Scribd Logo
Upload

Welcome to Scribd!

  • 100 views

    Bank Reconciliation Complete Process

    Uploaded by

    pmenocha8799
    1. The document outlines the process for manual bank reconciliation in SAP, including defining bank accounts, posting rules, and transactions for incoming and outgoing payments. 2. Key steps include creating account symbols, assigning accounts, defining posting rules, and posting customer invoices and payments to the appropriate accounts. 3. Running the manual bank reconciliation transaction compares the ending bank statement balance to the main bank account balance, reconciling the accounts if they match.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd

    Bank Reconciliation Complete Process

    Uploaded by

    pmenocha8799
    100 views9 pages
    1. The document outlines the process for manual bank reconciliation in SAP, including defining bank accounts, posting rules, and transactions for incoming and outgoing payments. 2. Key steps include creating account symbols, assigning accounts, defining posting rules, and posting customer invoices and payments to the appropriate accounts. 3. Running the manual bank reconciliation transaction compares the ending bank statement balance to the main bank account balance, reconciling the accounts if they match.

    Original Description:

    Bank Reco Process

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    DOC, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    1. The document outlines the process for manual bank reconciliation in SAP, including defining bank accounts, posting rules, and transactions for incoming and outgoing payments. 2. Key steps include creating account symbols, assigning accounts, defining posting rules, and posting customer invoices and payments to the appropriate accounts. 3. Running the manual bank reconciliation transaction compares the ending bank statement balance to the main bank account balance, reconciling the accounts if they match.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    100 views9 pages

    Bank Reconciliation Complete Process

    Uploaded by

    pmenocha8799
    1. The document outlines the process for manual bank reconciliation in SAP, including defining bank accounts, posting rules, and transactions for incoming and outgoing payments. 2. Key steps include creating account symbols, assigning accounts, defining posting rules, and posting customer invoices and payments to the appropriate accounts. 3. Running the manual bank reconciliation transaction compares the ending bank statement balance to the main bank account balance, reconciling the accounts if they match.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 9

    Manual Bank Reconciliation- Process We have configured Manual bank reconciliation process for ICICI, Vapi.

    Details of ICICI, Vapi account Particular Company code !ouse "ank $ccount ID Description "ank $ccount number Main -. $ccount "ank Country "ank 0ey "ank /ame Value 1 ICI#1 C$#11 ICICI Vapi C$%#&' #&' (()*+,1 #+#1 1 I/ ,( ##( +, 1 ICICI, Vapi

    (()*+,1

    1ollo2ing "ank -. $ccounts are used for ICICI, Vapi #+#1 1 3 ICICI,Vapi,C$%*+,1 M$I/ bank account #+#1 111 3 ICICI,Vapi,C$%*+,13clearing3Che4ue payment #+#1 1#, 3 ICICI,Vapi,C$%*+,13clearing3Che4ue received +& 1 1 3 "ank charges Configuration steps for Manual bank 5tatement 5tep 16 -o to 5789 IM- 7$:! 1inancial accounting 3; bank accounting 3; business transactions 3; payment transactions 3; manual bank statement 3; create and assign business transactions 1ollo2ing screen appears

    Click on /e2 entries

    1ill the follo2ing Create transaction type

    5tep # 6 Define 7osting 0eys and 7osting 8ules for Manual "ank 5tatement Create account symbol

    $ssign account to account symbol

    Create keys for posting rules

    Define posting rules

    7osting rule screen for "111

    7osting rule for "1#,

    7osting rule for "+&

    /o2 2e have configured Manual "ank 8econciliation process therefore any incoming < outgoing $mount post to the respective -. $ccount. $nd 2hen 2e 2ill reconcile the "ank then system automatically transfer all incoming and outgoing bank account amount to the Main "ank -. $ccount. Following are the step to follow for Manual Bank Reconciliation

    Step 1 - Post incoming and outgoing invoice to the particular month

    Customer Invoice We can use transaction 1"& < V1 1 ."ut for e=ample purpose 2e are using 1"&

    >nter follo2ing parameters Customer 8eference Invoice date 7osting date $mount -. $ccount $mount in doc currency 7rofit center

    7ost incoming payment

    Incoming check amount posted in this GL Account

    Post out going payment

    Outgoing payment amount posted on this GL Account Now you run the transaction FF67 for Manual ank !econciliation ank "ey # In this field$ you specify the %ank key under which %ank data from the respecti&e country is stored' ank Account # (his field contain the num%er under which the account is managed at the %ank' )urrency * IN! +tatement Num%er * for e,ample -. +tatement /ate * (his date descri%es the &alidity of the ank statement data' (he %ank statement itself can contain data for more than one day' (he statement date indicates only when the %ank generated the statement' For e,ample -.'-'0.-0 Opening alance * ank +tatement eginning alance For e,ample . )losing alance * ank +tatement 1nding alance 2Note * For e,ample here we deposit check of -3.. 4+/ and 5aid check for rs' 6.. and directly put -.. as %ank charges$ so ending %alance for %ank statement is 6.. ank 5osting session * +ession name of %ank posting 2 %atch input7

    7ress enter

    8s. 1 2e have put as bank charges

    Click on save
    /o2 run transaction 5M,* for "atch input session

    :o check the manual bank reconciliation result process ? /o2 you run the transaction
    1".,/ for -. $ccount #+#1 1 ? Main bank -. $ccount /o2 here your bank statement ending balance matched 2ith this -. account #+#1 1 .If the balance is matched then your reconcile is done.

    !ere you see that your bank statement balance matched this bank -. for bank $ccount :hen you also again run 1".,/ transaction for incoming < outgoing bank -. account for ICICI, Vapi "ank !ere you sa2 that "alance for theses -. $ccount is @ero after reconciliation 1or -. #+#1 111 Che4ue payment

    1or -. #+#1 1#, Che4ue 8eceived

    You might also like