In SAP ERP Central Component most companies use transaction F110 to make payments from their SAP system. This transaction selects open customer and vendor items that are due before the next payment run is made. This program cannot be used to make bank transfers that are not based on customer and vendor open items. For those cases you must use payment requests. In principle a payment request is a document that is used for creating payment media with transaction F111. Payment media are methods to order the bank to make a transfer. Examples are files, checks, and bills of exchange. Learn how to set up repetitive codes, create a transfer using these codes, and customize settings needed to complete bank-to-bank transfers.
In SAP ERP Central Component most companies use transaction F110 to make payments from their SAP system. This transaction selects open customer and vendor items that are due before the next payment run is made. This program cannot be used to make bank transfers that are not based on customer and vendor open items. For those cases you must use payment requests. In principle a payment request is a document that is used for creating payment media with transaction F111. Payment media are methods to order the bank to make a transfer. Examples are files, checks, and bills of exchange. Learn how to set up repetitive codes, create a transfer using these codes, and customize settings needed to complete bank-to-bank transfers.
Would you like to see the full version of this article?
If you are an electronic license holder to Financials Expert, please click here to log in.
If you would like information about becoming an electronic license holder — and having 24/7 unrestricted access to all articles and content in the Financials Expert online knowledgebase — click here to see the available subscription options.
Or call 1-781-751-8799 to speak directly with a subscription and licensing specialist about customized access for you and your team.
Isn't your SAP implementation worth world-class information support?
