Payment lot orders

[Former Member]

Hi experts,

How is the payment lot order integrated with the payment run?

Thanks.

[AmlanBanerjee · Accepted solution]

Hi Jing,

Please refer to the following SPRO Config node-

SPRO-->Financial Accounting-->Contract Accounts Receivable and Payable-->Business Transactions-->Payments-->Incoming/Outgoing Payment Creation-->Define Payment Methods

Select the Country and the payment method and click on display

In here, you will find a check box "Payment Order" only.

This indicates that the payment program does not post a payment document and that the paid items are not cleared. Instead, a payment order is created and saved. Clearing the items can take place at a later time using the information in the payment order.

Posting the payment takes place on the basis of the account statement for the bank, and the selection of the associated open items on takes place using the payment order specification.

Until the payment is posted, the paid items remain locked for other clearing transactions and also for further payment runs.

Hope it helps..

Thanks,

Amlan

[Former Member]

Hi Amlan,

What if the payment is not processed by the bank? by standard for how long is the item restricted for other transactions?

Thanks,

Jing.

[AmlanBanerjee]

Hi Jing,

As stated previously, for a payment order, the payment Program does not post a payment document.Instead,a payment order is created and saved and updates a flag called "Item Included in a Payment Order" (DFKKOP-XPYOR) against the outstanding receivables.

You will find this flag under the Basic Data tab under the Basic data section just under the clearing field in the document display screen.

This flag restricts the outstanding receivables from being picked for other clearing restrictions and future payment runs.

So until and unless you reverse the payment order, the flag will be set against the receivables.

Hope it clarifies.

Thanks,

Amlan

[Former Member]

In transaction FPOR2 - Change Payment Order there is a field called 'Expiration date', do you know what is this field used for? and if it has any implications in the clearing restriction?

[AmlanBanerjee]

Hi Jing,

The field expiration date only come into play when the "To Expiration Date" is filled against the entries in posting area 1061.The expiry date is the number of days to expiry that are added to the execution date of the payment order

During the processing of the payment order, if the posting area 1061 has the "To Expiration Date" filled, then the Expiration Date of Payment Order in FPOR2 becomes=Due date of the paid items+ no. of days mentioned in posting area 1061.

I don't think it has any impact on the flag restricts the outstanding receivables from being picked for other clearing restrictions and future payment runs.

Hope it helps..

Thanks,

Amlan