Bank Statement reconciliation

Hi friends,
My client went live 1 month ago.
House bank provides bankstatement every month, but the checks received through lockbox, for lockbox they are providing only total deposits made on certain dates.
Our problem is how do we reconcile the bank statement? client do not want to do manual bank recon.
we decided to make entries into system through upload program. Now what should be the steps after we enter upload entried for bank statement in the system.
Do I need to mark all the checks as a cashed? once I mark the check as cashed does it automatically clears the check? or do i need to clear the checks manually?
what is the process flow of manual bank reconcilliation?
Please help me , its urgent!
Message was edited by:
Shefford William

Nandini we are doing neither of those processes , as we havent setup any of them yet.
As I mentioned earlier, Bank is not able to provide check wise data for the lockbox and client is not ready for manual entries.
we have journal entry upload program which we decided to use. and then to clear the bank accounts and then cashed checks.
Is it how it should go?

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Hi,
What is the application release?
Please see if these docs help.
Cexinerr AutoReconciliation Execution Report Has Incorrect Statement Exceptions When Sweep Lines [ID 759165.1]
CEXINERR Errors With Invalid Control Totals When Importing A Statement [ID 177719.1]
Cash Management Overview [ID 96630.1]
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BANK STATEMENT RECONCILIATION INTERFACE

Hi,
I have a requirement to work on 'BANK STATEMENT RECONCILIATION' interface. These are used to reconcile the AP and AR activity through Cash Management module in Oracle Applications.
I am very new to this, could you anyone guide me how to proceed.
1.I am getting bank statements in BIA2 and SWIFT940 format. Could anyone tell me what is the difference between these two types.
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Yes there is a standard oracle concurrent program available,
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Hi,
Go to t-code: SE38 and give Program name RFEBKA00 and select Variant radio button andd display and type the Variant name and necessary fields and click create button and save.
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Please refer the below documentation:
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Please check these threads first:
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Hi Josephine Noah ,
Try this .... May it will help you...
Steps to Reconciliation Bank Statement
1) Select Review & Install Bank Statement Processing form to detail in business.
2) Fill the informaion bank on the same window.
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Then assign file format (. BFP), from another add-on
(FormatDefination).
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Here we show format to bank account
For mapping based on the number of: -
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Administration> Settings> Banking> Bank Statement Process> Internal Bank operation code
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If we account statement finilize then double-click on the same line to design, then new window opens
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Then customize SAP users or to reconcile all bank transaction. When the user double-clicks on row then new windows to open again for the setting.
Thanks
Manvendra Singh Niranjan

Electronic Bank Statement (BAI format)

Hi Experts,
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Edited by: Philip Eller on May 20, 2008 9:03 AM

Hi Darpal Thiarha,
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Hello.
Does this helps you?
Matching Bank Statement Lines with Transactions
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Edited by: OctopusRex on Nov 4, 2009 2:55 AM

Bank Statement for Reconciliation

Dear All,
What is the disadvantage if we can use Electronic Bank Transfer for Bank Reconciliation.
There are two main obstacles in Customizing to quick and efficient installation of the electronic bank statement:
Creating the files UMSATZ.TXT and AUSZUG.TXT is a complex process. Experience has shown that many implementation errors arise from incorrect creation (format errors) of these files. Using actual files from the bank is also difficult as the files are usually very big.
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SS

Hi Ravi Teja / Experts,
Thanks for your info and link.
I have already these configuration document.
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Deal All,
As mentioned in the subject of this mail, this is to request for your inputs to advice the configuration steps with process for Configuration of Electronic Bank Statment in R3 to eneble the user for automatic bank reconciliation with clearing customer/vendor open items.Please send confi doc.
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cvs

Hi
I implemented the EBS in my company 4 month ago and here are some advises on the problems i experienced in the setup process. As for the setup process it is straightforward just read the manual at help.sap.com.
We used the MT940 format for importing bank statements from our bank.
The first thing i would advice you to do is make a list of all the possible transactions that are to be handled by the EBS application.
Then make estimation of how many payments that are recieved in constant structured way which the EBS can handle. (invoice number in the text)
The people in our accounting department complained alot about the output format in the EBS not being userfreindly compared to the advises they recieved in e-mail form from the bank so if not the bulk of your payments can be processed automatically it might not be worth the trouble to implement it. (i still think they uses the the email to postprocess the transactions that was not automatically cleraed)
Make sure you havent got any other applications handling some of the transactions that are contained in the bank statement because this wont work. eg. we had a program automatically placing fx trades on customer and bank account which meant that when we recieved the fx trade on the statement it was already placed and therefore had to be placed on a interims account for later reversal.
We get alot of bankcharges on our payments and we set up the EBS to place them automatically on a bankcharge account if the difference between the recieved amount on the invoice was less that 30 dollars.(we just assume that a difference is a bank charge) This means that a customer if he wants to always can pay x dollars under the invoice amount because it will be automatically processed and therefore go unnoticed.
Establish a contact in your bank who knows how their MT940 format has been structured.
Then contact your bank and get them to provide some test statements of old bank statements.
Make sure that you are not the first customer for using the MT940 format or else you will end up being ginny pig for the banks possible mistakes.
As i learned the way banks interpret the MT940 format guidelines can varry quite alot eg. the ocmt field our bank interpreted as the original payed amount in its original currency. SAP inprets this field as the recieved amount in its original currency and therefore it always try to clear the OCMT amount if availleble which meant it always tried to clear the original amount even though there had been taken som bankcharges underways.
I also found out that our bank didnt really bother to specify the type of transaction (interest, fx contract, bank charges, check and so on) which meant we only had two external transaction codes availleble s103 for incomming payments and ntrf for outgoing payments. This gave alot of trouble as i had to identify the type of transaction through seach algorithms.
Our bank also had trouble creating the MT940 file because it has a limited number of characters availleble which meant in the initial file that it only gave the first x characters of each line and then left out the rest. This meant that the text was broken into alot of pieces and you hardly ever had a complete invoice number to clear on. We had the bank altering their format so they now leave out text at the end of the transaction instead.
In the implementation process we experienced that the EBS application created a payment advice each time the amount of the payment didnt match the invoice in the system. We implemented a note from service.sap which disabled this and just assigned the difference to a bankcharge account.
I dont know if you can use these advices but just felt i would try to warn you about the potential problems that i experienced in the process. .
If you have concrete questions to the EBS setup feel free to contact me and i will see if i can help you.

Reconciliation between Bank statement and G/L

Good afternoon,
We're integrating our bank statements electronically and manually. Sometimes, the statement gets integrated, but the G/L accounts in FI are not updated; or the information in the statement is not correct and therefore the statement information in FEBA is not synchronized with the G/L.
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Advice Bank Statement and External Reconciliation Report

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Electronic Bank Statement for Bank Reconciliation

Hello FI Experts,
Could you please advice if Electronic Bank Statement is possible to be configured.
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please help, how do i configure this??

Hello,
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