Automatic Payment Program (APP)
There are 2 options for SAP FI Payment Processing:
- Manual Payments
- Automatic Payments (Payment Run)
APP (Automatic Payment Program) is done via F110 transaction. It has many exiting features like, auto DME generation and sending Payment advice to Vendor via Email.
Various components of Payment Run.
Payment Methods
C Check
I Immediate Check
S Separate Check
T Electronic Payment (DME)
E EDI (IDOC)
“We can also define payment methods per local requirement”
Posting Key
Posting keys indicate the type of line item entered.
Posting keys commonly used in Account Payable sub module are:
21 Credit Memo Invoice
31 Vendor Invoice
40 Gen. Ledger Debit
50 Gen. Ledger Credit
Payment Terms
A four-digit code identifies payment terms in SAP. The first two digits represent the payment period, and the last two digits represent the cash discount percentage. For example:
0000 – Payable immediately due net
1000 – Within 10 days due net
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