Creating a payment run in SAP is a standard process for automating vendor payments. Based on the provided reference, the steps involve navigating through the system's interface to initiate the payment process.
To create a new payment run, you follow a specific navigation path within the system.
Steps to Create a Payment Run
Here are the steps to create a new payment run in SAP, as outlined in the reference:
- Navigate to the Payables work center.
- Choose the Payment Runs subview.
- This subview is located within the Periodic Tasks view.
- Select New.
- Choose Payment Run.
Following these steps initiates the process to set up and execute an automated payment run in your SAP system for your payables.
What is a Payment Run?
A payment run is an automated process within SAP (and other financial systems) used to identify outstanding vendor invoices that are due, calculate the payment amount, and generate the necessary payment documents (like bank files, checks, etc.) based on predefined criteria. It streamlines the accounts payable process by handling multiple payments efficiently.
Creating a payment run is typically the first step, followed by configuring parameters (like company code, payment methods, next payment date, vendor selection, etc.) and then executing the run. The system then proposes payments, which can be reviewed before final processing.
