Setting up the Payment Process (optional)

This lesson provides a detailed overview of setting up the payment process, focusing on the two elements: creating the Payment Medium Format and setting up the Payment Method.

To create the Payment Medium Format, please follow these steps:

1. In CBC open the configuration activity Create Payment Medium Formats (102569).
2. Click on New Entries.
3. Enter /DEMO_PAYMENT_FORMAT in the field Payt. Mdm Format.
4. Enter a description.
5. Select Electronic Payment Medium with Type XML.
   
6. Set Company code and House bank in the section Payment Medium output divided by level of detail.
   

Having created the Payment Medium Format, we can now proceed to set up the Payment Method.

Follow the steps outlined below to complete this setup.

1. In CBC open the configuration activity Set Up Payment Methods for Each Country/Reg (101972).
   
2. Go to the configuration activity Set Up Payment Methods per Company Code for Payment Transactions (101044).
3. Assign the payment method to 1010 company code.
   
   Note

   The information in the Drawer on the form are transferred in the Payment media workbench in fields FPAYHX-AUST1/2/3/O which we used for company name and address.

4. In CBC open the configuration activity Assign Account Symbol to Payment Methods (103557).
   
5. Continue with the configuration activity Set Up Bank Determination for Payment Transaction (101045).
   
   
6. Add payment method to supplier master data.