F110 (APP)

Question

SAP Gurus,
In F110 (APP) in the paramaters tab page what is the use of "Next p/date" i tryied to search from the help option but it was unable to understand.
Could you please explain to me in simple word what it the use of this option.
Regards.

Answer 1

Hi,
This date is needed in order to check the due date of payables. If an item is already overdue on the date of the next payment run, or would lose cash discount, the system pays the item in this payment run.
for example-One of the invoice is due at 25th March, 2010
Today you are executing APP(F110) i.e. 17th March, 2010(current payment run) and the next payment date you mentioned in your current payment run is 27th March, 2010(next payment run F110 execution date).
The above invoice is overdue for the next payment run, hence F110 program picks the above invoice for the current payment run.
Or
If any invoice if not paid in the current run and we are loosing cash discount for the next payment run then that invoice will be considered for the current payment run
for example-Invoice created on 10th March and as per the payment terms 3% cash discount if paid within 15 days else due net for 30 days
If you pay the above invoice on or before 25th March, 2010 you will get 3% cash discount otherwise you need to pay total amount of the invoice.
As per the our current payment program the next payment date we mentioned is 27th March, 2010. By that time we are loosing 3% cash discount at that particular date. Hence that invoice will be considered for the current payment run.
Regards
Krishna Kishore