Payables and Cash Management - EBS (MOSC)

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Paying invoices by Direct Debit in 11i

edited Sep 8, 2010 4:57AM in Payables and Cash Management - EBS (MOSC) 1 commentAnswered
 Hi all,
I'd be interested to hear how people have configured Payables 11i to record the payment of invoices by Direct Debit - particularly with regard to processing exceptions.

My client has a small number of DD agreements to settle various overheads. My current thinking is to create a "Direct Debit" payment document against the bank account and, when the invoice arrives, they enter the invoice into AP and "Pay in Full" from the Invoice Workbench. They then select the "Direct Debit" payment document and enter the expected settlement date as the payment date.

They will then reconcile the DD line on their bank statement to this payment at a later date once settled.

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