2015 Jul 07 5:40 AM
Hi Experts,
I want to know if there is any advantage of creating payment orders during payment run rather than clearing the open items?
Or
In which scenario business prefer to create payment orders during payment run ?
Thanks & Regards
Satyajeet
2015 Jul 07 7:30 AM
Hi Satyajeet,
During the execution of payment run, whether to go for payment order or for payment documents by clearing the open items, depends on the fact that how business wants to perform the bank reconciliation.
If buisness is willing to reconcile only after the payments have been realised physically, then you should go for payment orders.
Payment order is a three step process-starting with the creation of payment order through FPY1, creation of payment order lot through FP45 and creation of payment dishonors through FP09 (if any)
If you have payments from foreign currency, then Payment orders offer the following:
Hope it helps..
Thanks,
Amlan
2015 Jul 07 7:30 AM
Hi Satyajeet,
During the execution of payment run, whether to go for payment order or for payment documents by clearing the open items, depends on the fact that how business wants to perform the bank reconciliation.
If buisness is willing to reconcile only after the payments have been realised physically, then you should go for payment orders.
Payment order is a three step process-starting with the creation of payment order through FPY1, creation of payment order lot through FP45 and creation of payment dishonors through FP09 (if any)
If you have payments from foreign currency, then Payment orders offer the following:
Hope it helps..
Thanks,
Amlan