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Reply from connie_durham on Aug 20 at 11:53 AM Hi Ramesh,
If you are posting the data manually, then to see the clearings entered you should be able to run FCHN. Enter your company code, house bank and account id. On the screen under general selections tab, key in the check numbers that you want to see clearing date for.
Execute, and a list will be presented. you can use the change layout icon to be certain that the encahment date is displayed on your report.
Connie
| | | ---------------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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