F110

[Former Member]

Hi,

In F110 why do we have customer account numbers in the parameter tab?

Thanks,

Nivi

[Former Member · Accepted solution]

You can also use F110 for incoming payment in whcih case you need to enter the customer account numbers.

[Former Member]

Hi

This t code is done when you want the automatic payment run to process the payments against the outstanding vendor invoices.

The payment program enables to carry out domestic and international payment transactions with vendors and customers. It creates the payment documents and makes the data available for the payment medium programs. These ABAP programs either print a payment list or payment form (e.g. checks), or create data media/files, which can be sent to the bank on disk or with special bank software.

Benefits

1. Supports the concept of centralized payments

2. Defining cash discount strategies:

a. Availing maximum cash discount, i.e., cash discount is deducted even in case the payment is made after the predefined period.

b. Availing no cash discount i.e., payments can be made as late as possible even if this means loosing cash discount.

c. Payments can also be made according to a strategy which is somewhere between these two extremes.

3. Partial payment against a previously posted invoice can be made.

4. The program can make down payments to its vendors.

5. Payment methods can be defined specific to a country, which can be used across the company codes. Direct transfer to bank can also be defined.

6. Specification can be given for Bills of exchange also.

7. Once the alternate and the permitted payees have been defined in the master records one can make the payment as per the requirement of the vendor.

a. Alternate payee: This is the payee as specified by the vendor to whom the payments are to be made.

b. Permitted payee: In this case the vendor gives a set of alternate payee and as per the requirements of the transactions the same can be made the payments. The advantage one gets by maintaining a list of permitted payee is that there is an option available for the payment to be made.

8. House Banks are defined for

a. Payment methods

b. Currencies

9. House banks also help in cash management.

Hope this is useful.

Thanks

Vardhini

[former_member197269]

you can also make direct debits through F110 payment program. Also you can make payment to common vendor & customer as payment net of debit & credit would be made.

http://help.sap.com/printdocu/core/Print46c/en/data/pdf/TRZP/TRZP.pdf

Hope this helps

Pls assign points as way to say thanks

[Former Member]

For the common vendor & customer, there is no need to enter the customer account. U need to enter only the vendor account for effecting the net payment.