ACH/EFT Payment Methods

ACH/EFT Payment Methods will be used for what?(vendors or customers).
kindly confirm me
Thanks
Sap Guru

Hi
You can use it for both Vendors & Customers
Ravi

Similar Messages

Canada ACH/EFT payment method

Hi,
I am looking for SAP standard program from Canada ACH/EFT payment method, for "CPA 1464" format.
I already looked into 'RFFOCA_T' but the output file format is different than
the "CPA 1464" format.
Also looked into the DME tree, but looks like it has Canada '005' format.
Any ideas ?
Thanks !
Lakshmi

Hi,
Have you succeeded in setting up this 005 format?
regards,
DT123

EFT Payment Method

Hello Experts,
Are EFT/ACH/Transfer one and the same payment method or are they different.
All answers would be duly rewarded with points.
Thanks,
Nandita

Hi Nandita,
they all means the same.
from a purely sap perspective, the only difference between one payment method to another is the payment medium attatched to the payment method.
Hope this helps

Configuring ACH IAT payment method

Hello Experts,
We are trying to implement a new payment method (ACH IAT) for client's vendor payments. IAT is a new standard class entry (SEC) code that will replace the CBR and PBR SEC codes currently in use today. NACHA rules will require the IAT code and format of all ACH payments entering or exiting the U.S.
As this is a newly introduced payment method SAP had introduced an OSS note (sapnote_0001343600) in 2009 which we had successfully implemented. After a payment process the system is successfully generating a DME file. It seems that the DME file which we have sent to the Bank is not complying to the exact format. Some of the errors pointed out are :
I am also listing the problem data points that business has highlighted :
1. Record Type 6 u2013 Position 4-12 : Should contain the standard Routing Number that indentifies US RDFI at which the receiver maintains the account. It is coming as 0
2.Record Type 6 u2013 Position 13-16 : Number of addenda records associated with entry detail record. They should not be 0.
3.Record Type 7 u2013 Addenda type code 14 u2013 Position 41-74 : Contains foreign RDFIu2019s routing/transit number. Some other value is appearing
4.There should not be two record types of 7 u2013 Addenda Type code17.
5.Record Type 7 u2013 Addenda type code 18 : Mandatory foreign bank info (Bank Name, Code for numbering scheme, Bank Identification number) missing completely.
Looking forward to your valuable inputs from your end.
Thanks and regards
Anindya

Hi Sheli,
Thanks for the reply and sorry for the late response.
I have already configured the particular structure for the DME file that has been generated. The issue here is with the data.
May I ask whether it will be possible for you to kindly help out with the table from where the file is fetching these records. Couldn't figure out those exactly. I think most of the data are being fetched from REGUH, REGUP, REGUT tables but there are some places where the same data which needs to be repeated in another position is not getting populated. Thus I'm not sure whether the system is calling the same table the second time or its some other table.
It will be of great help if you can help me out with the list of tables from which the DME file is getting prepared specially the following :
1. Bank Routing Number
2. Addenda records associated with entry detailed records
3. Why there are two line items of 717
4. Foreign Correspondent Bank Details
Thanks in advance for the help.
Have a nice day !
Thanks and regards
Anindya

Payment method wire and EFT

Hi,
We are already using EFT payment method. Do we need Wire type of pament method ? If yes , what are the possibe reasons.
What is the difference between the two?
Thanks.

Hi
Do you really need a wire transfer when EFT payment are beig made. Because as far as I know EFT is linked with internet portal being provided by the banker. Then where is the need for wire transfer.
Regards
Virendra Malik
Edited by: Virendra Malik on Nov 19, 2008 9:10 AM

Incorrect payment method in Proposal

Hi,
We are trying to run a payment proposal for ACH for payment method "T". However in the proposal run we also see vendor invoices which have payment method "C". They are marked as red and will not be paid. But the question is why does these document flow in our proposal, when we want only records with payment method T.

Hi Angu
It is normal that this item is appearing in the exception, inspite of different payment method. Because you have selected the vendor in your payment run, and now you can either choose to pay that line items by changing the payment method or ignore it by leaving it as it is in exception list.
But to avoid this line item even to appear in the exception list of your payment run, you can further filter the documents by entering 'T' in the free selection against payment methods in the vendor master record (LFB1-ZWELS).
Regards

Show payment method in the invoice

HI,
Our client offers 3 different payment options:
Credit Card
30 Day Account
Direct Deposit
How can i show this in the invoice - I can't seem to find the correct tag to display the option chosen.
Or is it not possible?
Cheers,
Henry

I have the same issue with a new client that wants to provide cheque, money order, cash and direct deposit (i.e. EFT) payment methods.
It is possible to display the payment method, there are a few steps involved though:
Go to CRM - Extend CRM Database - Add CRM Form
Name: Payment Details
Form Fields - Add Field - Field Name: Payment Method. Field Type: Text (String)
Apply Form - Orders - Save
Now go to Site Manager - Web Forms - Online Shop Purchase Form (or whatever your order form is named).
CRM Forms - Payment Details and add this to your existing form
More Actions - Get Web Form HTML Code
Copy/Paste this into something like jsbeautifier.org and format it so it doesn't read so horribly.
Find the line that has the custom form on it, and change the type="text" to hidden. Mine looks like this (<input type="hidden" name="CAT_Custom_19971821_155241" id="CAT_Custom_19971821_155241" />)
Find your payment method form elements on your form, and add this attribute to each payment method type:     onclick="ShowCCFields(this.value);"
Now create a javascript function below your provided validation function like this:
function ShowCCFields(val) {
                        if (val == 4){
                            document.getElementById('CAT_Custom_19971821_155241').value = "Bank Deposit";
                        }else if(val == 3){
                            document.getElementById('CAT_Custom_19971821_155241').value = "Cash / Money Order";
                        }else if(val == 2){
                            document.getElementById('CAT_Custom_19971821_155241').value = "Cheque";
And now add {tag_crmform} to your Invoice.html file located in Layouts - Outbound Emails - Invoice.html if you are using FTP, or System Emails - Invoice if you are using the Web based manager.
This will do it, however, it leads to a new problem!
What will happen is that when someone pays with say Cheque, the order invoice that is immediately emailed will say "Amount Outstanding: $0!!!!".
If you want to ensure that it says that the amount is still to be paid, you need to read up on this forum post to change the order to a quote on the fly at the end of the checkout process. See post #3 by gcpa.

What is the different between payment methods Wire and EFT

Hi All
can anybody tell me What is the different between payment methods Wire and EFT ?
Regards ;

WIRE:
Wire is transfer of amount due directly to the supplier's bank it is an electronic transfer of funds
This mode of payment is used for international suppliers.
It can be paid in foreign currency or USD.
Wire payments are same day payments.
EFT:
EFT ensures funds transfer from one bank account to another using electronic links.
Can be used to make payments into domestic banks (within US) in USD only.
It is faster than check payments.
Hope this helps.

ACH payment method US- Value date in DME

Hi,
We are using ACH payment method. After the payment program is executed, through Environment>payment mediumDME administration, we download the txt file which is sent to the bank. In this file format, apart from the date in the header record, we find another date with record type 5 positioned at 70-75.
From which table and field this value is being populated? Also, if we need to change this date to the next day ( i.e. payment program is executed today, but this date should be the next day).
I did configuration in FBZP - value date ( put the days as 1); and also in SPRO: Define value date rules for bank transactions and assigned the payment method to bank transaction.
Despite all this; I do not see that the date in the DME file is not getting changed (position 70-75). I see that value date in REGUH table is changed to the next day.
So my questions are:
From which table this date is getting populated?
How to change this date to the next date?
Do we need to use any user exit? If so which one ?
Your help in this regard is highly appreciated.
thanks
Srinivasa Vepa
Sorry , I posted in the wrong forum. Please ignore this. Posted in SAP Financials

Srinivas-
That field in company batch header with record type is called "effective entry date". Please look at the attached thread.
Effective Entry Date
Shail

F110: What is best method in voiding an EFT payment after check run?

What is the best method in voiding or reversing an EFT payment after a check run (F110)?
Thanks!

have you figureed it out?
if I didn't remember wrong, we first find the clearing document number in proposal log, and used FBRA to reset the clearing items, then reverse the document
I am also interested in setting a dummy check number for EFT, anyone can throw some ideas here?
thanks
Keqin

EFT Functionality For payment method V

Hi
We are currently enabling EFT Functionality for our client .our Aim is to Generate a DME File for payment Method V( EFT for Domestic).We have a Format EFTS_EIRE.I have Following Questions
1.Is the Format SAP standard One?
2.Where we are assigning the Forms ?
Please let me know
Thanks & Regards
Madhav

Hi
We are enabling the Functionality for Ireland.In FBZP we have assignd the payment method V to the country IE.
To give you more inputs.....,we have to company codes in Ireland .
two company codes are using the same Format EFTS_EIRE.we have the same set up in FBZP for both the company codes under Ireland
we could able to generate the DME File in our payment run for one comapny code.For the other company code we could not be able to genearte the DME File.
my question is where the Format is assgined to generate the DME Functionality?
Please let me know if you stillneed more inputs
Thanks
Madhav

Payment method EFT CB ISO - Full form

Dear All,
Kindly let me know the full form of standard Payment method configured for United Kingdom *"5 - EFT CB ISO "" stands**

Hi,
The following is the expansion:
EFT u2013 Electronic Funds Transfer
CB u2013 CitiBank
ISO - International Standards Organization
Regards,
Kiron Kumar T.

Create AP Payments (ACH, EFT, Check, Manual, Wire) through API/Interface

We create invoices in our oracle EBS R12. But as we are child unit of a larger company, they make all the payments via PeopleSoft and send us a EDI file. So now, we want to develop an inegration application using the API/Inerface to apply all the payments for different payment methods in our EBS system.
Firstly would it be possible to develop an application using API/Interface to solve the problem.
Secondly what interface I should be using for payment not only for check payments.
Thirdly whould using AP_PAY_INOVICE_PKG (which is not a API/Interface) will solve the problem.
Should I be using this package? What other options are out there which let me automate the payment procedure in EBS.
Thanks

Hi Schwartz,
You say you create invoices in your Oracle EBS R12 and pay in Peoplesoft. If that is the case, then you must send the invoice details to Peoplesoft. In which case, at the time you send them to Peoplesoft, from an EBS perspective you have effectively paid them. Why not just pay them in Oracle EBS and send the payment details to Peoplesoft so you can cross reference the payment numbers? Once they are paid in Peoplesoft, as long as you have paid them in the same way, then you could send the Peoplesoft payment number reference back to EBS and store in DFF on Oracle EBS Payment record or similar... the complication is then voided / unpresented cheques etc...
Update: when I say "pay them in EBS" I mean process the payments, but don't create Checks / EFT etc.
Regards,
Gareth
Edited by: gareth.roberts on Nov 2, 2009 7:58 PM

EFT payments config - ACH ID?

Hi Guys,
I would like to know what ACH ID means in EFT payments? is it the bank key ? we have sent the ACH/Wires test files to bank and they came back saying "An incorrect ACH ID was included in the ACH test file"
Thanks in advance, God bless

Find the following check points:
Bank Defnition in the Cash Management Resp
Branch Defnition
in the Bank account defnition> make sure the Owner is rightly assinged ur desired LE
Within the Access Options> the OU under LE(Owner) is given access to this bank account.
in the Cash account and cash clearing account are entered with correct combinations.
Save each page during defining and updating the values.
If needed map the bank account to the supplier in the supplier pages. Post 12.1.1 take care when assinging bank to supplier and supplier . that is not as simple as 12.0
Hope these things would help u choose corect bank acount and pay.

Configuration of ACH and WIRES as payment methods

I chose the correct program in Classic Payment Medium which is RFFOUS_T to make payments by WIRES. When I go to paymetn run, in the proposal log I get the following messages:
Due items with currency USD, pmnt method - items total is > 0
Message no. FZ328
...none of the payment methods defined can be used for these items
Message no. FZ347
... payment not possible because of reported error
Message no. FZ311
Information re. vendor 1000000/ paying company code ABCD ...
Message no. FZ305
payments by EDI / IDoc generation
Message no. FZ797
IDOcs were generated for the following entries
Message no. FZ760
Diagnosis
A payment IDoc is created for each individual payment. The configuration settings governing this are made in the table containing the EDI-compatible house banks and payment methods.
System Response
The house banks and payment methods in question are displayed.
I have done all the configuration correctly as far as setting up the pmt method. It also exists in vendor master. Where am I going wrong.
My understanding is that when we use classic payment medium program for WIRES and ACH it is RFFOUS_T. Let me know if my understanding is corrrect? Is there any form that I need to define in SAPscript or any other configuration required from my part. Also if you can tell me how do we distinguish between ACH and WIRES because they use the same payment medium program RFFOUS_T.
If anyone can provide me with step by step configuration of WIRES in SAP, it will help a great deal and will help me figure out where am I going wrong. Also i someone can tell me the difference in configuration of ACH and WIRES??
Would like to thank in advance if my problem gets resolved and will definitely assign points.

The need to define "wires" is purely business decession. If the users want to identify the vendors and restrict mode of payment to "wires" only, then you go for that.
Just add this method to the vendor master data.
reward if useful.
sarma

ACH/EFT Payment Methods

Similar Messages

Maybe you are looking for