Dates in APP - F110

Question

Hi All,
Can any one please help me to clarify the following things:
In case of APP Run in T.Code :F110” we find following fields:
1.     Posting Date
2.     Docs entered upto
3.     customer items due by
4.     Next P/Date
What is purpose of each above? What are all the thing that will control?
Please explain me clear with examples.
Thanku

Answer 1

Hi Mahesh,
1. <b>Posting Date:</b> The reason for entering this is to indicate to the syatem as to which date should it post on, It is similar to the posting date used in normal document posting.
2.<b>Docs entered upto:</b> By running this program you are attempting to clear the open items of customers or vendors. You have to decide on the invoices to be paid, right? Say for eg: If you are paying the vendor on a weekly basis, and you are planning to run the program on 14 Jun 2007 for the payments made till last friday say 8th June 2007. You can enter your Posting date as 14 Jun 2007 ask the system to clear open items till last friday by specifying 8th Jun 2007 in this column.
3. <b>customer items due by:</b> There may be cases where you have long outstandings and you want to clear the oldest items first instead of clearing all items at a strech. Eg: Say my customer due is since Jan, I would first of all like to clear the customers who got due by Jan 15. By doing so it will not take the open items that get due beyond Jan 15th. After clearing them I would prefer to clear the customers who got due by Jan 30, then Feb 15th etc.
4. <b>Next Payment Date:</b>
       Assume I have 10 open items, My current Payment date is say today 14th Jun 07 and Im planning to run the payment program again only by 30th Jun 07. Out of 10 open items lets assume 3 have the due date falling before 14th, 5 falls on 20th Jun 07 and the remaining 2 on 30th Jun 07.
    The problem is now with the 5 open items whose due date falls on 20th Jun 07, bcoz, the system will choose these open items only on the next payment run (30th) and in between this gap I may loose money by paying penalty for late payment.
   So in this case I enter the Next P/Date. The system seeing that the nxt payment is only on 30th will automatically include this 5 open items on 20th and help me avoid the penalty that I have to pay for late payment.
Kindly let me know if this was useful.