Direct Debit Payment Processing

• The Select Invoices for Direct Debit (tfcmg4220m000) session is used to select invoices to be paid by the direct debit procedure.
• Open items are selected based on the defined criteria, provided that they are not blocked.
• To access this session, navigate to Financials > Cash Management > Direct Debits > Select Invoices for Direct Debit.
• On the Select tab, specify a default ID in the Direct Debit Process Default ID field if the payment run shall be processed without interruption.
• The Direct Debit Advice (tfcmg4609m000) session is used to maintain the list of selected open entries. You can remove selected invoices, pay invoices by installments, and modify direct debit lines.
• If you want to change the direct debit lines, select the advice record and delete the line, and click the New button to add a new line to the batch. Adding a new direct debit advice or modifying an existing one will start the Direct Debit Advice Lines (tfcmg4101m000) session.
• The final step in the payment procedure is to compose direct debits for due purchase invoices by supplier and currency.
• The composing of direct debit batches is based on the data defined in the master data.
• If anticipated receipts were applied in the payment procedure, and the received amounts were posted to the account, you will have to reconcile the anticipated receipts.
• The Reconciliation of Anticipated Receipts (tfcmg2102s000) session displays the anticipated receipt documents by bank relation.
• The Reconciliation of Receipts (tfcmg2103s000) session opens if you double-click an anticipated receipt.
• The following options are available in the Payment Document Status field: Open, Complete, and Rejected.
• Click the Reconcile button to confirm the new status.

Test your knowledge about the process of selecting, maintaining, and reconciling invoices for direct debit payments in the financial system.