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SEPA Transfers with further credit information.

Hello All,

We have some vendors, that don't maintain Bank Account, instead they have investment account with Investment trading account like "Fidelity".

They provide us the Barclay's Bank account number of "Fidelity" to which we need to transfer the payments, and also need to send instructions for forwarding the payments into the investment account (not a bank account).

Can anyone please suggest how this can be achieved?

Thanks in advance

Krishna

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  • author's profile photo Former Member
    Former Member
    Posted on Jun 25, 2015 at 10:04 AM

    Hi Krishna,

    We have the same case here in some vendors. What we do is to create a new vendor code, in which we specify all details using fields like name, address, city, etc. Then we assign the new vendor code as alternative payee" in the original vendor master data.

    Example:

    1.- You have vendor 1000 in which you post the invoice.

    2.- You create vendor code A1000 in which you use field name, address, city, etc with relevant information for payment like: For Further Credit TO: XXXXXXX, Account XXXXXX, etc.

    3.- In transaction FK02 you set vendor code A1000 as alternative payee (payment transactions accounting screen).

    Then in the payment run you will post the payment to vendor 1000, but using all payment details from A1000

    Please consider assigning a different Account Group for this kind of Alternative Suppliers, just filling the relevant screens.

    Hope that helps.

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    • Former Member Krishna B

      Hello Krishna:

      I'm dealing right now with the FFC scenario, but I'm implementing the PEXR2003 (PAYEXT) IDOC for EDI exchange.

      Where do you storage your FFC information? I have regular vendors with their regular bank accounts but I haven't found a place in SAP to store the FFC information.

      Thank you!

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