posting company code n sending company code

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.

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