during posting of a payment order) or from an externally initiated payment transaction.

An item can be posted, parked, or placed in postprocessing. The status Parked means that it has already been assigned to an account but is not yet included in the account balance.

A payment item is a one-sided turnover on a current account, representing either a credit or a debit.

Structure

A payment item can consist of more than one position, which can be the case, for example, with account balancing items. Items created internally and items transferred from the payment transaction system consist of one position or item. You can, however, create one or more additional positions (such as charges, tax or interest penalty) during posting.

Every payment item comprises information regarding:

·        The transaction type describing how the item was updated.

·        The medium via which the item or the payment order belonging to the item was brought to the bank.

·        The payment method with which the corresponding item was forwarded.

·        The value date from when interest and charges are applicable.

The system successfully posts the payment item only if the value date lies within the time limit that you define in either of the following features:

¡        Value date conditions

¡        Value date limits

You define the value date limits in Customizing for Bank Customer Accounts by choosing Account Management ® Default Values ® Define Limits for Value Date.

If customer fields were maintained in Customizing for the bank area, they are also available and transferred from the system to the bank statement.

You can differentiate payment items according to the following criteria:

·        Status: Depending on whether the item is “in postprocessing” or “posted”, there are various options for editing the item.

·        The account to which the item was posted: CpD (suspense), clearing account, and other accounts.