SAP Financial Accounting (SAP FI) Practice Exam

How does the payment run resolve multiple payment methods defined for a vendor/customer?

1. It defaults to the most recent method

2. The payment run sets the priority

3. It randomly selects a method

4. It requires manual selection each time

The correct answer is: The payment run sets the priority

The payment run in SAP Financial Accounting is designed to streamline and automate the payment process. When multiple payment methods are defined for a vendor or customer, the system utilizes a prioritization mechanism to determine which method to apply. This prioritization is established based on the settings in the vendor or customer master record, where the payment methods are assigned. The system will look at these settings during the payment run and select the method that has been given the highest priority or preference, which ensures consistency and adherence to the predefined payment strategy of the organization. By using this priority setting, SAP allows companies to efficiently manage payment processing and avoid the inefficiencies that could arise from random selection or requiring manual intervention for each transaction. This helps in maintaining smooth financial operations and reduces the risk of errors that could occur with other approaches.