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Hi Sophie,
you can use F110 for incoming payments if you have a direct debit
authority from your customer to take the money from his bank account
without further authority being necessary. This is common in the UK
for example. You set up a payment method for DDR and use it to create
a DME file (or an iDoc) which is sent to your bank and your bank then
collects from the customers' banks. In practice this works very well.
F110 can also be used for Bills of Exchange in some countries such as
France or in Italy for "Ricevuta Bancaria", a form of electronic BoE
which functions very much like a direct debit. There is not room here
to go into all the detail.
Regards, Roy
Roy Brookes AFA, FInstBA,
Senior SAP??? Financials Consultant
Tel: +49 171 268 9635 (mobile)
Tel: +49 40 793 19642 (landline)
email@removed
email@removed
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www.RoyBrookes.com
Director, Software Partner Solutions limited
www.Software-Partner-Solutions.com
www.linkedin.com/in/roybrookes
SAP??? Expert Index Registration: CRF **42819*
Sophie via sap-acct wrote:
>
>
> hi experts,
>
> F110 can process both outgoing payment and incoming payment, does this function maks sense for incoming payment? I don't really understand.
> I mean, if we don't use F110, normally we will clear the AR when we got the confirmation from the the bank, that means when we actually received the money then we clear the AR.
> But if use F110 to process incoming payement, the system will clear the AR based on the due date, if the due date is reached, the system will clear the AR in spite of if the money actually receiver or not?
> I'm not sure if I'm right or not, pls. feel free to correct me.
>
> many thanks!
> best regards
> Sophie
>
>
>
>
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