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author's profile photo Former Member
Former Member

posting company code n sending company code

what is the differnce between them?

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 09, 2008 at 09:33 AM

    The posting company code is where the posting will be made, i.e. the Company Code of the open items that are being paid.

    There may not be a house bank for that Company Code, and perhaps a Central House Bank that pays many Company Code. this would then be the sending Company Code. Therefore you could have many Company Codes that are paid out of a single, central Company Code, like a holding Company.

    You would need i/c posting set up for this and to define this in the payment program.

    Hope this helps, award points if this is useful

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