Operate Payment Log For Free

The full cycle of the accounts payable process includes receiving the purchase order (PO) from the purchase department, receiving the invoice from the vendor, matching/validating the PO and the invoice, approval final payment to the vendor. These steps are essential to avoid errors and fraud in expenditure.

A payment run evaluates an invoice for a set of values. If the invoice matches these criteria, the run includes the payment for payment processing. When a payment run finishes selecting invoices, it begins processing each invoice for payment. The payment evaluation process consists of several steps.

The Payment logs enable you to monitor the status of each transaction made by the app users through the pre-configured payment gateway(s). The Payment logs contain the following information: Log ID ? Unique ID of a log.

This topic gives a general overview of the precautions and processing steps that need to be taken to execute a payment run. Planning and Parameter Specifications. ... Creating the Payment Proposal. ... Editing the Payment Proposal. ... Executing the Payment Run and Payment Medium Programs.

Merchants send batches of authorized transactions to their payment processor. The payment processor passes transaction details to the card associations that communicate the appropriate debits with the issuing banks in their network. The issuing bank charges the cardholder's account for the amount of the transactions.

There are six main stages in SAP payment run process which are: Maintain parameters. Start proposal run. Debit balance check. Edit proposal run. Start payment run. Schedule print.

How it Works Step 1: Customers place an order on your website or app. ... Step 2: You create an order from your server. ... Step 3: Pass Order ID to checkout and collect payment details. ... Step 4: Bank authenticates the payment. ... Step 5: Capture the payment. ... Step 6: Razorpay settles the amount.