inter company payments
Posted: Sat Jan 05, 2008 3:33 pm
What is inter company payments in payables and what are the steps we have to take for inter company payments. please do some help.
Prerequisites
Define a bank account with at least one payment document that uses a format defined with the Clearing Payment Method.
Enter an invoice for the transaction, and enter Clearing as the payment method.
1. In the Payments window select Manual in the Type field. Enter the Bank Account.
Enter a payment Document Name that uses the Clearing payment method. Enter the payment Document Number.
If you selected a multi-currency payment document, optionally change the payment Currency.
2. Enter either the Supplier Name or Number, and enter the Supplier Site.
Enter the payment Amount.
3. If necessary, enter or adjust other information:
If you are generating a payment document and you need to change the address, and your Allow Payment Address Change Payables option is enabled, adjust the address.
If you record voucher numbers either manually or using Sequential Numbering, enter or review voucher information.
If the payment currency is different from your functional currency, enter exchange rate information. For more information.
4. Choose Enter/Adjust Invoices to navigate to the Select Invoices window. Select the invoices you want to pay. The sum of the invoices must equal the payment Amount you entered. Optionally choose Invoice Overview to see detailed information about an invoice.
5. Save your work. Payables records your payment and updates the invoice(s) as paid