How to Create a New Payment Method

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Step 1: Access the Customization Menu

  1. Go to Transaction Code: Use transaction SPRO to access the SAP Customizing Implementation Guide.
  2. Path: From the SAP Easy Access screen, follow this path:
    • SAP Customizing Implementation Guide
    • Financial Accounting
    • Accounts Receivable and Accounts Payable
    • Business Transactions
    • Outgoing Payments
    • Payment Methods in Country
    • Define Payment Methods for Country

Step 2: Define Payment Methods for the Country

  1. Enter the Country Code: Input the country code where you want to create the payment method.
  2. Click on New Entries: This will allow you to create a new payment method.

Step 3: Configure Payment Method

  1. Payment Method Key: Define a unique key for the payment method (e.g., ‘T’ for a new transfer method).
  2. Description: Provide a short description (e.g., “Bank Transfer via New Method”).
  3. Select Payment Method Options:
    • Outgoing or Incoming Payment: Choose the relevant option.
    • Payment Medium: Select the relevant medium, like DME (Data Medium Exchange) if required.
    • Allowed for Payment Order: Check this if you want the method to work for payment orders.
    • Document Type: Assign a document type like “KZ” for vendor payments.

Step 4: Payment Method per Company Code

Now, you need to define the payment method for your specific company code.

  1. Go back to the SPRO menu.
  2. Follow this path:
    • Financial Accounting
    • Accounts Receivable and Accounts Payable
    • Business Transactions
    • Outgoing Payments
    • Payment Methods
    • Define Payment Methods per Company Code

Step 5: Assign Payment Method to Company Code

  1. Select your Company Code: Choose the company code where this payment method will be applied.
  2. Assign Payment Method:
    • Minimum Amount/Maximum Amount: Define the amount range (optional).
    • Required Fields: Set parameters like bank details or check information based on the method’s nature.

Step 6: Set Up Bank Determination

To ensure proper bank integration for the new payment method:

  1. Go to Bank Determination:
    • Path: Financial Accounting → Accounts Payable → Bank Determination
  2. Choose Payment Method: Select your newly created method.
  3. Set Up Bank Ranking: Assign banks and ranking orders for payments.
  4. Assign Bank Accounts: Link the appropriate bank accounts for transactions under this method.

Step 7: Test and Activate Payment Method

  1. Run a Payment Run (F110):
    • Use transaction F110 to create a payment run and test your new payment method.
    • Verify if the payment method works as expected in live scenarios.
  2. Monitor Payments:
    • Ensure the payments are processed accurately according to the new method, and reports are generated.

Summary of Important T-Codes:

  • SPRO: Customization and Configuration
  • F110: Automatic Payment Program for Testing
  • FBZP: Bank Determination and Payment Method Settings

Let me know if you need further clarification or additional details!

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