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Configuring SAP® ERP Financial and Controlling by John Burger, Peter Jones

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Payment Program Configuration

Configuring the payment program allows you to determine exactly how and when vendor invoices get paid. You can configure many settings in the payment program; this provides you with a lot of flexibility in how you process payables in your production system. SAP allows both vendor and customer line items to be paid through the payment program. The ability to pay customers comes in handy when used in conjunction with some of SAP’s other standard functionality, such as Sales & Distribution (SD) rebates.

Payment program configuration is a series of steps that are configured within one program (in the older versions of SAP, the configuration screen was housed on one main configuration screen). The specific steps that ...

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