In APP, What is difference between Sending co.code & Paying co.code?

[Former Member]

Hi friends,

In APP, What is difference between Sending co.code & Paying co.code?

Regards,

Chandra.

[Former Member]

Hi Chandra,

Consider the following example:

Suppose there are two company codes, A & B. Lets Say comapny Code A makes purchase from vendor X. Vendor X sends invoice to Company A. But Company code makes payemnt to Vendor X. In this case the company code (A)which receives the invoice is sending comapny code and teh company code which makes payemnt on behalf of the other company code (B) is teh paying company code

Hope it clears your doubt

Pratiksha

[joshua_utazi]

great explanation

[Former Member]

Hi,

Generally it is used for cross company code transactions, we can specify sending com.code and paying com.code for each com.code.

If a item is outstanding in the com.code A, and that outstanding amount is paid by com.code B

Then we define Com.code A as Paying com. code and Com.code B as sending com.code.

Thanks & Regards

Sunitha.

[Former Member]

Hi

Thanks for your simple answer. One more question is what is diff:b/w:Payment advice & Payment media?

Regards,

Ravi.

[Former Member]

Hi Chandra,

A payment advice is a sort of advice you send to your customer saying how much due it has with you.

A payemnt media is used to settle the open items. The payment method determines how payments are to be made, e.g. by check, bank transfer or bill of exchange.

Regards

Pratiksha

[Former Member]

Hi Pratiksha,

Thanks for the reply.

regards,

Chandra.