All about Automatic Payment Run Introduction The Payment Process includes the Following Steps 1. Invoices are Entered 2. Pending Invoices are analyzed for due date 3. Invoices due for payment are prepared for review 4. Payments are approved or modified 5. Invoices are paid A consistently high volume of invoices have to be processed. Accounts Payable Invoices have to be paid on time to receive possible discounts. The accounting department wishes to perform this processing of invoices automatically. The Automatic Payment Program is tools that will help users manage payable. SAP gives users the options to automatically: 1. Select Open(Pending) Invoices to be paid or collected 2. Payment Documents to be posted 3. Print Payment Media or generate EDI The Automatic Payment Program has been developed for both national and international payment transactions with vendors and customers, and handles both outgoing and incoming payments. Configuration We can configure the Payment Program by selecting the Payment Program (Tcode – F110) Application menu Environment -> Maintain Config
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Transcript
All about Automatic Payment Run
Introduction
The Payment Process includes the Following Steps
1. Invoices are Entered
2. Pending Invoices are analyzed for due date
3. Invoices due for payment are prepared for review
4. Payments are approved or modified
5. Invoices are paid
A consistently high volume of invoices have to be processed. Accounts Payable Invoices have to be paid on time to receive possible discounts. The accounting department wishes to perform this processing of invoices automatically. The Automatic Payment Program is tools that will help users manage payable. SAP gives users the options to automatically:
1. Select Open(Pending) Invoices to be paid or collected
2. Payment Documents to be posted
3. Print Payment Media or generate EDI
The Automatic Payment Program has been developed for both national and international payment transactions with vendors and customers, and handles both outgoing and incoming payments.
Configuration
We can configure the Payment Program by selecting the Payment Program (Tcode – F110) Application menu Environment -> Maintain Config
In the next screen , the Proposal List of Vendors is generated who are to receive the Payments
After edit the Proposal , and then run the payment run to release the payments. We can schedule the payment run by coming back to main screen pressing the Payment Run button
It is the process of Correspondence with the Customer/Vendor about pending bills ( in sap as we call it open items). In SAP we can schedule the Dunning Process and maintain different Dunning Levels for Dunning run.The Dunning process involves the following steps:
1. Entering Parameters in the dunning program.The parameters of old dunning run can be copied and dates can be adjusted.
2. The Dunning run selects the accounts, examines them for overdue items, checks if they have to be dunned, and assigns dunning levels to them.All dunning data is stored in a dunning proposal.
3. The Dunning Proposal can be edited ,deleted and recreated as often as necessary until the dunning clerk is satisfied with the result.
4. If desired ,this step can be skipped and the dunning run can be followed directly by the printout of dunning notices.
5. In One Click,Dunning notices are printed and dunning data is updated in the master records and associated documents.
We will perform a Complete Dunning run as a background scheduled job-
Enter the Transaction F150 in the SAP Command Field
In the next screen ,Enter the Following
1. Enter the Dunning run date2. Enter the Dunning run Identification
In the Parameters Tab1. Enter the Dunning Date2. Enter the Date upto which the documents for dunning are to be considered