Tuesday, 11 November 2014

Explain Automatic Payment Program?

Answer


The ‘Automatic Payment Program’ in SAP helps to process payment transactions both with customers and vendors. AR/AP/TR/Bank Accounting uses the payment program.
The ‘automatic payment program’ helps in determining:

What is to be paid?
To do this, you specify rules according to which the open items to
be paid are selected and grouped for payment.

When is payment to be carried out? 
The due date of the open items determines when payment is carried out. However, you can specify the payment deadline in more detail via configuration

To whom the payment is made? 
You specify the payee (the vendor or the alternate payee as the case may be).

How the payment is made? 
You determine rules that are used to select a payment Method.

From where the payment is made? 
You determine rules that are used to select a bank and a bank account for the payment.


Please click on the question to find the answer





Please share some more questions which your looking for i will incorporate it and add in this list 




No comments:

Post a Comment