Processing the Automatic Payment Run

Objectives
After completing this lesson, you will be able to:

After completing this lesson, you will be able to:

  • Process the Automatic Payment Run

Payment Process

You can pay vendors manually or by using the automatic payment program.

The standard system contains common payment methods and corresponding forms defined by country.

Overview of the Automatic Payment Program

Payment media are generated in this step. One of the following occurs:

  • Payment media, such as cheques, are printed

  • IDocs are generated for the Electronic Data Interchange (EDI)

  • A data file is created as part of the data medium exchange (DME)

To create the payment media, SAP S/4HANA uses the Payment Medium Workbench (PMW). It is a generic payment medium program for all payment medium formats.

You can skip the payment proposal and execute the payment run directly. In this case, business transactions that balance the open items are posted directly after entering the parameters.

The system performs the following actions during the payment run:

  • Posts payment documents
  • Clears open items
  • Prepares data for printing the payment media

Create an Automatic Payment Run

View Vendor Accounts

Log in to track your progress & complete quizzes