Wire Payment Method

Hi All,
Presently, Accounts Payable is requesting a new payment method and payment processing for Wire Transfers similar to the process we currently have for ACH payments.  Today wire payments are handled manually in SAP via document postings instead of payment processing.  Accounts Payable will also be requesting an implementation of an ACH register similar to that of the check register.  This will require assigning some type of identification number to the ach payment similar to a check number that is then reportable in SAP. 
Can any one give an idea to convert wires in to the automatic payment process? Or send the documents related to this requirement.
Thanks & Regards,
        Prathap

Hi,
Please create a new payment method e.g. W for wire payment identification.
You can keep the same payment program e.g. RFFOUS_T in payment method in contry setup of FBZP.
This way, you will be able to assign a difference interface to Wire payment method and shall be able to fatch the data in Wire format. you will need to ask the bank for their format in which they would like to have the data. Once they send the format, you will need to change instead of how it appears standard way of SAP. Take help from ABAPer for changing the fields length and format.
This is how you will be able to process the automatic payment program through Wire payment method.
Regards
K Khatri

Similar Messages

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    http://blogs.oracle.com/xmlpublisher

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    Hi
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    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.
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    reward if useful.
    sarma

  • URGENT!! Default Vendor Payment Methods

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    Edited by: Jay J. Esparza on Aug 3, 2008 5:13 AM

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  • Vendor Wire Payment Including "For Further Credit" Value

    We process a decent amount of wire payments to our vendors.  We execute the automatic payment program (F110) and the wire instructions are transmitted via EDI to our bank who pays on our behalf.  More and more of our vendors are requiring we pay a bank account with instructions for a alternate/for further credit bank account and I can't find a standard way in SAP to accomodate this.
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  • Wire Payment Posting

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