Banking Process

Tags:
ACH file
SAP
Hi Experts,

Need your advide and help on the below.

Customers are faxing checks to my client office and we are manually entering them in a bank website.

we need to automate this process and client is expecting a ACH file from customer to the bank,so how this can be configured in SAP.

Thanks,

Uma.

 



Software/Hardware used:
SAP

Answer Wiki

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Hi,

Thanks for the reply.

Customer dont want to go for LOCKBOX as it’s cost them.

They are faxing checks to client place and expecting us to take money from their bank accounts.

So we are planning to configure direct debit and send file to bank.

Now my question is if i select payment method for incoming payment in FBZP for payment method in country,it is showing below options.

Debit memo
Bill of Exchange
Bill of exchang payment request.
Payment Demand.

Which option should we select for direct debit and also let me know any suggestions for configuring direct debit.

Regards,
Umadevi Pamarthi

Discuss This Question: 3  Replies

 
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  • Dicktomy1
    The intensity of query seems to be that as if you would like to operate in the Lock Box Format which is only available for US. To my knowledge, this can be customized either by ABAP or still we can find third party software in the market which is particularly developed according to the needs. Please enlighten me too if there is a direct method can be adopted. regards,
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  • Dicktomy1
    Dear Uma, Select DIRECT DEBITING.. Bill of Exchange : The payment terms for Bill of exchange is 30/60/90/120...... days. Bill of Exchange payment request : Cannot be used here., use T-code FBZP and configure in Payment Methods in Country, Payment method in company code. Also check your Bank details available in House Banks and Bank determination. Check also in the Customer Master and update it. While making the invoice, do not forget to give your payment method. Regards,
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  • Sdds
    Try all options I think you will get the best because your lucky
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