How to pay the specific vendor bank account?

Dmitry Kaglik

January 6, 2013

SAP

2 Comments

Share the knowledge:Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Share on RedditShare on VKShare on StumbleUponEmail this to someone
Invoices, invoices, invoices...
Invoices, invoices, invoices…

Do you have any vendor that has several bank accounts? Sure you do, if you deal with big companies. They tend to have different accounts for different tasks and/or divisions of their business.

Then you need to make payments to these vendors.

How do you set up these payments to go to the correct bank account then?

That is quite easy.

The Payment details tab in the vendor master data has a list of bank details: bank key, account number etc. One of the fields there is Bank Type. You can enter any value up to 4 characters there.

When you do this, you have an ability to use this identification in the invoice. I.e. you tell the system that the payment for this particular invoice should go to this particular bank account.

The payment program will pick up the information and create a payment document with the correct bank details.

That’s easy!

 

Image by moonhouse, licensed under Creative Commons

Share the knowledge:Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Share on RedditShare on VKShare on StumbleUponEmail this to someone

Related Posts

Introduction to SAP BSM

Dmitry Kaglik

October 2, 2017

SAP

No Comment

Share the knowledge:Bank statement is the document that tells the bank account holder the status of the bank account balance along with the list of incoming and outgoing payment transactions. When the statement is received, it should be entered into SAP system to reconcile bank accounting and general ledger, mark payments as processed, invoices as […]

Read More

Three methods to import bank statement in SAP

Dmitry Kaglik

September 4, 2017

SAP

No Comment

Share the knowledge:Bank account statement is the document that tells the bank account holder the information related to the bank account. If your company runs SAP, once the bank statement received for the company bank accounts, it should be entered into SAP. Like with entering invoices and entering payments, SAP supports several methods for entering bank […]

Read More

2 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Search this site

Subscribe!

Enter your email address:

Polls

Will you be happy to pay for the 3rd edition of the book FREQUENTLY ASKED QUESTIONS ON SAP FINANCE?

View Results

Loading ... Loading ...