Payment method supplement - What is its use?

[Former Member]

Hello

We are on ECC 6.0 without application of enhancement package.

What is payment method supplement all about? When should it be used? What are the benefits associated with it?

Could it be used only in case of automatic payment programme?

What are the various reports available based on payment method supplement?

Where does this field get populated, i.e., during IV through MIRO or FB60 or F-53, F-58,F110 and F-48 etc?

Thanks.

Vimal

[Former Member · Accepted solution]

Hi,

Use

If you select this option, a payment method supplement can be predefined in the customers and vendors of the company code. This supplement is used to group payments. Payments are separated according to payment method supplements and can be printed separately by these supplements or sorted by them for printing. The payment method supplement is defaulted during document entry and can be overwritten there.

Examples

Checks to be sent to trading partners are not sent by mail but by means of internal mail and from there are sent via different channels depending on the payee. This procedure can be supported by payment method supplements. That is, a payment method supplement represents an internal mail channel. In the U.S.A. and Canada, such supplements are referred to as "mail stop codes".

Regards,

Chintan Joshi.

[Former Member]

Hi Vimal,

The payment method supplement is nothing but it is reflecting your House Bank and Account ID.

It should be used eveywhere in the transaction related to paymnet or invoice.

At the time of payment of any invoice if you mentioned the Payment Method supplement it will be paid from that particular house bank which is assigned to the payment method supplement.

The Payment method is populated in every transaction related to Payment and invoice if once the configuration has been done for Payment method supplement in FBZP.

FBZP->Configuration->All Company Codes->Tick the box for payment method supplement

If the payment method supplement is properly assigned to Bank and given in invoice then at the time of Automatic Payment Programme if you give selection through payment method supplement then it will catch only those documents which are having that payment method supplement.

Hope this will help you.

Thanks & Regards,

Hansa Chechani

Edited by: Hansachechani on Nov 20, 2009 1:51 AM

[Former Member]

Hi,

Payment Method Supplement to group the line items with one payment method. In the line item give one payment method supplement for all the line items for which you want to make only one payment (should be give at the time of line item entry).

Create the payment method supplements Financial Accounting >AR/AP>BT>Outgoing Payments>Automatic Outgoing Payments>Payment Method/Bank Selection for Payment Program>Define Payment Method Supplements

You have to configure this in FBZP in set up all company code for payment transaction . The use is if you select this option, a payment method supplement can be predefined in the customers and vendors of the company code. This supplement is used to group payments. Payments are separated according to payment method supplements and can be printed separately by these supplements or sorted by them for printing. The payment method supplement is defaulted during document entry and can be overwritten there.

Checks to be sent to trading partners are not sent by mail but by means of internal mail and from there are sent via different channels depending on the payee. This procedure can be supported by payment method supplements. That is, a payment method supplement represents an internal mail channel. In the U.S.A. and Canada, such supplements are referred to as "mail stop codes".