bank accounting.doc

8/10/2019 Bank accounting.doc

1/25

Bank Accounting

1Define House Banks

2Make Global Settings for Manual Bank Statement

3Create and Assign Business Transactions

4Define Variants for Manual Bank Statement

5Define Posting Keys and Posting Rules for Check Deposit

6Create and Assign Business Transactions

7Define Variants for Check Deposit

1. Define House Banks

Transaction Code: FI12


2/25

Save


3/25

New Entries

Click on Bank Accounts:

SWIFT - Society for Worldwide Interbank Financial Telecommunications.

IBAN - International Bank Account No (Only for banks in Europe to easily transfer electronic funds or clear funds

easily with 34 characters)


4/25

2. Create Check Number: FCHI

ENTER

Change Button (Shift + F5)

Create Button


5/25

Create Button


6/25

(Do not select Non-sequential as above)

Save.


7/25

3. Process Checks: FCH5

There are two types of payment processing to vendors:

a) Manual Payment Processing

b)Automatic payment processing.

In Manual Payment Processing - We have to create payment document.

Check CreationFCH5 - Manual Checks:

Create Vendor Invoice F-43

Outgoing Payment F-53

So document no. created for outgoing payment is 9011.


8/25

FCH5:

Display Check information: FCHN (Check Register)


9/25

Manual Bank Statement:

In case bank is not able to give an electronic Statement, then the statement can be manually entered in

manual bank statement and uploaded through FF67.

Configuration for Manual Bank Statement:

1. Create GL Master Data for Bank Accounts

200510AXIS Main Bank A/c

200511AXIS Check Issue Bank A/c

200512AXIS Check Deposit Bank A/c

Bank Charges, etc

Accounting Entry:

For checks issued, cleared in bank account,

Axis Check issue Bank A/c Debit

To Axis Main Bank A/c

For checks received, cleared in bank account,

Axis Main Bank A/c Debit

To Axis Check Deposit Bank A/c


10/25

Global Settings for Manual Bank Statement:

1. Create and Assign Business Transactions

IMGFinancial Accounting (New)Bank AccountingBusiness TransactionsPayment

transactionsManual Bank StatementCreate and Assign Business Transactions

+ denotes Positive value, -denotes Negative Value.

Using the transaction, you determine how and to which accounts the system is to post the payment...

Here, we are assigning Transaction+ / -Posting rule.

2. Define Variants for Manual Bank Statement


transactionsManual Bank StatementCreate and Assign Business Transactions


11/25

Double click on variant 1000


12/25

Maximum line width is 82 characters.

Transaction 3 characters, Value date 8 characters, amount 19 characters,

Customer number to start from 35 - 10 characters, ref doc no. to start from 46 -16 characters, so on.

Current fields are existing fields, if required, we can select possible fields.

3. Define Posting Keys and Posting Rules for Check Deposit


transactionsManual Bank StatementDefine Posting Keys and Posting Rules for Check Deposit

Enter Chart of Accounts


13/25

Create Account symbol and enter text., select account symbol, click on assign accounts to account

symbol


14/25


15/25


16/25


IMGFinancial Accounting (New)Bank AccountingBusiness TransactionsCheck

DepositCreate and Assign Business Transactions


IMGFinancial Accounting (New)Bank AccountingBusiness TransactionsCheck Deposit

Define Variants for Check Deposit


17/25

Double click on variant 1000


18/25

Process Manual Bank Statement: FF67

Enter Start Variant & Processing Type.


19/25


20/25

Double click on latest statement number 9999.

If we are updating bank statement for the first time, update below fields manually:

House Bank, Account ID, Statement Number, Statement date, currency, beginning balance, ending

balance.


21/25


22/25


23/25

Save


24/25

Save

Above message showing statement is posted.

Still posting not made to GL account but created a job. So run the job.


25/25

System ServicesBatch inputSession:

Click process

Click process.

bank accounting.doc

Documents