SAP Vendor Payment ProcessConfiguration, Development

Author : MKS Consultancy

Vendor Payment Configuration, Development in

SAP

SAP Payment Process Configuration

Steps in SAP Payment Process Configuration
Define Bank Key FI01
Define the House Bank FI12
Set up All company code FBZP
Set Up Paying Company code FBZP
Set Up Payment Method per Country FBZP
Set up payment Method per company code FBZP
Set up Bank Determination FBZP
Define Value Date rules FBZP
Update new Payment Method in Vendor Master
XK02

SAP Payment Process Configuration FI01

Bank Country : US
Bank Key : CITIUS33456
Bank Name : Citibank
Street : 111 Wall Street
City : NEW YORK 10004

Define House Bank FI12

House Bank : BANKE. These are banks through
which payments are made in payment
program. House Bank is associated with
country US through Bank key CITIUS33456
Bank Name: Citi Bank
City : New York
Company Number: Enter company code
number in Company number field

Define House Bank FI12..Cont

Company Code : 3000

House Bank : BANKE
ACCOUNT ID : CHECK
Description : Citibank Checking Account
Bank Account number : 3580073
(Account number received from bank)
Currency : USD
Control Key : 01 ( Checking Account, 02
for Saving Account)
GL Account : 113023 (Account to which
bank transaction figures are updated)
Bank country US
Bank Name : Citibank

SAP Payment Process Configuration FBZP- All Company

Codes
Company code : 3000. Company code for which
Payment program configuration settings are
made
Sending Company Code : 3000. Company code
sending the payment to the vendor. Can be
same or different from paying company code
Paying Company Code : 3000. Company code
which makes payment to vendor. This is
generally same as sending company code. In
case of centralized payments there can be one
company code making payments for various
other company codes.
Outgoing pmnt with cash disc. from : .2%. Only
items that have a cash discount percentage rate
greater than or equal to the one specified here
are paid with the cash discount deducted. If the
percentage rate is less than the one specified
here, payment is made at the due date
Vendors: Sp. G/L transactions to be paid : FA.

SAP Payment Process Configuration FBZP- Paying Company Codes

Paying Company Code : 3000. Can click on right to
see the listing of all company codes for which it will
act as paying company code
Min amount incoming Payment : 1. If amount less
than specified here, it is listed in the exception list.
Minimum amount outgoing payment : 1.If payment
amount less than one specified here, line items that
make up this amount are listed in the exception list.
No exchange rate differences : Select. If the
indicator is not selected, the difference between the
exchange rate at the time of posting and the
exchange rate at the time of payment is determined
for items which are posted in foreign currency. The
exchange rate differences which have been
determined are automatically posted for each
payment.
Form Payment Advice : F110_US_AVIS. Name of the
SAP script used to create a payment advice note in
this company code.

SAP Payment Process Configuration FBZP Payment Method per

Country

A PM define how a payment will be made to

the vendor. Standard payment methods are
Check, ACH, Wire Transfer as discussed in
slide
Pymt Method : E (Wire transfer)
Payment method for : Outgoing Payments
PM Classification : Bank transfer
Required master data : Select Bank details
as vendor Bank account number and routing
number are required in the payment file
online transfer of funds by Bank
Payment Medium : Leave blank. Select
Payment Medium workbench. Format of file
(Z_IDES) will be created using DMEE tool
later in the course.
Document Type for Payment : ZP
Clearing Document Type : ZV
Currencies Allowed : If no currency is
specified here all currencies are allowed for
making payment. To restrict currencies used
for payment, specify them in currencies
allowed tab.

SAP Payment Process Configuration FBZP Payment

Method per Company Code

Min. Amount : Minimum amount required to use the Payment method

Maximum Amount : maxi amount that can be paid using the method
Single payment for marked item: All line items for which the Payment method is entered explicitly during document entry get paid separately
Foreign Business Partner allowed : When selected payment can be made to vendors outside company code home country. In this case
vendors outside USA
Foreign currency allowed: When selected payment program can make payments in currency other than company code local currency.
Cust/ Vend Bank aboard: Used for international wire transfer payments. Select where the vendor bank to which payment has to be made is
outside company code country ( USA).
Use F1 for more details on any of the SAP fields

SAP Payment Process Configuration FBZP Bank

Determination
Ranking Order: Here maintain the house bank from
which payment will be made to vendor. You can
specify many banks and give ranking order in
which they have to be considered for payment by
SAP payment program. Also where a payment
method is not specified for a house bank, it is
considered for payment by all the payment
methods.
Bank Accounts: specify the GL account number to
which payments will be posted for combination of
House bank, Payment method and Bank Account
Available Amount: Maintain the maximum amount
available for payment from a house bank
Value Date : Enter days in the value date field.
These are added to the payment run date / posting
date to arrive at the date on which debit/ credit
memo is expected in the Bank account. Useful in
case of check payments, where checks are
presented to bank after 3-4 days of issue to the
vendor

Update Vendor Master with Payment Method XK02

Add Payment Method E to Vendor master field
Payment methods
Add Vendor Bank Account Number, Routing
number in the Vendor master

Thank You

THANK YOU