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Select the correct answers. One or more correct. Document type for payment is configured per company code per payment method. If you do not specify the sending company code paying company code is the sending company code. One house bank can have several Account ID providing all have only one GL account Account ID in the system represent the Account in the House Bank. Currency of Bank Account (Account ID) and GL account defined in the account ID should be same except in those cases where Balance only in local currency is not marked in the GL master data.
Select incorrect statement. One or more correct. We define payment method in the reconciliation account master data of customer and vendor. System default the payment method from the master data of reconciliation account in the vendor line item. If no payment method is entered, system default payment method from the vendor master data.
Select the correct statement. One or more correct. Automatic payment run can only use for standard open items. Automatic payment run can also be used for special GL transaction, if special GL indicator is maintained in the Automatic payment configuration. All types of open item selected in automatic payment program without any additional configuration. If no payment method is entered in the line item as well as in the master data of vendor, line item will not be selected in the payment program.
Payment Method Configuration. One or more correct. If company code X is making payment on behalf of another company code B, then B is the paying company code If company code X is making payment on behalf of another company code B, then B is the sending company code. Paying company code is the company code that is responsible for processing outgoing payment. One company code is paying on behalf of another company code, this is an example of cross company code transaction.
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Select the correct statement. One or more correct. Tolerance level for maximum payment is defined in the payment program configuration. Payment method has two components one is company code setting and the other is country specific setting. If company code A belongs to India and company code B belongs to country Pakistan, and company code A pays on behalf of company code B system treats this transaction as cross company code transaction in Automatic payment program. All company code can use the payment method, which is defined in the country specific setting of payment method.
Select the incorrect statement. One or more correct. Users define the minimum amount for payments and form that will be used for each company code in the payment method country specific setting. If payment method is for incoming payment it is only used for customer incoming payments. Some fields of vendor and customer master data are required on the basis of setting in the payment method setting.
House Bank. One or more correct. House Bank represent the branch of the bank from which your company code is dealing with. House Bank is the Bank which has a Business Transaction with your company deals. One House Bank can have several Accounts ID providing all of them are in different currencies. Account ID and Bank Keys are similar terminology used in SAP.
House Bank can be entered in: One or more correct. Customer Line items Vendor line items GL Master Vendor Master Customer Master.
Account ID can be entered in: One or more correct. GL Master Vendor Master Customer Master Vendor Line items.
Payment method. One or more correct. Can be changed after document is posted Cannot be changed after document is posted Payment method if change after payment proposal in the line items, it has no effect in the current proposal Can also be change in the proposal.
Executing Automatic payment program. One or more correct. Automatic payment program should be executed separately for customers and vendors. In automatic payment program we can restrict the documents. In automatic payment program only check can be created if check form is assigned in the payment method company code setting. Posting date is the date when GL Account is updated.
Select the correct statement. One or more correct. In Vendor master data only one payment method can be specified at a time. Payment run select all the open items, which are due. Run dates and Document enters up to, are always same. Items can be blocked in the proposal for payment. It is advisable to use Bank sub account for payment.
Exception list contains all the open items: One or more correct. If they are block If no payment method is entered in the master data and in line item Invalid payment method No payment block indicator Credit balance in vendor account.
Check Management. One or more correct. Each House Bank has its own check number. Each Payment method has its own check number The number status is maintained per lot. Check lot is automatically created while creating House Bank. Check lot is used for automatic payment run only.
Payment Medium Workbench. One or more correct. Before PMW it is easy to maintain the program used in payment media. PMW facilitates uniformity. PMW facilitates for select vendor open items during automatic payment run. In PMW format can easily be changed with making modification. New format can be created with little programming experience.
Debit Balance Check. One or more correct Vendor who has a debit balance, all of his line items always shown in the exception list Debit Balance check is required if Vendor has a debit balance. We can change the debit balance check. Debit balance check can be maintained in the Vendor line items. Debit balance check is carried out after payment proposal.
Select correct answers. One or more correct We can automate the payment process. If vendor is also your customer payment is always been made with net amount in automatic payment run. If vendor is also your customer separate incoming and outgoing payment is recorded for customer and vendor. You can automate payment process through solution manager. You can automate payment process through schedule manager.
Dunning Run. One or more correct Dunning can be done for vendor as well as customer Dunning can be done for vendor if he has a credit balance. Dunning can be done for customer if he has a credit balance Parameters of an old dunning run can be referenced. Dunning proposal can be edited, deleted, and recreated.
Dunning run configuration. One or more correct. Dunning procedure control how dunning is carried out. Dunning procedure is configured at client level. For one time account special configuration needs to be maintained in dunning procedure Dunning programs not used for one time account. Dunning procedure can process standard and or special GL transaction.
Automatic Payment Run. One or more correct. Can be used for customer, vendor and GL Accounts, but for GL Accounts we have to define the payment method in GL master and not in the line items If we define payment method in the vendor master data as well as in the line item, and enter the payment of the master data in the parameter system shows the line item in exception. One payment run can be used to execute the payment of several company codes providing all of them are of same country and using same chart of account. One payment run can be used to execute the payment run of several company codes, providing all company codes are using same currency Payment program consider only those credit memo which are created with reference to invoice.
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