Bank Charges - Outgoing Payment

Hi All,
Customer want to post an entry in outgoing payment, which is not a cheque but he wants to take Demand Draft. Hence he has to add bank charges in the outgoing payment along with normal outstanding amount.
Vendor outstanding is Rs. 10,000
Bank Charges is Rs. 250
total cheque to be issued is for Rs.10250/- by debiting Rs.250/- to bank charges GL account.
Can any one extend help on this.
Regards
N.Narayana Swamy

HI
Kindly follow the following procedure for the Demand draft.
Create a demand draft account in current asset.
Pass outgoing payment entry to demand draft account, it should be
Demand draft A/c. Dr 10000
Bank charges A/c. Dr 250
To, Bank a/c. Cr. 10250
while priniting of this cheque through checks for payment in pay to field you can write "Yourself Account" which is requre by bank on cheques while applying for Demand draft or pay order.
then pass one more outgoing payment entry to vendor
and in that entry in payment means instead of bank account select demand draft account.
This is the best accounting practice.
Regards
Kamlesh Vagal

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Displaying G/L account name when doing a Bank transfer Outgoing payment

Hi all,
When designing a print layout for outgoing payments, using bank transfer, the G/L accout name is not being displayed. The G/L account code(trfsAmt) can be retrieved from OVPM(outgoing payment table) but is displace in '_sys000' format. The normal step here would be to link a database field from OACT(G/L account table) and select the 'account name' field.
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Any help on this would be greatly appreciated
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Edited by: Rui Pereira on Jul 8, 2008 6:00 PM

Hi Christian
Hope all is well in Mauritius. Suda's suggestion will only work for payments direct to a General Ledger Account. For Vendor or Customer payments the VPM4 table is not used. The other problem is that both the CashAcc and TrfAcc are automatically populated in the OVPM table based on defaults (if they exist). In order to determine which G/L account name to use you will also need to look at the payment method of the payment.
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Let me know if this resolves the issue.
Kind regards
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How to insert Bank Charges when processing Outgoing Payment.

Dear Experts,
I will like to perform an Outgoing Payment to accounts, using payment means of Bank Transfer to pay for an AP Invoice that I have not received.
Can anyone advice me if or how I can include the Bank Charges value when posting this Outgoing Payment voucuher?
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Hi Chin,
Check the thread
Bank Charges - Outgoing Payment
Re: Payment to Vendor against AP Invoice & Bank charges
Bank Charges
*Close the thread if issue solved.
Regards
Jambulingam.P
Edited by: Jambulingam P on Jul 7, 2009 12:06 PM

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Hi Chin,
Check the thread
Bank Charges - Outgoing Payment
Re: Payment to Vendor against AP Invoice & Bank charges
Bank Charges
*Close the thread if issue solved.
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Edited by: Jambulingam P on Jul 7, 2009 12:06 PM

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[Business One in Action - How can we post bank fees and charges while posting Incoming or Outgoing Payment transactions?|http://www.sdn.sap.com/irj/scn/index?rid=/library/uuid/b08e828f-f2d0-2c10-41b1-dbb0b9943ee8]
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Hi ,
Try this work around for bank charges involved while making payments.
Example
Amount due to supplier-10000
Bank charges - 100
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1)Go to outgoing payment screen/type the vendor and select the invoice of 10000.
2)Go to payment means and against bank column enter 10100
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you might find SAP Note [1324641|https://service.sap.com/sap/support/notes/1324641] helpful.
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[How to record the bank fee from the bank statement when working with Bank Statement Processing (BSP)? |https://wiki.sdn.sap.com/wiki/pages/viewpage.action?pageId=96403651]
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Bank Charges - Outgoing Payment

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