Financial postings for payments

Payments ( Accounts Payable)

The following sections describe the financial postings created for the various steps of a payment process.

Various posting details are indicated as follows:

• If no journal

  LN creates the posting if the Post in case of Journal check box is cleared in the Posting Data by Bank/Payment Method (tfcmg0146s000) session.

• Fixed entry

  Fixed entries are generated by LN and cannot be modified.

• from ...

  Indicates whether LN retrieves the ledger account from the financial business partner group or from the Posting Data by Bank/Payment Method (tfcmg0146s000) session.

Payments made through bank orders and checksFor each step, LN creates the following posting:

• Document Received from supplier

  Not applicable.

• Document Accepted/Sent

  • Anticipated supplier payments, from financial business partner group (If no journal)
  • To anticipated payments, from Posting Data by Bank/Payment Method. The actually paid amount is posted.

• Document Paid

  • Anticipated payments from Posting Data by Bank/Payment Method. The actually paid amount is posted.
  • To anticipated supplier payments, from financial business partner group (If no journal)
  • To the Accounts Payable control account (Fixed entry)
  • To bank (Fixed entry)