SAP Financial Accounting (SAP FI) Practice Exam

Which of the following parameters can be specified when executing a payment run?

1. Payment method

2. Date of next payment run

3. Vendor account number

4. Invoice due date

The correct answer is: Payment method

When executing a payment run in SAP Financial Accounting, one of the crucial parameters that can be specified is the payment method. This parameter determines how the payments will be processed, such as whether payments are made via bank transfer, check, or other means. Selecting the appropriate payment method is vital for ensuring that the payments are handled in accordance with company policies and the preferences of the vendors. Through the payment method, you can also define specific details related to the execution of payments, such as bank details and processing criteria. This allows organizations to streamline their payment processes, making sure that payments are executed in the most efficient and effective way possible. Other parameters, although important in the broader context of payment management, do not directly influence the immediate execution of the payment run. For instance, while the date of the next payment run, vendor account number, and invoice due date may pertain to the overall scheduling and management of payment cycles, they are not essential parameters that are specifically required to initiate a payment run.