Show TOC

 Payment Item

Definition

A one-sided turnover on an account, which represents a credit or a debit. A payment item can consist of one or more payment item positions, which can have any combination of debit and credit. If, for example, you define a charge for posting items, two positions are created: one for the transaction and another for the charge.

The payment item can originate from a payment transaction that was either internally initiated (entered directly or created when you post a payment order) or externally initiated.

Structure

Every payment item comprises information regarding:

  • The account that is affected and the amount of the payment transaction

  • 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 date from when the transaction becomes interest effective (value date)

Positions

A payment item can consist of one or more positions, which can be the case, for example, with account balancing items. The system can automatically create additional positions (such as charges, tax, or interest penalty) for a payment item during posting.