The SWIFT Bank Identifier Code (BIC) is a unique identification code for both financial and non-financial institutions True False.
House banks contain the following information Bank master data Information for electronic payment transactions Bank accounts for each house bank General ledger accounts for each bank account Electronic Data Interchange (EDI) partner profiles and Data Medium Exchange (DME)
details Company Code.
A combination of the house bank ID and the account ID represents each bank account in the SAP S/4HANA application. True False.
The following are the key fields for automatic payments at client level in a vendor master record Address details Bank country Language Bank key Bank account number IBAN Collection authorization.
Key Fields for Automatic Payments at Company Level Terms of payment Payment methods Payment block.
All items posted to a branch account are automatically transferred to the head office account. The system usually sends dunning notices to the head office, which handles the payment. If the Decentralized Processing field is selected in the head office master record, however, the dunning and payment programs use the branch account instead True False.
Bank master records are created at the client level and can be assigned in all customer and vendor master files. True False.
If a customer is also a vendor, the payment program can clear open items between the customer and vendor accounts True False.
Alternate payer or payee information that is entered at the client level of the master data takes priority over data entered at the company code level True False.
Which of the following steps are parts of the process of configuring the payment program? Configure the paying company codes Configure the payment methods for each company code Configure the house banks Configure the G/L account field status for document entry.
All of the company codes in the payment run parameters must be in the same country. True False.
Which of the following are possible reasons that an invoice would not be paid? The invoice has a debit balance. An invalid house bank is selected The discount period has expired The payment amount is less than the minimum amount specified for a payment.
You can review the exception list before executing the payment proposal True False.
Which of the following activities does the system perform during the payment run? The system exports a list of documents to be paid The system makes postings to the G/L and AP/AR subledgers The system clears open items The system supplies the print programs with necessary data.
The main processing steps of the payment program are- 1 2 3 4 5.
what fields in Bank master records helps payments in the automatic payment program address data control data postal giro data bank group.
A vendor item is proposed for payment if the following applies at the next payment run (taking the tolerance days into account): The period the item is eligible for discount has expired. The item will receive a lower discount. The net due date has passed. If the system cannot find a valid payment method.
The documents included in this payment run were locked against any postings. Any invoice eligible to be paid in the current payment run is blocked for manual payment or payment in a different payment run True False.
|
