How to use FQP1 - Define Payment Methods

FQP1 - Overview

• Transaction Code: FQP1

  Description: Define Payment Methods

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: FKKB

    Package Description: Contract A/R & A/P: Central Objects

    Parent Package: FI-CA

  • Module/Component: FI-CA

    Description: Contract Accounts Receivable and Payable

FQP1 - Details

• SAP Tcode: FQP1 - Define Payment Methods

  
  Overview:
  The SAP transaction code FQP1 is used to define payment methods in the SAP system. This transaction code is used to set up payment methods for customers, vendors, and other business partners. It allows users to define the payment terms, payment methods, and other related information for each partner. 
  
  Functionality: 
  The FQP1 transaction code allows users to define payment methods for customers, vendors, and other business partners. It enables users to set up payment terms, payment methods, and other related information for each partner. This transaction code also allows users to define the payment terms for each partner, such as the due date, discount percentage, and payment method. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code FQP1 in the command field. 
  2. Select the “Define Payment Methods” option from the menu. 
  3. Enter the customer or vendor number in the “Partner Number” field. 
  4. Select the appropriate payment method from the drop-down list. 
  5. Enter the due date and discount percentage in the corresponding fields. 
  6. Click “Save” to save your changes. 
  7. Click “Back” to return to the main menu. 
  
  Other Recommendations: 
  It is recommended that users review all of their payment methods regularly to ensure that they are up-to-date and accurate. Additionally, users should be aware of any changes in their business partners’ payment terms or methods so that they can update