Payment to vendors though bank transfer

My customer wants now to change vendors payment through APP with bank transfer instead of Cheque Payment. Please guide

Hi Rajendra
1. You need to check with your client which bank they are going to use
2. Check with the Bank the file format they are looking for - XML or TXT, etc
Also ask them the contents of the file, the fields they want in it and how they must be populated
3. Ask them if they are going to provide you a program to generate the file.. Some banks like CITI do provide
4. If they dont provide, you may have to write your own program to generate the TXT file
XML files can be generated using DMEE (Payment Medium Work Bench)
5. Once file is generated, you need to transmit it to the Bank
6. Before transmission, you may have a 3rd party vendor to do the file encryption
Br. Ajay M

Similar Messages

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    Dear all,
    I of our Client has issue-- that i want post a wire transfer to vendor with out using APP.
    thanks & regards
    krishna reddy

    Hi Rajendra
    1. You need to check with your client which bank they are going to use
    2. Check with the Bank the file format they are looking for - XML or TXT, etc
    Also ask them the contents of the file, the fields they want in it and how they must be populated
    3. Ask them if they are going to provide you a program to generate the file.. Some banks like CITI do provide
    4. If they dont provide, you may have to write your own program to generate the TXT file
    XML files can be generated using DMEE (Payment Medium Work Bench)
    5. Once file is generated, you need to transmit it to the Bank
    6. Before transmission, you may have a 3rd party vendor to do the file encryption
    Br. Ajay M

  • Approval procedure on outgoing payment for Cash and bank transfer

    Dear Expert
    I want to know about outgoing payment approval
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    Case 2 is If my user create outgoing payment by Bank transfer then more then 25000 then it should be approved by manager
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  • Automatic Payment Program / Vendor Master Bank Details

    Hi All,
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    Regards
    Rudra

    Hi Rudra,
    your Question:-
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  • Payment via Bank Transfer

    Upto now we used to pay the FOREIGN vendors via BANK transfer using the HouseBank01 while the domestic ones via Check.
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    Is it possible to use the same payment method for both domestic and foreign vendors ? In this case HOW the HouseBank determination in F110 will decide which bank to SELECT for a domestic and foreign vendor ?
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    Thank you in advance

    If the documents raised on foregin vendors are in foreign currency, then you can achieve your objective with one payment method for both foreign and domestic vendors using 2 different house banks.
    Make sure of following points in such case:
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    (1)In Payment Methods in Country -> Currencies Allowed -> Add both local and foregin currency or leave that totally blank so that all currencies can be allowed
    (2)In payment methods in C Code, Foreign Currency allowed is ticked
    (3)In Bank Determination, use the appropriate different currencies for domestic and foreign currencies when configuring the house bank accounts for the same
    If above steps are taken care of, then a document raised on foregin vendor in foregin currency will pick housebank 2, and a document raised on domestic vendor in local currency will pick housebank1
    Hope that helps....
    Award points if useful
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    Kishore

  • Payment to vendor through intermediary bank

    Hi All,
    we have at present following scenario for making payment to vendor
    we have vendor bank details in vendor master data. We execute automatic payment run & this pick up the vendor bank details. IDOC is generated for payment & file is send to our bank for payment to vendor bank.
    Now we have requirement where user are looking that they can make payment to vendor intermediary bank & vendor intermediary bank can make further payment to vendor main bank.
    Now for this, we should have something where we can configure these both bank details in SAP & when we do automatic payment run, it pick up both bank details
    We are looking for if we have some option available in SAP for this. Kindly suggest.
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    Deepak

    Hi All,
    Kindly suggest on this requirement.
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  • Vendor payment through bank transfer

    Hi,
    Is there any way of doing bank transfer using a manual transaction (i.e.other than F110) ? My customer wants to do the vendor payment by bank transfer similar to the cheque payment which we do through F-53 & F-58.
    Regards,
    Krishna A S V

    Bank Transfer involves the payment file to be sent to bank for the payment. So F110 generates the same.
    You can create the payment via F-53, but to send the information to bank you need to develop a program to generate the payment file. Otherwise you will need to enter that payment manually in the bank site.
    But I still believe that F110 is the best way to make bank transfer payments.
    Regards,
    SDNer

  • Payment Method "Bank Transfer" in House Bank?

    Hi Experts
    1. I have created a Payment method as Bank Transfer - "B".
    2. Assigned it to the Company code
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    4. i have created a Vendor given the Bank details and choosen the payment method B.
    5. Now when i post the invoice in F-43 i want the payment has to be happen in the vendor bank directly.
    please help me what additional configuration i need to do for the above task.
    Regards
    RAJA

    Dear Raja,
    please run FK03 for Your vendor --> General data --> X Payment transaction
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    or
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    The key for the house bank is used if the customer/vendor is always to be paid by the same house bank. The bank selection of the payment program is cancelled with this entry.
    I hope this can help.
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  • China Citi Bank Format for Payments to Vendors through APP

    Hi,
    I am working for China implementation project. My Client is using Bank Transfer for payment to vendors.  I configured APP by using PMW  but i strucked with payment format file. I am looking for the payment format file for Citi bank China. Can anyone who already worked or knows about China Citi Bank please guide me or forward me the payment file format which will accept by the Citi bank to uplaod and release the payment through their system.
    Thanks
    Dilip Raja

    Hi Dilip
    I recently worked with many banks and based on my experience I can suggest that
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    2. If it is XML, check with them if they can provide you a sample file.. If yes, import it from DMEE and make changes as needed
    Basically, you need to ask them what fields should be there in the generated file and how they must be filled...
    Some fields might have constant values, most of the fields would be filled in from FPAYH and FPAYP structures.. Some fields may need user exit also
    3. If it is .TXT file, check with them if they offer custom program to generate it.. They have provided us for our Indian client, but did not provide for Mexico
    If they dont provide, you need to develop a program on your own
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    Br. Ajay M

  • Displaying G/L account name when doing a Bank transfer Outgoing payment

    Hi all,
    When designing a print layout for outgoing payments, using bank transfer, the G/L accout name is not being displayed.  The G/L account code(trfsAmt) can be retrieved from OVPM(outgoing payment table) but is displace in '_sys000' format.  The normal step here would be to link a database field from OACT(G/L account table) and select the 'account name' field. 
    However when priting, i am getting this message 'No matching records found from table OVPM'.
    Any help on this would be greatly appreciated
    Thanks
    Christian
    Edited by: Rui Pereira on Jul 8, 2008 6:00 PM

    Hi Christian
    Hope all is well in Mauritius. Suda's suggestion will only work for payments direct to a General Ledger Account. For Vendor or Customer payments the VPM4 table is not used. The other problem is that both the CashAcc and TrfAcc are automatically populated in the OVPM table based on defaults (if they exist). In order to determine which G/L account name to use you will also need to look at the payment method of the payment.
    I also noticed that if I try to run a query on any of the two account fields against OACT and OVPM, the system tries to map to WTAccount, which is the With Holding Tax Account. This might be the problem also on the layout designer, that SAP Business One is not mapping the query correctly for the added field referring to AccName from OACT.
    I would suggest pulling the account name from the journal file using line 0 (JDT1). The outgoing payment seems to always post the bank account line first, although this is no guarantee.
    Let me know if this resolves the issue.
    Kind regards
    Peter Juby

  • Outgoing Payment Report - Bank Transfer

    Does SAP Business One have a built in "Outgoing Payments report" that would display payments made via bank transfers?
    Or the only option is to create a query?
    Thanks,

    Hi
    How about checking at forum too.
    Here is one of the query
    Reg: Bank Transfer Repor
    Thank you
    Bishal

  • Problem with creation of Bank Transfer file by standard Payment Wizard

    Hello,
    I am currently trying to check if the file created by the Payment Wizard is gathering the appropriate data for Bank transfer payment.
    All the steps of the wizard are undergone successfully. However, no file is created or updated.
    Do you have an idea of what would be related to this problem and what could be the solution ? All the bank and accounts information are in the database, so basically nothing is missing as for data.
    Is the path for the file location important ?
    Do I have to create the file before and with an appropriate format ?
    Thank you for your help !
    Francois

    Hi,
    First of all you need to verify that you have allocated a bank file format for the particular payment method. I assume that you have since you are able to successfully generate the payment run. Once you reach the last step which is step 9 of 9 where you are able to print reports carefully observe and locate the bank file icon to the bottom right of the screen. Once you click on that icon you will be able to select the output file location and need to complete the test run successfully whereafter you need to execute the production run. Once the production run has been completed the output file will have been generated.
    Regards,
    Andre

  • Vendor Payment Document IDOC to Bank [Trans F110 or F111]

    Hello All,
    I'd like help on how we can secure the payment document to the Bank. We are on SAP ver 4.6C and Below is our current process. 
    We use transaction F110 to make vendor payments. After this, we have created a program which downloads the payment details into a format acceptable to the banking software[Citibank]. Details downloaded are, payee name, bank details of payee and amounts payable.  This file is downloaded onto the local hard drive of the user and then it is uploaded into citidirect banking software for online approvals before amounts are credited to vendors.
    Now this process is not secure since files downloaded can be amended before upload in the banking software.
    It is thus based on the above that i ask the following questions.
    1. Is there a way we can ensure that the file downloaded from SAP is encryped and compatible with the banking application?
    2. Is there a diffrent way we can generate payment IDOC's from SAP and directly send them to the banking application? and how would we go about this?
    3. I have heard briefly on transaction F111 and it being able to generate the IDOC's and sent to the banking application without any downlods. What would be the configuration done to achieve this?
    I would really appreciate help on this issue. I'm sure someone out there has implemented a similar solution.
    Kind Regards,
    Catherine

    Hello
    Hope you have time to go through these links.
    If not please let me know, so that I can look for specific answers
    please check the links:
    http://help.sap.com/saphelp_erp2005vp/helpdata/en/c3/3b79418d1b020de10000000a1550b0/frameset.htm
    http://www50.sap.com/businessmaps/E4D33CB0895111D487410000E81EF187.htm
    http://help.sap.com/saphelp_erp2005vp/helpdata/en/4b/ad433717fd11d28a360000e829fbbd/frameset.htm
    http://help.sap.com/saphelp_erp2005vp/helpdata/en/02/a29797e7fe11d295a30000e83dd245/frameset.htm
    Reg

  • Payment Wizard - Bank transfer problem

    Hi,
    In the Payment Wizard if I select the outgoing payment and payment means as check in step 2, The recommendation report in step in step 6 shows the Business Partners and transactions but if I select Bank Transfer as payment means then no Business Partner is displayed in the recommendation report, however the outgoing amount and total value are displayed at the bottom.
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    Any know issues in this version or am I missing some this. Any suggestions will be helpful.
    Thanks in Advance.
    Regards,
    Mohan

    Hi Mohan,
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    Thanks,
    Gordon

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