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Dokumentation

RFCCSSTT_NACC - Payment Cards: Execute Settlement

Description

You can use this program to settle and transfer payment card accounting data to a payment card company (or a service provider that works with the company). The service provider is referred to below as a SERVICECOMPANY.

In Financial Accounting a G/L account is set up for each SERVICECOMPANY. The open items arising from sales with the relevant payment card are posted to this account.

This program selects the open items in such an account in a specified company code. The selection may be further restricted by entering any of the following criteria:

• Last digits of document number

• Payment card company

• Merchant ID

• Location

It then creates packages (batches) per company code, G/L account and transaction currency.

A unique batch number is assigned to each package.

For each package, the system:

• Creates a settlement document that clears the open items, and creates items in a cash clearing account.

• Starts the transfer of the relevant items to the SERVICECOMPANY.

Requirements

You must create G/L accounts for every SERVICECOMPANY.

Output

The following information is printed:

• The number of the posted settlement document.

• The document numbers of the cleared items (if you selected the parameter "Detail log").

• Status information for transferring the package to the SERVICECOMPANY.

Example

Three invoices sent to different customers and all paid using the same credit card (ABCD) lead to three line items on account 113181:

Cash receipt document 6915:
40 Cash account 680 USD
40 Charges 20 USD
50 ABCD account 113181 700 USD

The account balance is then as follows: