Answer Posted / rsr
F110 can be used for incoming payments as well.It is not a
common practice across all businesses. This process is
called as ACH direct debit. In simple terms it is pulling
money directly from customer bank account.Required things;
1. A payment method for Incoming payments, Payment medium
program used for this payment method is RFFOEDI1
2. Banking information in customer master.
To explain it further:
1. Post invoice to customer
2. Run f110 to clear the invoice by inserting customer
number in the parameters tab
3. Payment program creates an IDOC with all requirement
information for the banks to process payments
4. if the bank accepts IDOC send idoc's to bank, if not
process data in EDI translator and send the file to bank in
aceptable format
5. Bank processes the payments and sends the clearing
transactions as a bank statement
6. When EBS is processed main bank account will be updated.
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
what is child order
What is a company code?
what is cr in sap
What is a dunning procedure? : fi- accounts receivable
List some of the exchange rate type?
What do you mean by chart of accounts? What is it used for? What are its important elements? How many chart accounts can be assinged to a company?
Explain the procurement cycle how it works?
What is the meaning of Retained earning account ? why it is mandatory area in SAP FI
What are the common document types in fi?
What is variance analysis in co-om-cca? : co- cost center accounting
Hi all.... Please explain to me... what G/L account should I maintain / create If I want to do the intercompany transfer asset - no revenue. and if I want to do the intercompany transfer asset - Net Book Value. What is the different between this 2 method. My company's requirement is ... 1. Transfering the asset on company A to company B, example Asset 1 - acquisition date : 01.06.2007 , acquisition amount : 1000, accumulated depreciation till 31.12.2007 : 10 so the net book value is 90, useful life 4 years the company wants to transfer this asset in company B. is it possible to transfer all the data just like I explain above : acquisition date : 01.06.2007 , acquisition amount : 1000, accumulated dep = 10
How many numbers of line items in one single entry you can have?
Explain about the tax reports in sap?
In movement type(mm), what is value & quantity string? It updates values and quantities in gl with valuation class, transaction key modifier and gl a/c. But how does it work when doing a mvt type?
Explain the use of financial general ledger accounting (fi-gl)?
