Payment and receipt methods

For each payment method or receipt method, the details include:

• Receipt/Payment
  Whether the payment/receipt method is used for payments to suppliers or for receipts from customers. A payment to a customer is viewed as a negative receipt and a receipt from a supplier is viewed as a negative payment.
• Kind of Payment/Receipt
  Whether the payment/receipt method is used in an automatic payment or direct debit procedure, for trade notes or for manually entered payments or receipts.
• Session to Create Payments/Receipts
  The session in which LN must generate the payment document or the receipt document during the automatic payment/direct debit procedure. Different sessions and payment reports can be required for each payment document.

  The various sessions used to create documents and sequential files for receipts and payments are as following:

  • For supplier payments, use the Transfer Payments (tfcmg1260m000) session.
  • For direct debits, use the Transfer Direct Debits (tfcmg4260s000) session.
  • For direct debits in Germany, use the Transfer Direct Debits (tfcmg4260s000) session.
  • For payments in Germany use the Transfer Payments (tfcmg1260m000) session.
• XML File
  Define the XML file path for the payment/receipt method in the Data by Bank/Payment Method (tfcmg0145s000) session. The XML file layouts must be defined in the XML Payment/Receipt Layouts (tfcmg0524m000) session.
• Payment Report
  The type of additional reports or ASCII files you must generate while processing payments and direct debits. The bank files are generated when you process the payment batch in the Transfer Payments (tfcmg1260m000) session.
• Additional Report
  The type of additional reports or ASCII files LN must generate for diskette payments or electronic payments.
• Output Type and Default Report Device
  The way in which you transfer the payment file to the bank.
• Steps
  The steps that LN must perform for the payment document or the receipt document. For each step, LN updates the document status and if applicable, creates financial postings in the general ledger. Some steps are mandatory, other steps are optional. You can select the optional steps.
• Check master
  If you use pre-numbered payment documents, including trade notes, the payments can be are made through checks. For each bank/payment method, the available checks and used checks are registered in the check master which you can define in the Check Master (tfcmg2115s000) session.
• Compose Documents
  Documents can be generated for individual invoices or for several invoices.