Announcement:
wanna exchange links? contact me at sapchatroom@gmail.com.
Posted by
Admin at
Reply from Ron Roberts on Oct 15 at 2:20 PM When you booked the payment out of bank, you had this:
CR Bank
DR ACH
The return item should create a banking entry, as the payment out of the bank did not happen:
DR Bank
CR ACH
That is your missing posting that will provide the item to offset the ACH account debit you post to place the vendor payable back.
| | | ---------------Original Message---------------
From: Sukanthi
Sent: Monday, October 06, 2014 2:14 PM
Subject: ACH Return
We make some ACH payment and when it gets return, the GL103103 doesn't tie with 0 at the end of month instead it builds up, please see the entry below from initially and correct me what, where went wrong.
Invoice Entry
Exp DR
Vendor CR
Payment go out entry becomes like
Vendor DR
ACH CR
I clear the debit amount from FEBA/bank
ACH DR
Bank CR
Now FEBA has a return item, I bring this back to vendor
(40)ACH DR
(35)Vendor CR
Payment go out again
Vendor DR
ACH CR
Clear the debit amount from FEBA
ACH DR (this debit stays open in ACH and every time ACH returns this get builds up, this is the same with wire return as well)
Bank CR
Could you please suggest me how can I get this ACH debit entry offset against:
Please advise one this.
Thank you very much. |
| Reply to this email to post your response. __.____._ |   _.____.__ |
