Payment Run

[Former Member]

Guys , am currently given a program about payment transaction..im using transaction f110 (payment run)..guys could you explain to me what is payment run??..many thanks...

[Former Member]

Check out these threads. Hope this will help.

see the doc

Run Payment Program (F110)

Purpose

Use this procedure to run the automatic payment program. The payment program is used to create cheques, BACs payments, electronic transfers, etc. for vendors. It is also used to create a direct debit file for customer payments. The payment program runs in three specific steps, which must be run in order.

Create Payment Proposal. This is a listing of proposed payments. The proposal should be reviewed for accuracy and edited or deleted if incorrect. No postings or payments are created at this step.

Create Payments. This step creates posting documents in the system, clearing the customer/vendor subledger accounts and posting the offsetting item to a cash or cash clearing account.

Create Payment Media. This step creates the actual payments, sending cheque forms to the printer or creating files of electronic payments to be sent to the bank.

Trigger

Perform this procedure when you are ready to create vendor payments or to create a direct debit file for customers.

Prerequisites

• You must have the following master data prepared:

• Banks and bank accounts with associated general ledger accounts;

• Appropriate payment methods assigned to your company code;

• Customer and vendor master records with the appropriate details completed.

• If you wish to create a cheque payment, the vendor/customer master record must contain full address details.

• If you wish to create an electronic payment, the vendor/customer master record must contain full bank details.

• If you wish to create a direct debit transaction for a customer, the 'Col' (collection authorization) checkbox must be selected. This field is found on the General Data - Payment Transaction Data tab.

Navigation Path

Use the following navigation path to begin this transaction:

• Select Processes è Purchase Requisition through to Payment è Payments è Automatic Payments è Run Payment Program to go to the Automatic Payment Transactions: Status screen.

for more information please check out the link below it

might help you

http://www.hostlogic.hu/caghelp/Transactions/Finance/content/f110%20-%20run%20payment%20program/cc/h...

ashish

[Former Member]

http://help.sap.com/saphelp_47x200/helpdata/en/01/a9c0a0455711d182b40000e829fbfe/frameset.htm

In Payment Proposal you will mention the date to pay and also you select the vendors and if u want to block any vendor from payment you can do this in Edit proposal. When this is done u can schedule the proposal to payment run. You can use F110 the automatic payment program

Rewards if useful.........

Minal