Alternative payee

[samar_jose2]

Hi Amlan,

Do you know how to maintain a Alternate Payee. I'm a bit lost here, Was assuming to create BP role while creating Bp's. also can you please throw some more light on this functionality and its usage.

Saj

[AmlanBanerjee · Accepted solution]

Hi Saj,

Alternate Payee (FKKVKP-ABWRA) is a field which is assigned at the contract account level.

In this field, Business partner to whom due payments are to be made instead of to the contract partner is inserted.

You will find this field in the Payment\Taxes tab under the outgoing payments section.

Say, if an automatic payment procedure (e.g. check, transfer) has been arranged for an account, you can enter an alternative payee, provided payment is not to be made to the contract partner, but to the account or address of a third party.

Alternatively, you can define bank details with an alternative account holder in the contract partner master record for outgoing payments by transfer. To do this, you leave the field Alt. payee blank and then enter the relevant bank ID in the field Bank det.Out.

Hope it helps...

Thanks,

Amlan

[samar_jose2 · Accepted solution]

Hi..

Thanks for the response. However I was wondering how will this work, Can the Alt Payee be maintain at the BP level with a relationship like the way we have in FI invoicing vendor which is maintain at the VM level.

Also whether the info needs to be flow from the source system against the BP.eg CRM integration. Please advise.

Regards

Saj

[william_eastman · Accepted solution]

Saj:

What are you trying to achieve?  Alternate payee/payer are FICA transaction roles (not an actual term) and are not business partner roles.  Any contract partner can be used as alternate payer/payee.  They can be used to handle transactions in FICA once they have been posted.  The billing system is not relevant to how they are utilized.

regards,

bill.