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Reply from Nikki Klein on Aug 14 at 4:24 PM Hi Rahul
You usually upload either a manual bank statement (ie you receive the paper copy of the bank statement and use FF67 to enter the data) or you upload an actual electronic file received from the bank using FF_5.
Both require a fair amount of configuration to be present in the system
SAP does not care how often you receive and post the bank statement but it does prevent you from trying to upload / enter the same one twice.
Nikki
| | | ---------------Original Message---------------
From: Rahul Narayanan
Sent: Tuesday, August 14, 2012 2:28 AM
Subject: How Bank Payments and Receipts Affect the System
Hi in local accounting softwares for expenses and incomes through bank we used to credit and debit bank a/c respectively (Eg: Exp a/c DR Bank a/c CR ). In the month end (some times even after 6 months) we will collect a hard copy of the bank statement and reconcile the differences with our books, like check deposited but not cleared, interest not accounted etc.
Kindly let me know the process in SAP. How is bank transactions affecting our books. Are we uploading some electronic statement daily so that the debits and credits will go to the respective accounts? In that case is there need for further reconciliation as the books will be same as the statement? Kindly explain me briefly electronic bank reconciliation also..Is it done monthly?
Kindly give me a brief idea of the above. |
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