Cash Advance Discover IT

I saw in another post that cash advances from Discover are not recorded as a cash advance on your Discover account, rather listed as just a purchase. Anyone know if this is true? I use my Wells Fargo Visa as my overdraft protection for my checking acount and 14 months ago I used that service. When applying for a CLI that was the reason used for the denial - that I had a cash advance in the last 18 months. I don't know if I could even use a credit card not issued by Wells Fargo as overdraft protection. To sum up: 1) are cash advances not seen as cash advances, but rather just a purchase, by Discover2) are cash advances always looked upon negatively (obv Wells Fargo Visa views them this way or it would not be used as a reason to deny a CLI)3) if the answer to question #2 is yes, would I even want to use Discover as overdraft protection for a Wells Fargo checking account, would Discover see it in a bad way4) since an overdraft is not reported on your credit report, yes the balance is, but I don't believe anyone could determine if a cahs advance was made just by looking at my CR - when I apply for a mortgage could this be identified?

tufa4311 wrote:
I saw in another post that cash advances from Discover are not recorded as a cash advance on your Discover account, rather listed as just a purchase. Anyone know if this is true? I use my Wells Fargo Visa as my overdraft protection for my checking acount and 14 months ago I used that service. When applying for a CLI that was the reason used for the denial - that I had a cash advance in the last 18 months. I don't know if I could even use a credit card not issued by Wells Fargo as overdraft protection. To sum up: 1) are cash advances not seen as cash advances, but rather just a purchase, by Discover2) are cash advances always looked upon negatively (obv Wells Fargo Visa views them this way or it would not be used as a reason to deny a CLI)3) if the answer to question #2 is yes, would I even want to use Discover as overdraft protection for a Wells Fargo checking account, would Discover see it in a bad way4) since an overdraft is not reported on your credit report, yes the balance is, but I don't believe anyone could determine if a cahs advance was made just by looking at my CR - when I apply for a mortgage could this be identified? Please, in addition to any comments you may have, please answer these in a point form manner as it's the way my brain thinks I have a discover card and have taken cash out, went to Supermarket and was offered cash advance and I took it and it wasnt reported as a cash advance at all on my statement it just processed like a regular purchase but you have to check what limit you have alloted for cash advance. In regards to Wells Fargo I dont believe you can use a discover card or an outside account with a different institution or a diffrent bank for overdraft protection with Wells Fargo. I use my BOFA credit card as overdraft protection for my BOFA account but I normally pay if off before the statement cuts. The overdraft transfers are considered cash advance in this case but it hasnt stopped me from getting a CLI. Regarding Wells Fargo's reason for denial being due to a cash advance I have never heard that.

Similar Messages

Cash Advance Discover IT (NOT "Cash Over")

I saw in another post that cash advances from Discover are not recorded as a cash advance on your Discover account, rather listed as just a purchase. Anyone know if this is true? I use my Wells Fargo Visa as my overdraft protection for my checking acount and 14 months ago I used that service. When applying for a CLI that was the reason used for the denial - that I had a cash advance in the last 18 months. I don't know if I could even use a credit card not issued by Wells Fargo as overdraft protection. To sum up: 1) are cash advances not seen as cash advances, but rather just a purchase, by Discover2) are cash advances always looked upon negatively (obv Wells Fargo Visa views them this way or it would not be used as a reason to deny a CLI)3) if the answer to question #2 is yes, would I even want to use Discover as overdraft protection for a Wells Fargo checking account, would Discover see it in a bad way4) since an overdraft is not reported on your credit report, yes the balance is, but I don't believe anyone could determine if a cahs advance was made just by looking at my CR - when I apply for a mortgage could this be identified?

kdm31091 wrote:
tufa4311 wrote:
kdm31091 wrote:
But if you don't care about interest, then what does it matter whether the cash advances comes up as a cash advance or a purchase? You're not coming across rude; just a bit unclear as to what you are asking. Anyway, I don't understand why you are so concerned about overdraft/cash advances. In my opinion, there should be no reason to ever plan to take a cash advance i.e. it should be an emergency. And why you would ever expect to have an overdraft is confusing to me, too. In short....why are you planning for this to happen? It's confusing. No offense but if you are planning to take on a mortgage I think you need to be able to manage your money without resorting to cash advances and/or overdrafts. That sounds rude but it's the truth. No an overdraft will not hurt your credit but I could see lenders looking on it poorly because it's showing lack of responsibility for your money.As I noted in my original post - I was denied a CLI due to the fact that I took a cash advance on the card. There is no planning on getting an OD or CA, there are no worries on managing money, I pay all cards off in full after reporting every cycle, I was already approved for a mortgage 15 months ago but decided to wait. I am in a better financial situation now, money and credit score wise, then I was then - there is only trying to determine what harm the advance I took in the past has done. And, no, it doesn't sound rude, why would that sound rude? As for why I am asking these final two questions - becuase I am interested. I did not realize a cash advance was looked at in a bad light by creditors and I am a person that has an interest in educating themselves on these issues. When I joined myFICO I knew about as much on credit as your average Joe, now I know much more but will always be a student. I did not realize I had to justify why I have the questions I have but I hope I have justified them to your satisfaction. Now, where were we, ah, yes, my last two questions: 2) are cash advances always looked upon negatively (obv Wells Fargo Visa views them this way or it would not be used as a reason to deny a CLI) 4) can an over-draft be indentified on a credit report, and if so, can this affect a mortgage application (I edited this question for clarity)I think being denied a CLI because of a cash advance is because of risk. Generally someone who is taking a cash advance is desperate for money and has no other option. This doesn't bode well for a creditor wanting to extend you more credit and therefore more risk. That is why it is looked upon negatively, and also why if you notice, with most cards your cash limit is far, far less than your actual credit limit. I don't think an overdraft can show up on a credit report so no it would not hurt your mortgage app.Thank you, those spoke directly to my questions, much appreciated. With regard to the cash advance, it was my fault done when I knew less about credit. I used a credit card to make my monthly car loan payment at my credit union thinking I was showing good use, however, I did not realize that it was not a credit card charge. They were first taking a cash advance, then putting it towards the car loan payment. It was my ignorance on credit at the time for not realizing that it mattered how they did it at the credit union counter. With regard to the overdraft protection, I had multiple accounts with multiple institutions, checking and saving, that I don't really need but were set up when I first opened the accounts. I had an auto-transfer set up to take X amount of dollars out of one account and deposit it into another. I then changed the account that my salary is auto-deposited into thus leaving nothing in the account that the transfer was supposed to come from. Time came for the auto-transfer and nothing was there so overdraft protection was used. Happened once which then kicked me into closing all these extra accounts I don't need - but the damage was done. How much damage, how long it would affect me, and who could see it I did not know thus the reason for my post.

Cash Advance report

Dear All,
Please provide me with the standard cash advance report for Travel management.
Regards,
Raziq

Aslam-o-Alikum,
Hi Raziq,
If you want to check cash advance in travel module then you can use following reports.
Advance amounts are included with other expense types as well..
S_AHR_61016405 - General Trip Data/Totals/Receipts/Cost Assignment
PTRV_PAYMENT_HISTORY - Determine FI Payment Date
Regards,
Muhammad Umer

Cash advance

Hi Gurus
My client is providing advance without vendor.
What is the procedure of advance cash?
Eg: - No vendor
     Lot of vehicles is taking Rent purpose (for one day)
     Cash advance
     Cash Payment
Passing entry like
Vehicle Charges   A/c 2000
     To Cash Advance      1000
     To Vehicle Payable      1000
When the receive the slip after 10 days remaining payment
Passing the entry like
Vehicle charges Payable     1000
     To cash A/c      1000
My client requirement when the receive the slip & pass the payment entry. System needs to show advance amount.
How it is possible in sap

Post the transaction through vendor Down payment method
steps.
post down payment to vendor(Advace) f-48.
post vehicle charges bill                      f-43
adjust advance against vehicle charges bill by f-54.
make balance payment by f-53.

Cash advance for purchasing

Please help me out on the following scenario
Lets take an example
Steps
1)     First issue a cash advance of $100 from FI side to an employee.
2)     Employee uses that $100 and do a purchase behalf of the company amounted to $80.
3)     Employee submits the goods and the bills of the vendor with the balance $20 back to the company.
4)     Now raise a PR and then a PO for the real vendor with PO value $80.
5)     Do the Goods receive and then the MIRO
6)     Clear the vendor invoice booking (of $80) against the cash advance issue of the employee (using t code f-44)
Questions
a)     How do I record a cash advance to an employee in SAP? ( $100)
b)     How do I record the balance return against this cash advance? ($20)

Hi,
You need to create your EMPLOYEE also as a vendor in SAP system first.
1) First issue a cash advance of $100 from FI side to an employee.
PK29A Debit Employee vendor $ 100....
PK50   Credit Petty Cash $100
2) Employee uses that $100 and do a purchase behalf of the company amounted to $80.
No Documents at this stage
3) Employee submits the goods and the bills of the vendor with the balance $20 back to the company.
PK40   Petty Cash   $20
PK39A Employee Vendor $20
4) Now raise a PR and then a PO for the real vendor with PO value $80.
ME51N & ME21N
5) Do the Goods receive and then the MIRO
MIGO & MIRO for the above created PO
6) Clear the vendor invoice booking (of $80) against the cash advance issue of the employee (using t code f-44)
Clear thru F-44 of Employee Vendor bal of $80 with real vendor bal $80
Hope this is clear to you.
Regards,
Srinu

Cash advance with special GL

Hi,
I had gone through below link for configuring cash advance posting with special GL indicator.
I had followed the steps, but was not able to achieve it.
Please advise.
Link:
https://www.sdn.sap.com/irj/scn/wiki
ERP Human Capital Management > Travel Management > Common Issues and Hints in FI-TV -> Special GL Indicator.
Thanks,
Chandru

Thank you all. I have solved it
Regards,
Chanru

How are *Credit Card*--Cash Advances handled?

How are *Credit Card*--Cash Advances handled? Can employees add that to their Expense report?
Example: If the employee takes a $100 cash advance and reconciles the transaction in SAP Expense, we are expected to pay
Credit Card Provider $100.
However, how does the employee account for underutilizing that $100 (e.g. $20 remaining in their pocket).
Does the individual create and link the $80 of expenses to that $100 cash advance and receive a $20 debit to their employee vendor?
Also, we know that currently there is no MCC Code Mapping in the system for Cash Advance.
Is there a work around this.

Hi Rahul,
I had a customer which had this situation. We solved this issue with a BAdI implementation in ERP.
The traveler adds this withdrawal as a normal expense item which is assigned to special account alias code. The BAdI implementation recongnizes this alias code and removes the expenses and charges this costs to the employee.
Example:
Withdrawal        100 USD
Taxi                     80 USD
Bus                        5 USD
Unused                15 USD
Standard posting to FI:
Taxi Costs                           80,00
Bus Costs                            5,00
Withdrawal                          100,00
Employee Vendor                                85,00
Credit Card Account                          100,00
The correct posting would be:
Taxi Costs                           80,00
Bus Costs                           5,00
Employee                           15,00
Credit Card Account                         100,00
To achieve this posting it is required to
map the withdrawal expense type to a special account alias code (in the coding
example below: ADV) and to implement the following coding in BAdI
BADI_DCFL_FIN_IDOC_DATA_TV:
DATA: lr_item               TYPE REF TO dcfls_preproc_it.
DATA: lr_vendor_item         TYPE REF TO dcfls_preproc_it.
FIELD-SYMBOLS: <tv_item_adv> TYPE dcfls_runtime_tv_item.
FIELD-SYMBOLS: <tv_item_emp> TYPE dcfls_runtime_tv_item.
FIELD-SYMBOLS: <tv_header>    TYPE dcfls_runtime_tv_root.
DATA: lt_string              TYPE TABLE OF string.
DATA: ls_string              TYPE string.
LOOP AT cs_preproc-item REFERENCE INTO lr_item.
    ASSIGN lr_item->bo_specific_item->* TO <tv_item_adv>.
    IF <tv_item_adv>-tv_category = '03' "Expense Item
    AND lr_item->ksymb = 'ADV'.
      CLEAR lr_vendor_item.
      LOOP AT cs_preproc-item REFERENCE INTO lr_vendor_item WHERE rtkey_it <> lr_item->rtkey_it.
        ASSIGN lr_vendor_item->bo_specific_item->* TO <tv_item_emp>.
        IF <tv_item_emp>-tv_category = '01' "Due Item
        AND <tv_item_emp>-pernr_d IS NOT INITIAL.
          EXIT.
        ELSE.
          UNASSIGN <tv_item_emp>.
        ENDIF.
      ENDLOOP.
      IF <tv_item_emp> IS ASSIGNED.
        <tv_item_emp>-wrbtr = <tv_item_emp>-wrbtr - <tv_item_adv>-wrbtr.
        DELETE cs_preproc-item WHERE rtkey_it = lr_item->rtkey_it.
      ELSE.
        "Create Vendor Item with negative amount
        <tv_item_adv>-tv_category = '01'.
        ASSIGN cs_preproc-bo_specific_root->* TO <tv_header>.
        SPLIT <tv_header>-note AT '/' INTO TABLE lt_string.
        READ TABLE lt_string INTO ls_string INDEX 4.
        IF sy-subrc = 0.
          <tv_item_adv>-pernr_d = ls_string.
        ENDIF.
        CLEAR: lr_item->ksymb,
               <tv_item_adv>-note,
               <tv_item_adv>-zuonr.
        <tv_item_adv>-wrbtr = <tv_item_adv>-wrbtr * -1.
      ENDIF.
    ENDIF.
ENDLOOP.
IF <tv_item_emp> IS ASSIGNED
and <tv_item_emp>-wrbtr IS INITIAL.
    DELETE cs_preproc-item WHERE rtkey_it = lr_vendor_item->rtkey_it.
ENDIF.

Can cash advance check against internal order budget?

I thought only cost elements can check against budget or statistical asset elements. But for AP balance sheet (cash advance via special GL), is that even possible?
Please advise.
Thanks in advance.

No Padmaja, Down payments made can be checked against budget using PS module
you specify a cost element in IMG to be used in the case of down payments and this is used to update PS module
Regards
Ajay M

Cash Advance Amount Monitoring AP Down Payment Invoice

HI,
I would like to ask in the AP Down payment Invoice to know or monitor the remaining amount until became zero from AP Invoice.
How to connect this tables?
Example output is :
CA No. Cash Advance AP Invoice API Amount CA Drawn     Balance
114      200000           1347        142,118.74    142,118.74 57881.26
                                  1354        86,191.31       57,881.26         0.00
Thank you very much.
Regards,
Clint

Hi the Gordon,
That's correct, you got my question! And cant the see the link between AP Invoice and AP Downpayment Invoice tables.
Is this possible?
regards,
clint

Update: last day to qualify for double cash from discover

i got off of the phone with a rep and he said the last day to qualify is 09/30/2015 for NEW card members. so don't rush this month if your report is not quite ready like i did! give yourself two months and get a better offer

Trip Advances-Automatic Tick in Cash at Portal.

Hi All,
The standard application on portal for Trip Advances has blank box for check box(cash advances) .
The requirement is to tick it as "check" by default.
Regards,
Sanjyoti.

Hello Sanjyoti
The expert view V_T702N_A also has documentation in the IMG under the activity "travel expenses control, (expert view)" and for each "position" that I mentioned under the F4 help.
Travel Management
>Travel Expenses
    >>Dialog and Expenses Control
      >>>Travel Expenses Control
        >>>>Travel Expenses Control (expert view)
And exactly as Muhammed explained ... FITVFELD_WEB is also the field control where you can make fields mandatory, required, display/hide etc for the portal application!
Best of luck with it.
Sally
Edited by: Sally Redmond on Jun 29, 2011 11:36 AM

Vendor FBCJ advance and FB60 Clearing

Hi Friends,
When I am trying to clear 2 vendor line items, the system is showing the following error
"Posting key 37 does not permit specification of a special G/L indicator".
I had created the first line item by FBCJ, cash advance to vendor with spl. gl indicator and the second line item by FB60 (normal exp invoice) and i m trying to clear both these line items by Tcode F-44. Its not allowing me to post it....How can this be done can anyone guide me on this issue.?

Go to TCode OB41
In that select posting key 37 and put the tick in Special GL Indicator

Travel advances followed up by special g/l indicator - activating HRV

Hi all experts!
I'm on an assignment where the customer wants to change the procces of travel expense advances. Today, the advance is debited on a short term asset account and credit the vendor account. The advance is paid out to the employee and the payment is debited the vendor account. The actual trip expenses is debited a cost account and credit the vendor account. If the trip expenses is lower than the travel expense advance, there will be a debet post on the vendor balance. This way of handling the surplus of cash advance makes it more difficult to analyze and settle the surplus of the employee.
The customer wants to follow up the cash advance by special g/l indicator. I have search for how to make this field available in the tables of Travel management where You define the assigment to symbolic accounts in Travel management to accounts in Financial accounting.
There is a procedure called HRV trip costs posting Advances which would enable this.
How do You activate this procedure in the IMG?
Best regards
Eva

Hi,
The procedure HRV is not suppported by SAP anymore. It was supported up to release 4.6C but removed as it was invcorrect. There is a modification however.

Travel advances per special g/l indicator - activate HRV

Hi all experts!
I'm on an assignment where the customer wants to change the procces of travel expense advances. Today, the advance is debited on a short term asset account and credit the vendor account. The advance is paid out to the employee and the payment is debited the vendor account. The actual trip expenses is debited a cost account and credit the vendor account. If the trip expenses is lower than the travel expense advance, there will be a debet post on the vendor balance. This way of handling the surplus of cash advance makes it more difficult to analyze and settle the surplus of the employee.
The customer wants to follow up the cash advance by special g/l indicator. I have search for how to make this field available in the tables of Travel management where You define the assigment to symbolic accounts in Travel management to accounts in Financial accounting.
There is a procedure called HRV trip costs posting Advances which would enable this.
How do You activate this procedure in the IMG?
Best regards
Eva

Hi Raynard!
Many thanks for Your reply!.
As I understand from the linked information, standard SAP does not include the use of special g/l indicators regarding cash advance in Travel Expenses/travel Management. The procedure HRV is not anymore valid for this purpose. Right?
The feature TRVCT, is that a BADI?
Best regards Eva

Down payment through cash journal

hi,
i have a requairment i.e travel advance to employees,
we treated every employee as a vendor,
how can do this travel advance to employees
thanks and regards
venkat ravi

1. Spl GL indicator cannot be used in FBCJ.If cash advance has to be given then it can be treated as normal payment to vendor w/o spl gl indicator. ie select your vendor payment business transaction which will post the accounting entry Vendor Dr. to Cash Cr.
Employee vendor will get debit to his account in rare case and hence debits, in this case, in employee vendor account could be construed as advances.
2. If client insists that advances to employees should be identified only with spl gl, then you can create a new business transaction whereby you can transfer the balance to say, travel advance clearing account.Accounting entry would be Travel advance clearing A/c Dr. and Cash Cr. From this account you can make advance payment to vendor using spl gl in transaction F-48. Accounting entry would be Vendor with Spl Gl Dr. to Travel Advance clearing. As a control mechanism you should always ensure zero balance in travel advance clearing account. This is only a work around and not a standard solution.
Regards,
Rengaraj

Cash Advance Discover IT

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