Payment method for RTGS/NEFT and their payment

[Former Member]

Dear Expert,

We have to create new payment method for REFT/NEFT payment so what payment method classification should we used and how we will process the manual payment with this payment method?

Regards

Shishir

[Former Member]

How can we update the payment method of NEFT/RTGS in manual payment ?

[former_member211635]

Hi Shishir,

Please use G for RTGS and N for NEFT, screenshot as shown below

for manual payments, use tcode f-53

With regards

Nishu

[Former Member]

Dear Nishu,

I am asking which payment method classification do i need to use for creation of the payment method for NEFT/RTGS.

[Former Member]

hi, what is a payment method Classification? above screen shots gives you general settings.

[suma_mani]

Hi Shishir,

Payment method classification always depends upon the Banker's requirement ,if you are using E payment system. Like N called as NEFT and R called as RTGS for HSBC bank ,it may vary bank to bank. For manual payment ,you may use depends upon the payment type like check payments use C and if it is Demand draft use D like that. If you are not using E payment through SAP ,you can give payment method coding as business required to tracking payments either NEFT or RTGS or Check.

Regards

Mani

[former_member211635]

Hi,

Payment method classification shall be 'Bank Tranf'

Thank You

Nishu

[Former Member]

But when i use bank transfer while creating the payment method and do the payment in f-58 with this payment method, then the error is coming "Enter payment method with which checks are created'.

Please suggest.

[former_member211635]

Hi Shishir,

f-58 is only for Check Payment, hence use F110 or f-53 for payment. Once you simulate please double click on vendor line items to enter payment method. Please ensure that the field status allows to enter payment method

Use FBE1 to create payment advice

Let me know if you are getting any other error

Thank You

Nishu

[Former Member]

In F-53, when i did payment and on dbl clk of vendor line, the payment method is in disable mode and thus we cannot enter the payment method.

from where should i allow for field status?

[former_member211635]

Hi,

Apologies, we have created custom field for our reference

However, in order to specify payment method please proceed with FCH5 with reference to the document number which you have created from f-53

Thank You

Nishu

[Former Member]

But FCH5 is for check payment and I am talking about the NEFT and RTGS

[former_member211635]

Hi,

Please use FBZ5 post f-53

Thank You

Nishu

[Former Member]

Many times I have told that I am using for NEFT/RTGS, not for check payment, FBZ5 is for cheque transaction.

[narasimhulu_konnipati]

Hello Shishir,

The payment method can be entered at the time of advance payment through F-47 / F-48 or at Invoice posting level. So that the payment level transaction doesn't need payment method to be entered as you are talking on F-53 T-code.

Scenario 1: You can enter the payment method at Advance payment level and make the payment through F-48 / F110.

Scenario 2: You can enter the payment method at the time of invoice posting. Based on this, system will make the payment when you run F110.

Thanks,

NSK

[Former Member]

Dear NSK,

We don;t do the Advance payment for every transaction so F-47 cannot be used.

And we are not using auto payment process, our business is running on manual payment. We cannot use F110.

Kindlly suggest.

[Former Member]

hi Shishir,

Requirement is not completely clear. there is no difference at payment method level for F110 or manual payments. if that is what you are asking?

Please break your questions part by part.

thnx.

[Former Member]

I mean to ask that which payment method classification do i need to use for creation of the payment method for NEFT/RTGS.