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Unit 4 ap payment


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Unit 4 ap payment

  1. 1. Accounts Payable Version 1.0 Unit 4: Payments FI: Accounts Payable SAP-ERP
  2. 2. Course Agenda <ul><ul><li>Unit 1: Introduction </li></ul></ul><ul><ul><li>Unit 2: Master Data </li></ul></ul><ul><ul><li>Unit 3: Invoice & Credit Note Processing </li></ul></ul><ul><ul><li>Unit 4: Payments </li></ul></ul><ul><ul><li>Unit 5: Inquiries & Account Management </li></ul></ul><ul><ul><li>Unit 6: Reporting </li></ul></ul>FI: Accounts Payable
  3. 3. Unit Objectives <ul><li>At the completion of this unit, you will be able to: </li></ul><ul><li>Understand how vendor invoices and credit memos are paid and cleared on SAP R/3. </li></ul><ul><li>Perform an Payment Run </li></ul><ul><li>Manage and Review Payment Data </li></ul><ul><li>Display check information </li></ul><ul><li>Clear Vendor Open Items </li></ul><ul><li>Reset Cleared Items </li></ul><ul><li>Correct entries made to a Vendor a/c </li></ul>FI: Accounts Payable
  4. 4. Transaction Codes <ul><li>Accounts Payable Module </li></ul><ul><li>Payment Run F110 (Automatic Payment Run) </li></ul><ul><li>Manual Clearing F-44 </li></ul><ul><li>Check Register FCHN </li></ul><ul><li>Clear Vendor Open Items F- 44 </li></ul><ul><li>Reset Cleared items FBRA </li></ul>FI: Accounts Payable
  5. 5. Key Terms <ul><li>Payment Program </li></ul><ul><li>Proposal Run </li></ul><ul><li>Payment Proposal Exceptions </li></ul>FI: Accounts Payable
  6. 6. Vendor Payments Method within SAP R/3 <ul><li>Payment Run </li></ul><ul><ul><li>The payment run is an process that runs a payment program which determines automatically: </li></ul></ul><ul><ul><ul><li>Which vendors to pay </li></ul></ul></ul><ul><ul><ul><li>When to pay vendors </li></ul></ul></ul><ul><ul><ul><li>The method of payment (check or wire transfer) </li></ul></ul></ul>FI: Accounts Payable
  7. 7. Payment Run (F110) FI: Accounts Payable
  8. 8. Payment Program Details <ul><li>Step 1 – Set Parameters </li></ul><ul><li>In this step of the payment run, you define the settings the system will use in determining which open items to pay, what payment method to use and what information will be captured in the payment log. </li></ul><ul><li>Key Fields to be completed include: </li></ul><ul><ul><li>Next Posting Date – date you expect to process another payment run </li></ul></ul><ul><ul><li>Company Codes – which companies you wish to include in the run </li></ul></ul><ul><ul><li>Payment Method – e.g. check or EFT </li></ul></ul>FI: Accounts Payable
  9. 9. Transaction F110 – (Payment Program) – Set Parameters FI: Accounts Payable
  10. 10. Step 1 – Set Parameters FI: Accounts Payable Next you inform the system on what values of Documents to exclude. In this case, Documents with Reason code R and doc type ZE- Garnishment payment documents) are excluded during this cycle run. Garnishment payments are run as a separate payment run.
  11. 11. Step 1 – Set Parameters FI: Accounts Payable Next you complete the Additional Log if you wish to specify any of the following: <ul><li>You are asking the system to log the following events </li></ul><ul><li>Due Date Check – used to keep a log of due date checking of open items </li></ul><ul><li>Payment method Selection in all cases – used to keep a log of all payment methods and banks selected during a payment run. </li></ul><ul><li>Payment method selection if not successful – attempted selection of the payment method and bank is recorded in the log if no permissible payment method or bank is found. </li></ul><ul><li>Line Items of the payment documents – used to set a trace for payment documents. </li></ul>
  12. 12. Step 2 - Run Proposal <ul><li>You are scheduling the payment proposal in this step. The proposal acts as a simulation of an actual run to allow you to perform an analysis and make any necessary adjustment prior to the live run. </li></ul><ul><li>Although no postings are made by the system at this point, items selected during the proposal run cannot be selected by any subsequent payment run. This prevents duplicate payments from being made. Note – these items remain “selected” until the proposal is either deleted or the payment run is completed. </li></ul>FI: Accounts Payable
  13. 13. Proposal Screen FI: Accounts Payable Select Proposal
  14. 14. Step 3 – Review and Edit Proposal <ul><li>When the proposal run has completed additional boxes will appear at the top of the screen to allow you to edit and review the proposal. </li></ul>FI: Accounts Payable Proposal Review and Edit Boxes
  15. 15. Proposal List <ul><li>The Proposal List will show items that are exceptions. You simply double click into the exception line to review the issue. </li></ul>FI: Accounts Payable Double Click
  16. 16. Step 4 – Re-Run Proposal <ul><li>When all exception items have been corrected the current proposal has to be deleted to include the changes you may have made on vendor items or master data. </li></ul><ul><li>When you run the proposal again you can review before you execute the payment run (steps as above also). </li></ul><ul><li>The final review is to run the list to analyze the payment run before executing real-time. </li></ul>FI: Accounts Payable
  17. 17. The Proposal log will be similar to this: FI: Accounts Payable
  18. 18. Step 5 – Payment Run <ul><li>Again you will be asked if you want to run the payment run immediately. </li></ul><ul><li>When the run has completed: </li></ul><ul><ul><li>All open items will be cleared from vendor accounts. </li></ul></ul><ul><ul><li>Documents with Debit (Dr) and Credit (Cr) entries will be posted to the vendor and general ledger accounts. </li></ul></ul><ul><ul><li>Files will be created to transfer the payments. </li></ul></ul><ul><ul><li>Check runs are done on Mondays and Thursdays only while wires are done everyday. </li></ul></ul>FI: Accounts Payable
  19. 19. Payment Run Results Screen FI: Accounts Payable Message to say payment run successful
  20. 20. Payment Run for Customer FI: Accounts Payable Customers selected instead of Vendors
  21. 21. Payment Run for Garnishment Payments FI: Accounts Payable Garnishment Document selection Criteria
  22. 22. Managing and Reviewing Payment Run Data <ul><li>Managing and reviewing payment data includes the following: </li></ul><ul><ul><li>Display Check Information (FCH1) </li></ul></ul><ul><ul><li>Voiding an issued check (FCH8) </li></ul></ul><ul><ul><li>Blocking / unblocking vendor invoice </li></ul></ul><ul><ul><li>Displaying the Check Register </li></ul></ul>FI: Accounts Payable
  23. 23. Display Check (FCH1) FI: Accounts Payable Enter the correct Paying Company Code, House Bank, Account ID and Check number can click enter
  24. 24. Display Check (FCH1) FI: Accounts Payable Bank Account, Amount and Vendor information is displayed Click on the Accompanying docs icon to display FI Documents
  25. 25. Display FI Documents for Checks (PO Inv) FI: Accounts Payable <ul><li>Note: If FI Document displays 51XX Number, then the Invoice displayed is a PO Invoice, else the Document displayed is a Non PO Invoice (10XX X or 900XXNumber) </li></ul>Double click on the line item to display the the Logistic document
  26. 26. Display FI Documents for Checks (PO Inv) FI: Accounts Payable
  27. 27. Display FI Documents for Checks (PO Inv) FI: Accounts Payable
  28. 28. Voiding Issued Checks (FCH8) <ul><li>Checks can be voided for multiple reasons, such as being lost, damaged or stolen, Incorrect amount on check,Incorrect vendor Name,Illegible Check issued . </li></ul><ul><li>SAP allows a reason code to be assigned to identify the reason the check is being voided. </li></ul><ul><li>The payment document is reversed. </li></ul><ul><li>The check register is updated. </li></ul>FI: Accounts Payable
  29. 29. Stop Payments and Voiding of A/P Checks <ul><li>Accounts Payable contacts the bank to verify that the check has not been cashed, then issues a &quot;stop payment&quot;. </li></ul><ul><li>Once this is complete, the check needs to be voided in SAP and is either reissued or the FI documents are reversed. </li></ul>FI: Accounts Payable
  30. 30. Voiding the check (FCH8) <ul><li>Make sure to contact the bank and request a “stop payment” before voiding or canceling a Payment </li></ul>FI: Accounts Payable
  31. 31. Voiding the check (FCH8) FI: Accounts Payable Enter the company code on which the check was issued , House bank, Account ID, Check number, Void reason code, and use Reversal reason 99. Use the eyeglasses to display/verify the check info Return to the Cancel Check payment screen and click the “Cancel payment” button to cancel check
  32. 32. Re-issuing a check <ul><li>If the check is to be reissued, the documents are open and a new check will be issued in the next payment run. </li></ul><ul><li>Write the vendor number, documents number, and due date on the void/reissue request. </li></ul><ul><li>Place in &quot;manual&quot; file bin to be file in disbursement tickler. </li></ul><ul><li>Disbursement will audit and mail check. Back up with be scanned with vendor invoices for that date. </li></ul>FI: Accounts Payable
  33. 33. Reset Cleared Items <ul><li>Resetting cleared line items is the process of reactivating line items that have been cleared. </li></ul><ul><li>You can reset clearing transactions for individual documents. </li></ul><ul><li>When clearing is reset, the clearing data is removed from the line items. </li></ul><ul><li>You can also reverse the payment document which cleared the open items. </li></ul><ul><li>Transaction is FBRA </li></ul>FI: Accounts Payable
  34. 34. Reset Cleared Items – Transaction Code FI: Accounts Payable
  35. 35. <ul><li>Only 1 document can be reset at a time. </li></ul><ul><li>The fields that need to be completed are </li></ul><ul><ul><li>The document Numbers </li></ul></ul><ul><ul><li>The company code </li></ul></ul><ul><ul><li>The fiscal year the item was posted </li></ul></ul>Reset Cleared Items FI: Accounts Payable
  36. 36. Reversing documents if no check re-issued <ul><li>If the check is not to be reissued, the documents need to be reversed. </li></ul><ul><li>There are two different procedures depending on whether the original document was PO-related or non-PO related. </li></ul><ul><li>Remember all documents covered on the CHECK need to be reversed. </li></ul>FI: Accounts Payable
  37. 37. Reversing documents if no check re-issued <ul><li>Non-PO related invoices </li></ul><ul><ul><li>Reverse the invoice using FB08 </li></ul></ul><ul><li>PO related invoice </li></ul><ul><ul><li>Reverse the logistic document using MR8M </li></ul></ul><ul><ul><li>Use transaction F-44 to clear the financial DR and CR documents </li></ul></ul><ul><li>Cross-company Logistic Document </li></ul><ul><ul><li>Use transaction FBU8 to reverse the financial document </li></ul></ul><ul><ul><li>Use transaction F-44 to clear the financial DR and CR documents </li></ul></ul>FI: Accounts Payable
  38. 38. Reversal of Non-PO related invoices FI: Accounts Payable Display the document before reversal using the Display before reversal icon Click on the save icon to reverse the FI invoice
  39. 39. Reversal of PO related invoices (MR8M) FI: Accounts Payable Display the document before canceling the Invoice. Click on the save icon to cancel the invoice
  40. 40. Clear Vendor Account Open Items <ul><li>This function will be used to clear open items from inter-company transactions. </li></ul><ul><li>Inter-company vendors will be utilized to post and track inter-company changes. </li></ul><ul><li>No payment will be made (or received) on these transactions. </li></ul><ul><li>Open items must be cleared from the inter-company vendor accounts. </li></ul><ul><li>You can only clear open items from one account at a time. </li></ul><ul><li>Note: This is not an AP functionality </li></ul>FI: Accounts Payable
  41. 41. Clear Open Items – Transaction Code FI: Accounts Payable
  42. 42. Clear Open Items – Selection Criteria F- 44 FI: Accounts Payable
  43. 43. <ul><li>All Open Items will appear as follows: </li></ul><ul><ul><li>You simply double click on the amounts you wish to clear against each other. </li></ul></ul>Process Open Items FI: Accounts Payable Select the line items to clear
  44. 44. Block / Unblock Vendor Postings From Being Paid <ul><li>Payments may be temporarily blocked if there is a reason that the vendor or invoice should not be paid. </li></ul><ul><li>In order to block a payment, a block payment flag is assigned to the invoice document. </li></ul><ul><li>The block may be reversed or unblocked if the reason that prompted the block is resolved. </li></ul><ul><li>The block is entered on the document through transaction FB02 (change document). </li></ul>FI: Accounts Payable
  45. 45. Check Register (FCHN) <ul><li>The check register generates a list of checks belonging to a specific company code. </li></ul><ul><li>The register is sorted by payment method and check number. </li></ul>FI: Accounts Payable
  46. 46. Check Register – Transaction Code FI: Accounts Payable
  47. 47. Check Register Selection Criteria FI: Accounts Payable Enter the reqd. information
  48. 48. Unit Recap <ul><li>You can execute Payment Run using transaction F110 </li></ul><ul><li>You can display Check information using transaction FCH1 </li></ul><ul><li>You can Void Checks using transaction FCH8 </li></ul><ul><li>You can Void Checks in SAP using transaction code FCH8 </li></ul><ul><li>You can Clear Open Items using transaction F-44 </li></ul><ul><li>You can Reset Cleared Items using transaction FBRA </li></ul><ul><li>You can view Check Register using transaction FCHN </li></ul>FI: Accounts Payable
  49. 49. Questions and Answers FI: Accounts Payable