Payment of an agreed amount collected by a principal from a client's account on demand.
On Direct debit may be made with or without prior notice and the amounts may vary. Examples include the payment of utilities, newspaper subscriptions or the regular collection of insurance premiums or loan payments.
That Direct debit is a payment method where the seller collects the invoice amount directly from the buyer's bank account. To be able to use this procedure in SAP Business One, certain requirements must be met.
Prerequisites for use:
- Bank details of the buyer:
- in the Payment system" tab of the business partner master data, the IBAN and the BIC/SWIFT code of the buyer.
- Mandate reference:
- For SEPA direct debits is a Mandate reference is required. This is set in the "Payment system" and is used to uniquely identify the direct debit mandate.
- Payment method:
- A payment method must be defined that uses the direct debit procedure. This contains parameters such as the House bank account of the seller and the SEPA file information.
Important aspects of implementation:
- Invoice due date:
- The invoice, which is paid by direct debit, must be due be.
- payment block:
- The business partner may not payment block as this prevents the automatic creation of direct debits.
- payment assistant:
- Of the payment assistant can be used to create direct debits in a batch. It filters based on the payment method criteria and generates the corresponding direct debit files.
Finance in SAP Business One
The financial system in SAP Business One contains the entries that you are legally obliged to make and enriches them with ...
Payment method