Procedure for Controlling Bank Selection
You can access the payment program via the Accounts Payable menu as well as the Accounts Receivable menu. Choose Periodic work
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Payments.
Determining Ranking Order of Bank Selection
To determine the ranking order of bank selection, proceed as follows:
- Choose Environment
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Maintain configuration. This takes you to the initial screen for configuring the payment program.
Choose Bank
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Bank selection. You receive a list of company codes for which payment methods have been defined.
Select a company code for which you want to make your specifications.
Give the ranking order for every payment method (starting with 1) and the Bank ID of the bank which is to be used for payments.
Only make an entry in the currency field if another ranking order is to apply, depending on a certain currency. If this is the case, insert corresponding entries for this currency.
Determining Available Amounts
To determine the available sums of money in your bank accounts, proceed as follows:
- Choose Environment
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Maintain configuration. This takes you to the initial screen for configuring the payment program.
Choose Banks
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Available amounts. You receive a list of company codes for which payment methods have been defined.
Select a company code for which you want to make your specifications.
For every bank, every account, and every currency enter the available sum of money into the column Outgoing payment. If there is no entry for the currency, the entry is valid in local currency. With this, determine the maximum amount which the payment program can take from this account.
If you always have sufficient means of payment in all your bank accounts, you can enter the amount 9,999,999,999 for all banks, all accounts, and all currencies during the setting up of the system.
Further information on defining banks and bank accounts can be found in
Bank Accounts and Bank Subaccounts