Show TOC

Object documentationPayment Order

 

An order to a bank to transfer a payment from one bank account to one or more recipient accounts, for example, a bank transfer or a debit memo collection.

A payment order:

  • Consists of one ordering party position and one or more recipient positions

  • Is only a group of payment items and does not actually represent a posting

  • Always has a balance of zero

 

You use payment orders to document payments from a bank account to one or more recipient accounts. You can initiate payment orders either internally or externally.

When you post a payment order, the system generates payment items or positions that are updated on the respective customer accounts as specified in the payment order.

You can use payment orders to execute SEPA direct debits (SDD). For more information, see Creation of Payment Orders.