Payment/Receipt Methods (tfcmg0540m000)

Field Information

Payment/Receipt Method

You must enter the payment/receipt method code. The code identifies the data that applies to a certain payment method.

Receipt/ Payment

This field indicates whether the payment method refers to a Payment or to a Receipt.

Kind of Payment/Receipt

The type of payment or receipt of the payment/receipt method. The type of payment or receipt determines how LN will process the payment or the receipt.

Automatic

An automatic receipt or payment process is initiated. For automatic receipt, sales invoices are selected for direct debit. For automatic payment, purchase invoices are included in the payment procedure.

Manual

You must manually perform the receipt process or payment process.

Trade Note

The payment or receipt is made by creating a trade note document.

IBAN Account Required

If this check box is selected, LN checks whether a creditor's or debtor's IBAN is available when a payment or direct debit advice is audited.

The audit is one of the first steps of the payment and direct debit process. If an IBAN is missing, a report is printed specifying for which creditor or debtor the IBAN is missing.

Use IBAN Account

If this check box is selected, LN uses the bank's international bank account number for payments and direct debits.

If this check box is cleared, LN uses the business partner's bank account number for payments and direct debits.

You can define the international bank account number and/or the business partner's bank account number in the following sessions:

• Bank Account by Pay-to Business Partner (tccom4125s000)
• Bank Account by Pay-by Business Partner (tccom4115s000)