Promise to Pay

A customer informs, that he will pay an outstanding receivable within a specified timeframe. This information is stored in the system in the form of a promise to pay.

Creation of Promise to Pay(P2P)

Go to the transaction FP2P1 and enter the BP. Click on ‘Create Promise’ button to create new Promise.

The agent enters the following parameters for the new promise to pay:

• Reason

• Category

• Start date

• Correspondence creation

After entering this data, the agent can simulate creation of the promise to pay.

Valuation of P2P via TCODE - FP2P3 and FP2P

Configuration

To configure the Promise to pay, go to the transaction FICAIMG and navigate to the below highlighted node.

Define Categories: Provide Category and Name.

Payment Dates (Monthly, Every 2 Months, ...): Time interval between two sequential instalments.

Number of Payment Dates: Number of payment dates for the promise to pay. The value specified here is used to calculate the amount and due date of the instalments.

Define Reasons for Creation:

Create new reason and save the process.

Define specifications for creation:

In this activity you define the specifications for the standard entry and the fast entry (CRM) of promises to pay.

Select Use from the list and select Category and the reason.