Recurring Payment for a Vendor

[Former Member]

Recurring payment: We have a requirement to make payment to a vendor, for a fixed amount, for the next x number of months. Would like to hear from others how they handle this kind of scheduled payments.

I am aware of the functionality of Recurring Entry in FBD1. Anyway we can set up recurring payment for a vendor?

[rane_prashant · Accepted solution]

Hi,

Payment is based on payment mode "How you pay" based on that you should look for solution.

You pay fixed amount of payment to vendor every month - Do you book invoice for that every month? if you book invoice everymonth that you use Automatic payment run.

Do you have cheque module in SAP? if you use this module in SAP than you need cheque number for payment in this scenario you should do post dated payment in SAP (PDC's)

If you simple post payment entry and then pay either through transfer / cash then use recurring.

I hope this resolve your query.

Regards,

Prashant

[Former Member · Accepted solution]

Thank you for your response.

We just need to find a process, whether thru regular document posting or recurring entry, that will generate an accounting to vendor account. And then that gets paid by the automatic payment run.

[former_member194797]

Hi,

you should describe the whole business case.

What do you receive from the vendor ? One invoice ? several invoices ? down payment request ?

When do you receive the goods or services ? before payment ? after payment ?

It's not possible to choose the best solution without knowing all these informations.