Finance Automatic Payment Program

7/28/2019 Finance Automatic Payment Program

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SAP FI Payment Processing

Classified - Internal use


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Agenda

I: Purpose of Automatic Payment Program

II: Implementation Considerations

III: Features

IV: Executing the Payment Program

V: Demo



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I: Purpose of Automatic Payment Program

Developed for international and local payment

transactions with customers and vendors, and can

be used for both incoming and outgoing payments.



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II: Implementation Considerations

Configuring the payment program Setup the House Banks and Bank Accounts

Set up Payment Methods

Set up Payment Forms

Master Data Set up: Bank Master Data

Vendor Master Data

Payment program configuration involves determining What is to be paid.

When payment is carried out. To whom the payment is made.

How the payment is made.

From where the payment is made.



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House Bank

The banks with which our company maintains ourbank accounts are referred to as house banks.

We define these banks in the system under a house

bank key (bank ID). We store the accounts that we

maintain at these banks under an account ID. Foreach bank account, we create a G/L account in the

system.



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Payment Method

The payment method specifies the procedure, suchas check, transfer or bill of exchange, by which

payments are made.



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Forms

This represents the form that is used in the paymenttransaction. This contains the details of the payment

made.



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Bank Master Data



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Vendor Master Data



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Vendor Master Data



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Payment Program Settings

You initially need to make some basic decisions for eachcompany code used by the payment program. Thesetting of tolerance days for the payment of payables isone such decision. Since the payment program can beused for more than one company code, you must also

specify the company code that is making the payment. Further control over the payment program can be

achieved if you specify the following:

How open items are selected, and if required grouped togetherfor one payment

The payee How the payment method is selected

How the bank is selected

Which forms to use



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III: Features

The payment program lets you handle both outgoingand incoming payments.

Can be used for local and international payments.

The standard payment methods include check,transfer, etc.

Other special features include: Clearing open items between customers and vendors

Cross-company payments

Paying or clearing any type of open item, for example

clearing down payments

Restricting access to the payment program by assigningauthorizations



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IV: Executing the Payment Progam



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Payment Program details

Step 1: Set up Parameters We define the settings the system will use in determining

which open items to pay, what payment methods to use,

and what information will be captured in the payment log.



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Transaction F110 Set Parameters



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Next, you inform the system on what

values of documents to include



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We are asking the system to log the following events:

Due date check - used to keep a log of the due datechecking of open items

Payment method selection in all cases - used to keep a

log of all payment methods and banks selected during a

payment run

Payment method selection if not successful - attempted

selection of the payment method and bank is recorded

in the log if no permissible payment method or bank is

found

line items of the payment documents - displayed hereare the line items to be posted in the payment

document



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Transaction F110 Run Proposal

You are scheduling the payment proposal in this step The proposal acts as simulation of an actual run to

allow you to perform an analysis and make any

necessary adjustment prior to the live run

Although no postings are made by the system at this

point, items selected during the proposal run cannot

be selected by any subsequent payment run. This

prevents duplicate payments from being made. Note - these items are "selected" until the proposal is

either deleted or the payment run is completed.



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Transaction F110 Payment List



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Transaction F110 - Printout



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Payment Form



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Payment Run for Customers



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V: DEMO


Finance Automatic Payment Program

Documents

Transcript of Finance Automatic Payment Program