Presentation
The Payment Process incorporates the Following Steps
Solicitations are Entered
Forthcoming Invoices are examined for due date
Solicitations due for installment are ready for audit
Installments are supported or altered
Solicitations are paid
A reliably high volume of solicitations must be handled. Creditor liabilities Invoices must be paid on the opportunity to get potential limits. The Accounting division wishes to naturally play out this handling of solicitations. The Automatic Payment Program is a device that will assist clients with overseeing payables. SAP gives clients the choices to consequently:
Select Open(Pending) Invoices to be paid or gathered
Installment Documents to be posted
Print Payment Media or produce EDI
The Automatic Payment Program has been produced for both public and worldwide installment exchanges with merchants and clients , and handles both active and approaching installments. Design We can arrange the Payment Program by choosing the Payment Program (Tcode - F110 ) Application menu Environment - > Maintain ConfigThe Settings for Automatic Payment program are isolated into following Categories :
Prerequisites
Before you begin, ensure you have the necessary
authorizations to perform configuration changes in SAP. Additionally, you need
the following information:
1. Symbolic
Account Codes: These are the codes or identifiers for the symbolic accounts
you want to map.
2. G/L
Account Codes: You should know the G/L account codes to which you want to
map the symbolic accounts.
Step-by-Step Guide
Follow these steps to map symbolic accounts to G/L accounts
in SAP:
Step 1: Access Transaction Code "OB40"
1. Log
into the SAP system using your username and password.
2. To
access the necessary transaction, type "OB40" into the SAP command
field and press "Enter." This transaction code is used for
maintaining account determination in SAP.
Step 2: Select Your Chart of Accounts
3. In
the "Account Determination" screen, you'll see a list of chart of
accounts. Select the appropriate chart of accounts for your organization. This
is typically based on your company's specific accounting requirements.
Step 3: Define Account Determination
4. You
will be directed to a screen where you can define account determination rules.
Click on "Account Determination" to proceed.
Step 4: Define Symbolic Accounts
5. In
the "Account Determination: Define Symbolic Accounts" screen, you can
define the symbolic accounts you want to map to G/L accounts.
6. Click
the "New Entries" button (pencil icon) to create a new entry for
mapping a symbolic account.
Step 5: Enter Mapping Details
7. In
the new entry screen:
·
Enter the Symbolic Account code you want
to map.
·
Specify the G/L Account code to which the
symbolic account will be mapped.
8. Save
your entries by clicking the "Save" button (diskette icon).
Step 6: Check and Confirm Mapping
9. After
saving, review your entries to ensure accuracy. You can display the entries
using the "Display Entries" button (magnifying glass icon).
10. Once you
are satisfied with the mapping, you have successfully mapped symbolic accounts
to G/L accounts in SAP.
Step 7: Testing
11. It's advisable to test the mapping in a test environment before implementing it in your productive SAP system. This helps identify and resolve any issues or discrepancies.
All Company Codes
Paying Company Codes
Installment Methods/Country
Installment Methods/Company Codes
Bank Selection
House Banks
After Configuration of the Payment Process we will enter boundaries to execute the program. Enter the Transaction code F110 in the SAP Command Field
Each Payment Program run is distinguished by two fields
Recognizable proof
In the Parameters Tab , We need to characterize the accompanying
What is to be paid - Docs. Entered Up to
What installment strategies will be utilized - Payment Methods
At the point when will the installments be made - Posting Date
Which organization codes will be thought of - Company Codes
How are they going to be paid - Payment Method Sequence chooses the Priority of the Payment Method
Save the Parameters Entered
After the Parameters are Entered we execute the Program by squeezing the proposition button in Application Toolbar
In the following exchange box , Check the "Begin Immediately" and press Continue
An installment proposition is produced in light of the boundaries.
We can see the Proposal Log for potential mistakes by Pressing the Proposal Log Button
We can alter the proposition to hinder the a few installments on the off chance that we need, Press the Edit Proposal Button
In the following screen , the Proposal List of Vendors is produced who are to get the Payments
After alter the Proposal , and afterward run the installment race to deliver the installments. We can plan the installment show to returning to fundamental screen squeezing the Payment Run button
In the following Dialog box , Check "Begin Immediately" to begin the installment run right away and Press proceed
We can check the situation with the Payment run on the Status Tab.
The accompanying SAP exchanges are utilized to plan emblematic records to various General Ledger Accounts
Exchange OBYE Enter the Employee Group.
For exchange OBYE all the above cycle is the same, simply that you should enter the Employee Group likewise as shown beneath.
Top 50 SAP FICO Interview Questions and Answers |
Step-by-Step Guide to Creating Vendor Master Data in SAP |
How to post a Purchase Return FB65 in SAP FI |
How to Create One Time Vendor FK01 in SAP |