Vendor Payments

[Arthur Wang]

Question:

Briefly tell me about outline ‘Vendor Payments’ in the SAP System.

Answer:

The payments to single or multiple vendors can either be handled in a manual process or through an ‘Automatic Payment Program.’ The open liability item created for the vendor during the invoice verification will be squared off when you make the vendor payment or when you run the automatic payment program. The payment program in SAP is designed to allow you to enjoy the maximum discount allowed by that vendor.

[Author]

Posts