The automatic payment program is a tool, that will help users, to manage payables. True False.
SAP Payment program lets you automatically Select open invoices to be paid or collected (i.e. Customer/Vendor) Post Payment Documents Print Payment Media using DME,EDI None of the above.
The payment program has been developed for both national & international payment transactions with vendors & customers, and handles both outgoing and incoming payments. True False.
The Payment process consists of four steps. True False.
The Payment process consists of Setting Parameters Generating a proposal Scheduling the payment run Printing the payment media All of the above None of the above.
All company codes define Intercompany payment relationship The company code(s) that process payment Cash discounts Tolerance day for payments The customer and vendor transactions to be processed All of the above.
Which of the following statements are correct? If company code A is making payments on behalf of another company code B, then B is the Sending company code If a company code is not specified, the system automatically regards the sending company as the paying company code. The paying company code is the company code that is reponsible for processing the outgoing payments. The paying company code records the Bank Positions (A). The sending company code records the subledger postings (B) Both the paying company code and sending company code balance by automatically generating cross company postings.
The paying company code and the company code to which payment is made must be in the same country and have the same local currency and parallel currencies. True False.
The company codes in a payment run must be in the same country. True False.
Vendor / customer special G/L transactions to be paid specifices which special general ledger transactions can be processed with the payment program. True False.
If activated, Payment Method supplements allow you to print & sort payments. True False.
Create a payment method supplement comprising two characters that can be assigned to customer/vendor master records. True False.
Paying company codes define Minimum amounts for incoming and outgoing payments. Forms for payment advice and EDI Bill of exchange specifications.
Payment method per country define Methods of payment Create a check, bank transfer ,bill of exchange etc Master data requirements Document types for postings Print programs Permitted currencies.
Payment methods have two components: Country-specific setting Company code-specific setting Client specific setting.
You can restrict payment methods to specific currencies. True False.
Payment method for company code define: Minimum and maximum payments amounts Whether payments abroad and foreign currencies are allowed Grouping options Bank optimization Forms for payment media.
The components need to be taken into consideration when selecting the paying house bank: Ranking order Amounts Accounts Expenses/charges Value date.
Define the following for each payment method: Which house bank should be considered for payment first,second,third,etc. Currencies Bill of exchange account None of the above.
Define the following for each combination of house bank and payment method: The offset account to the subledger posting Clearing accounts for bill of exchange Available funds in each bank None of the above.
The value date is used in conjuction with cash management to track the outflow of funds. True False.
Value date = Payment run posting date + days until value date True False.
For incoming payments,the system subtracts the bank charges from the clearing amount. True False.
For outgoing payments,the system adds the bank charges to the clearing amount. True False.
The tolerance days postpone the payment of some due items until the next payment run,while still receiving the appropriate discounts. True False.
User define the minimum amounts for payment and the forms that will be used for each paying company code. True False.
If a particular payment method has certain master record requirements and the address is required,invoices will paid with this payment method without the requirement are meet. True False.
Each paymet program run is identified by two fields. True False.
Run Date : Recommended as the actual date when the program is executed, its main purpose to identify the program run. True False.
The Identification field is used to differentiate between program run that have the same date. True False.
All documents that were entered up to the Docs entered up to date are included in the payment run. True False.
Which of the following statements are correct? Multiple company codes are listed, they have to be separated by commas.Do not enter a space after the commas. If you want to specify a range of company codes, you have to enter the first and last company code in the range in parentheses. The company codes in a payment run must be in the same country. For each country,we defined payment methods that can be used within that particular country.
In the proposal run, the program selects documents and accounts with items that are pending payment. True False.
Once the proposal run is completed the system generates two reports: the payment proposal list the exceptional list None of the above All of the above.
Proposal list a list of business partners with the amounts they have to pay/are due generated based on the specified parameters takes terms of payment and discounts into account None of the above.
Exceptional list : invoices that match the specified payment parameters but for some reason cannot be paid are listed in the exceptional list. The reason are invoice is blocked invalid date in the master record invalid payment method invalid house bank payment amount is less than the minimum amount specified for payment not enough money in the house bank per configuration debit balance.
If users select the additional log, the list shows why the invoice cannot be paid. True False.
There are several ways to configure a payment block. invoice verification process master record AP invoice None of the above.
Users can also specify whether the payment block can be removed when payments are processed. True False.
The payment run uses the data from the payment proposal to: Post the payment documents to the general ledger and clear paid open items Post related postings for taxes, discounts and exchange rate differences Select the payments that can be paid with EDI Supply the print programs with necessary data None of the above.
The payment program automatically posts payments and related postings, such as those for tax, tax adjustments, exchange rate differences or cash discounts. True False.
It is advisabel to use bank subaccounts for posting incoming and outgoing payments.The advantages of using subaccounts are Reconcile the bank account balance at any time with the corresponding G/L account The sub accounts contain all incoming and outgoing payments until the money is actually debited from/credited to the bank account (value date) The item is then transfered from the subaccounts to bank account None of the above.
The bank subaccounts have to be assigned to the payment methods when the bank selection settings are configured. True Fasle.
The value date of the clearing document is calculated by adding the days to value date to the posting date. True False.
For calculating the value date of check (Cheques) payments, "Check cashing Time" can be entered in master data, which is having higher priority over "Days to value date" True False.
A print program is assigned to each payment method for each country whin it is configured. True False.
To run the print programs, the system needs at least one variant for each print program for each permitted and used payment method. True False.
You have to assign payment medium forms either to the sending company code or to each payment method for each company code. False True.
Checks can be printed with predefined check numbers(with check management) or the document number can also be used as the check number (without check management). True False.
The print program: assigns check number to payment documents updates the payment and original invoice documents with the check information prints checks and accompanying documents None of the above.
Checks are managed in batches or lots. True False.
Checks lots are used for both manual and automatic payments. True False.
A payment method can be used only if it entered in the account master record False True.
The exceptional list is a part of the payment proposal. True False.
The payment proposal can be edited, deleted and re-created as often as necessary. True False.
The sequence in which the payment methods are entered in the payment parameters reflects their priority. True False.
Conversion steps for a paymetn method: 1 2 3 4 5 6.
The debit balance check can be carried out after a payment proposal has been created. True False.
The relevant accounts remain blocked even if the payment proposal is then deleted. True False.
Blocked amounts can be released manually. True False.
Debit balance check can be maintained in the vendor line items. True False.
Debit balance check is required if vendor has a debit balance. True False.
The payment program can be sheduled to run periodically using job management or the schedule manager. True False.
Which of the following statements are true? You can use the schedule manager to automate periodically recurring activities. You can start the schedule manager with transaction SCMA or directly from the accounting menu. You can define four different types of task plan: Program with variant, Notes, Transaction and process definition. You can use the schedule manager and program schedulling functions for your payment processes. None of the above.
The payment medium workbench Uniformity Formats can be easily changed without making specifications New formats can be created.
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