Configure The Automatic Payment Program
Steps for configuring the automatic payment program:
First, Set up the following:
- Co. code for Payment transaction.
- Define sending and paying company code.
- Tolerance days for payable.
- Minimum % for cash discount.
- Maximum cash discount.
- Special GL transactions to be paid.
Next, Set up the following:
- Paying company code for payment transaction.
- Minimum amount for outgoing payment.
- No exchange rate diff.
- Separate payment for each ref.
- Bill/exch payment.
- Form for payment advice.
Next, Set up the following:
- Payment method per country.
- Whether Outgoing payment.
- Check or bank transfer or B/E.
- Whether allowed for personnel payment.
- Required master data.
- Doc types.
- Payment medium programs.
- Currencies allowed.
Next, Set up the following:
- Payment method per company code for payment transactions.
- Set up per payment method and co. code.
- The minimum and maximum amount.
- Whether payment per due day.
- Bank optimization by bank group or by postal code or no optimization.
- Whether Foreign currency allowed.
- Customer/Vendor bank abroad allowed.
- Attach the payment form check.
- Whether payment advice required.
Next, Set up the following:
- Bank Determination for Payment Transactions.
- Rank the house banks as per the following.
- Payment method, currency and give them ranking nos.
- Set up house bank sub account (GL code).
- Available amounts for each bank.
- House bank, account id, currency, available amount.
- Value date specification.