Answer / naimathulla

Ans:-
The Configuration of payment program is where you tell sap
how to process payment transaction in the system.

The Advantage of APP is the system will verify the
...Due dates,
...It will issue cheques,
...It will pass and entry,
...Clear party account,
...It will issue payment advise,
...and update cheque register automatically.
in this case your cheque lots should be sequential.
This program is used by the cash rich companies.
**SAP allows both vendor and customer line item to be paid
through the payment program. The ability to pay customer
comes in handy when used in conjunction with some of sap
other standard functionality such as SD rebates.

Answer / nagajuna reddy

Adding to the above said,i can say that in APP we can
restrict as 2 how many transactions we can make payment
during the Payment Run.We can also specify the next payment
run and the date of payment.

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