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Direct Debit

Hi - we are planning on using Direct Debit functionality for Customer Orders/Receivables (USA - using ECC6.0). I need some basic infomration about this process. My understanding is that the Payment Program is used to generate the ACH file to the bank (transaction F110). Configuration is done using FBZP.

1. When configuring the Payment Method - I assume that since this is a customer payment we I configure this as an incoming payment? If so what would be the Payment Method Classification?

2. If using the classign payment medium the program would be RFFOUS_T?

3. How are the clearing entries posted to the customer? Do the actual payments come through the Lockbox? If not what is the normal mechanism for clearning of the receivables or of handling the exceptions?

Any help or explanation of the process is appreciated. I do not have a finance background!


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1 Answer

  • Best Answer
    Aug 10, 2009 at 04:57 PM

    1. Incoming Payment, Bank Transfer

    2. RFFOUS_T

    3. You post the customer invoice in your system. Next with F110 you generate a customer payment (you need to have a customer authorization to apply Direct Debit to the customer account). F110 posting closing your open item. The file is generated and sent to the bank for processing. With a bank statement file received you can clear the technical account for Incoming Payments.

    1.1: Customer invoice registered:

    DR Customer (Accounts receivables)

    CR Revenue

    1.2: F110 run posted:

    DR Bank Incoming Payments

    CR Customer (open item got closed)

    1.3: Bank statement processed:

    DR Bank Account

    CR Bank incoming Payments (reconciliation process with 1.2)

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