Bank Accounting

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Define House Banks

Make Global Settings for Manual Bank Statement
Create and Assign Business Transactions
Define Variants for Manual Bank Statement
Define Posting Keys and Posting Rules for Check Deposit
Create and Assign Business Transactions
Define Variants for Check Deposit

1. Define House Banks

Transaction Code: FI12

Save

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)

2. Create Check Number: FCHI

ENTER
Change Button (Shift + F5)

Create Button

Create Button

(Do not select Non-sequential as above)

Save.

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 Creation FCH5 - Manual Checks:
Create Vendor Invoice F-43
Outgoing Payment F-53

So document no. created for outgoing payment is 9011.

FCH5:

Display Check information: FCHN (Check Register)

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
200510 AXIS Main Bank A/c
200511 AXIS Check Issue Bank A/c
200512 AXIS 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

Global Settings for Manual Bank Statement:

1. Create and Assign Business Transactions
IMG Financial Accounting (New) Bank Accounting Business Transactions Payment
transactions Manual 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

IMG Financial Accounting (New) Bank Accounting Business Transactions Payment
transactions Manual Bank StatementCreate and Assign Business Transactions

Double click on variant 1000

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

IMG Financial Accounting (New) Bank Accounting Business Transactions Payment
transactions Manual Bank StatementDefine Posting Keys and Posting Rules for Check Deposit

Enter Chart of Accounts

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

4. Create and Assign Business Transactions

IMG Financial Accounting (New) Bank Accounting Business Transactions Check
DepositCreate and Assign Business Transactions

5. Create and Assign Business Transactions

IMG Financial Accounting (New) Bank Accounting Business Transactions Check Deposit
Define Variants for Check Deposit

Double click on variant 1000

Process Manual Bank Statement: FF67

Enter Start Variant & Processing Type.

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.

Save

Save

Above message showing statement is posted.

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

System Services Batch input Session:

Click process

Click process.