This is a service in which the company would be sharing their cash register (The master data for all account transactions) of all written checks with bank. The Bank would verify all the data with respect to specifics like payee, serial number, date, amount etc and would only pay for the checks listed in the cash register. This drastically reduces the check fraud.
How it is implemented in SAP:
This is associated with transaction FCHX with program name as RFCHKE00.
The Title of the program is Check extract creation.
Attached is the functional overview of the program(You can get this from program documentation also).
Short text : Check Extract Creation
Description : This program creates a file of all check information belonging to a paying company code,providing this fulfills the specified selection criteria. The data in the file is sorted according to account number and check number and its format corresponds to the internal format of the DTACHKH and DTACHKP structures.You can generate a log of the created extract using program RFCHKN00. Specify the extract creation date and time.
Requirements: The user must be authorized to display check information in the company code requested.
Output : Here are some examples of the possible selections:
1. Selection of all not yet extracted checks
All not yet extracted checks with the specified currency and house bank are output, provided you enter no further selections. With additional selections however, you can define the output in detail by specifying individual payment methods, amounts and void reason codes.
Note: A check is categorized as not yet extracted (and is selected).
if it-
- is new in the system
- was extracted in a previous run but has since been changed,(voided, for example). In this instance too, the bank must be informed about the new status of the check.
2. Selection of checks in a payment run
By specifying the payment run date and identification, you can limit the number of checks to be selected. The program can also be scheduled as a list via the payment program.
3. List of checks in an extract
If you want to make a further copy of an extract, enter the extract date and time. If an extract is copied, the database is not updated. If none of the three selections is chosen, the output will cover the whole database.
If you enter the initial value "00" in the "Void reason code" field, only valid checks are selected. A so-called positive payment file is created. To select all checks you should delete this entry.
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