Maintain Payment Method (FBZP Transaction)

September 5, 2009 by mySAP
Filed under: SAP Tutorial

Payment Method in SAP

The payment method determines how payments are to be made, e.g. with check, bank transfer or bill of exchange. Payment methods are entered in the master records of customers and vendors in order to specify the payment process. If an open item is to be paid using a specific payment method, enter it in the open item. The terms which have been defined for the payment method must be satisfied.

Required Master Record Specification?

If Street, P.O.Box or P.O. Box pst cd indicator is checked. Indicator that the payment method can only be used for payment if a street, the P.O. box or a postal code for major customers (P.O. box postal code) is specified in the customer/vendor master record.

Document Type for Payment : Specifies the document type which the payment program uses to post the payment document.
Clearing Document Type : Specifies the document type which the payment program uses to post the clearing document which is created with cross-company code payments. The clearing document contains the clearing entries.

Payment Method Classification

Check will be created Indicator: will a check be created using this pmnt method
Allowed for personnel payments Indicator: Payment method for personnel payments allowed