Automatic Payment Program Run F110 SAP Tutorial
Automatic Payment Program Run F110: SAP Tutorial
ByRyan BennettUpdatedMarch 5, 2022
Introduction
The Payment Process includes the Following Steps
Invoices are Entered
Pending Invoices are analyzed for due date
Invoices due for payment are prepared for review
Payments are approved or modified
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 department wishes to perform this processing of invoices automatically. The Automatic Payment Program is a tool that will help users manage payables. SAP gives users the options to automatically:
Select Open(Pending) Invoices to be paid or collected
Payment Documents to be posted
Print Payment Media or generate EDI
The Automatic Payment Program has been developed for both national and international payment transactions with vendors and customers , and handles both outgoing and incoming payments. Configuration We can configure the Payment Program by selecting the Payment Program (Tcode – F110 ) Application menu Environment -> Maintain Config
The Settings for Automatic Payment program are divided into following Categories :
All Company Codes
Paying Company Codes
Payment Methods / Country
Payment Methods / Company Codes
Bank Selection
House Banks
All Company Codes : In this section we perform the following settings
Inter Company Payment Relationship
The Company codes that process payments
Cash Discounts
Tolerance days for Payments
The Customer and Vendor Transactions to be Processed
Paying Company codes : In this section we perform the following settings
Minimum Amounts for Incoming and Outgoing Payments
Bill of Exchange Parameters
Forms for Payment Advice and EDI
Payment Method / Country : In this section we perform the following settings
Methods of Payments – Cheques , bank transfers etc
Settings for individual Payment Methods –
Master record requirements
Document Types for Posting
Permitted currencies
Print Programs
Payment Method / Company Code: In this section we perform the following settings
Minimum and maximum payment amounts
Whether payments abroad and foreign currencies are allowed
Grouping Options
Bank Optimization
Forms for payment media
Bank Selection
Ranking Order
Amounts
Accounts
Charges
Value Dates
Ranking Order
Bank Accounts
Available Amounts
Value Dates
Expenses / Charges
Execution : After Configuration of the Payment Process we will enter parameters to execute the program. Enter the Transaction code F110 in the SAP Command Field
Every Payment Program run is identified by two fields
Run date
Identification
In the Parameters Tab , We have to define the following
What is to be paid – Docs. Entered Up to
What payment methods will be used – Payment Methods
When will the payments be made – Posting Date
Which company codes will be considered – Company Codes
How are they going to be paid – Payment Method Sequence decides the Priority of the Payment Method
Save the Parameters Entered
After the Parameters are Entered we execute the Program by pressing the proposal button in Application Toolbar
In the next dialog box , 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 we want, Press the Edit Proposal Button
In the next screen , the Proposal List of Vendors is generated who are to receive the Payments
After edit the Proposal , and then run the payment run to release the payments. We can schedule the payment run by coming back to main screen pressing the Payment Run button
In the next Dialog box , Check “Start Immediately” to start the payment run instantly and Press continue
We can check the status of the Payment run on the Status Tab
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