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Introduction
The Payment Process includes the Post-obit Steps

1. Invoices are Entered
2. Pending Invoices are analyzed for due date
3. Invoices due for payment are prepared for review
4. Payments are approved or modified
5. Invoices are paid

A consistently high volume of invoices have to be processed. Accounts Payable Invoices have to be paid on time to receive possible discounts. The Accounting section wishes to perform this processing of invoices automatically. The Automatic Payment Programme is a tool that will help users manage payables. SAP gives users the options to automatically:

1. Select Open(Pending) Invoices to exist paid or collected
2. Payment Documents to be posted
3. Print Payment Media or generate EDI

The Automated Payment Program has been adult for both national and international payment transactions with vendors and customers , and handles both approachable and incoming payments. Configuration We can configure the Payment Program by selecting the Payment Plan (Tcode – F110 ) Application menu Environment -> Maintain Config

The Settings for Automatic Payment program are divided into post-obit Categories :

1. All Company Codes
2. Paying Company Codes
3. Payment Methods / State
4. Payment Methods / Visitor Codes
5. Bank Choice
6. House Banks

All Company Codes : In this section we perform the following settings

1. Inter Visitor Payment Relationship
2. The Visitor codes that procedure payments
3. Cash Discounts
4. Tolerance days for Payments
5. The Customer and Vendor Transactions to be Processed

Paying Company codes : In this department nosotros perform the following settings

1. Minimum Amounts for Incoming and Outgoing Payments
2. Bill of Exchange Parameters
3. Forms for Payment Advice and EDI

Payment Method / Land : In this section we perform the following settings

1. Methods of Payments – Cheques , banking concern transfers etc
2. Settings for individual Payment Methods –
   1. Master record requirements
   2. Certificate Types for Posting
   3. Permitted currencies
   4. Print Programs

Payment Method / Company Code: In this department we perform the following settings

1. Minimum and maximum payment amounts
2. Whether payments away and foreign currencies are allowed
3. Group Options
4. Banking company Optimization
5. Forms for payment media

Banking company Selection :

1. Ranking Guild
2. Amounts
3. Accounts
4. Charges
5. Value Dates

Ranking Social club

Bank Accounts

Available Amounts

Value Dates

Expenses / Charges

Execution : After Configuration of the Payment Process nosotros will enter parameters to execute the program. Enter the Transaction code F110 in the SAP Control Field

Every Payment Program run is identified past 2 fields

1. Run date
2. Identification

In the Parameters Tab , We have to ascertain the following

1. What is to be paid – Docs. Entered Upward to
2. What payment methods will be used – Payment Methods
3. When will the payments be made – Posting Engagement
4. Which visitor codes will be considered – Company Codes
5. How are they going to be paid – Payment Method Sequence decides the Priority of the Payment Method

Relieve the Parameters Entered

After the Parameters are Entered nosotros execute the Program by pressing the proposal button in Application Toolbar

In the next dialog box , Bank check the "Start Immediately" and press Continue

A payment proposal is generated based on the parameters.

We can view the Proposal Log for possible errors by Pressing the Proposal Log Button

We can edit the proposal to block the some payments if nosotros want, Press the Edit Proposal Button

In the next screen , the Proposal List of Vendors is generated who are to receive the Payments

Later on edit the Proposal , and then run the payment run to release the payments. We can schedule the payment run past coming back to chief screen pressing the Payment Run button

In the adjacent Dialog box , Cheque "Start Immediately" to kickoff the payment run instantly and Printing continue

We can check the status of the Payment run on the Status Tab

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Source: https://www.guru99.com/all-about-automatic-payment-run.html

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