534857304

Payment Methods in Country
Chapter 14 ■ Defining FI Accounts Receivable and Accounts Payable
The Payment Methods in Country option is a list of standard payment methods procedures per country
you can choose from. Payment methods, although similar, vary from country to country. It is important that
your company uses its country payment methods when making payments to business partners, but it is not
compulsory that your company code use the all payment methods applied to your country in the payment
program (automatic outgoing payments). You can select the specific payment methods that best meet your
company’s requirements from the list. Most countries have more than one payment method. For example,
checks, wire transfers, bills of exchange, and so on.
Only minimum settings are required when customizing payment methods, because SAP comes
with standard payment methods for most countries. Although you can also create your own payment
methods, we advise that you stick to the standard payment methods, as they are typically sufficient for
any configuration. You will not be making any settings in this exercise, but we recommend that you take
a look at the payment methods supplied by SAP to make sure your country payment method is included.
If your company’s country payment is not provided, you have to create one by following this menu path:
IMG: Financial Accounting (New) ➤ Account Receivable and Accounts Payable – Business Transaction
➤ Outgoing Payments ➤ Automatic Outgoing Payments ➤ Payment Method/Bank Selection for Payment
Program ➤ Set Up Payment Methods per Country for Payment Transactions.
Payment Methods in Company Codes
The Payment Methods in Company Codes option contains the payment methods your company chooses
to use in the payment program as a means of making outgoing payments to business partners. Payment
Methods per Company Codes are obtained from country payment keys defined in payment methods per
country. A company code does not necessarily have to use the system’s payment methods per country. It’s
possible code to use some or all of the available payment methods, depending on your requirements. The
specifications you make here determine the payment methods the system will use when making automatic
payments to your business partners.
When customizing the payment methods per company codes, you need to specify the following:
• The paying company’s code (this is the company responsible for processing and
making outgoing payments).
• The payment method that your company code is using, such as check or bank
transfer.
• Amount limits. These apply to your payment methods. You specify the minimum
and maximum amount that the system will not exceed when making payments. Any
payment below the minimum or above the maximum will be excluded from the
payment run in the payment program.
• Other specifications include:
Foreign Payments/Foreign Currency Payments For Foreign Currency
Transactions: The payment method will allow the system to process foreign
currency payments and receipts. Make payments to/from business partner’s
bank abroad.
243