payment run

[Former Member]

Hello SDNians,

Specifying a payment method has no effect on the selection of accounts and items for the payment run.

Can any one explain clearly the above statement.

Regards,

naren

[Former Member · Accepted solution]

Hi Naren,

Usually Payment run is executed based on the following criteria

1. Payment method in the CA

2. Due date

But I'm not sure about your question unless you come up with the context in which you are using it

Rgds

Rajendra

[Former Member]

Hi,

would you please specify the direct debit settings for incoming payments.

Please give the step by step procedure.

Regards,

Naren

[Former Member]

Naren,

Assuming that your config for Payment program is in place <esp payment method>, you can use either FPP4 or BP/CAA2 to set up DD by defining Bank details of the customer.

You need to attach the Bank details and Incoming payment method in the CA.

If any lock has to be set duirng the DD set up <usually 14 days lock is set for first time DD set up @ UK and some European countries> you can set the lock either manually or mass program FKLOCK2.

Hope this helps

Rgds

Rajendra

[Former Member]

Hi Rajendra,

thank you for ur quick replies..

what is the use of note to Payee?where and how we are going to select the note to payee?

Regards,

Naren

[Former Member]

Hi Naren,

It is used to generate addl values in the DME file. Say Payment doc no, Inv no etc per Data item can be generated using Note to payee.

Rgds

Rajendra

[Former Member]

Hi,

Could any one tell the possible journal entries and related ledger accounts for incoming and outgoing process for different payment methods.

Regards,

Naren

Edited by: Naren fin on Mar 17, 2009 11:02 AM

[Former Member]

Hi Naren

For Incoming Payment the entry shall be

DR : Bank Clearing Account

CR : BP/CA Account

For Outgoing Payment the entry shall be

DR : BP/CA

CR : Bank Clearing Account

If you do not have Bank Clearing Account, you can replace it with Main Bank Account

Hope this helps

Rgds

Rajendra