SAP Financial Accounting (SAP FI) Practice Exam

What are the three locations where a vendor payment can be blocked?

1. Payment program, vendor master record, and customer invoice

2. Vendor master record, invoice creation, and banking setup

3. Payment program, vendor master record, and invoice creation

4. Payment methods, vendor master record, and payment terms

The correct answer is: Payment program, vendor master record, and invoice creation

The correct choice identifies the three key locations where a vendor payment can be blocked: the payment program, vendor master record, and invoice creation. In the payment program, settings can be configured to manage payments effectively and apply specific blocking criteria, such as editing payment runs or defining which payments should be processed. This aspect of controlling vendor payments is crucial for organizations to ensure accurate cash flow management and compliance with payment policies. The vendor master record contains essential information about the vendor, including payment terms and details that can influence payment processes. This record can include flags or indicators to block payments either generally or under specific conditions based on credit status or other factors. Invoice creation also plays a significant role in the blocking of payments. During this stage, any discrepancies or issues found—such as mismatches with purchase orders or missing approvals—can lead to the blocking of the payment for that particular invoice until the issues are resolved. Understanding these three locations is fundamental for managing vendor payments effectively in SAP FI, as any of these areas can impose restrictions that prevent payments from being processed.