Supplier payments

Requirement

Functionality for payments and remittances of invoices to approved suppliers, through the banking systems of a specific country, is a normal business requirement.

All bank transactions are cleared centrally.

M3 solution

Supplier payments can be managed electronically or manually. Manual methods include check printing or the delivery of payment orders to the bank.

Configuration guidelines

Program ID Program name Description or comment
CRS405 FAM Function. Open Configure FAM functions AP20 and AP3x for invoicing.

In (CRS406), specify this information:

VAT method - cash discount
To recalculate the VAT share per VAT rate, specify 3.
Split payment transactions
We recommend that you specify 3.
Split bank transaction
For FAM functions AP3x only, we recommend that you specify 3.