Contra Entry & Cash/bank Payment

Hi All
I want to know that from where should i enter the contra entries ...Outing payments & Incomming payments or Journal Voucher.
There is a bit confusion regarding the daily cash and bank payments other than the invoices...which screen should i use outgoing payment screen or journal voucher.
looking for experts view..
warm regards
anand

Hi Jeyakanthan
Contra Entry means withdrawing cash from bank for office use.
JE: Cash A/c Dr
      To Bank A/c
or depositing cash into bank
JE   Bank A/c
       To Cash A/c
rgs
anand

Similar Messages

Check Numbers not flowing for Cash and bank (Contra) entries

Hi Gurus,
Checks are maintained manually. I have maintained check lots for payments for each bank to ensure that the check number matches with the physical checks. Check number 123456 is used for withdrawal of cash. However When I am posting a check receipt entry in FBCJ, the check number is not being picked from the check lot.
Dr. Cash
Cr. HDFC Bank. No check number is shown in the document generated.
When I make a payment to the vendor from F-58 the system is picking up check number 123456 for vendor payment.
Is it possible to pick up the check number from the check lot while making contra entries for cash withdrawal from Bank?
How to resolve this issue?
Should I remove the check lots numbers? If yes, How to enter the check numbers to match the Physical Checks?
Please Help.
Regards,
AVD.

brother,
can u please share the solution?

Outgoing Payment in FICA( Cash & Bank)

Hi All,
Can anyone give idea about the above subjects.
Since i know how to post incoming payments.
In case if the customer paid overpayment or payment of security deposits.
Could anyone please give procedure with T.Code for this.
Thanks for your help in advance.
Regards,
RAM.

Hello,
In FICA, You make the Payments to the customers either
1. You have collected excess money from him
2. You have charged him excessively.
3. You have adjusted his bill resulting in payment to the customer
4. You want to pay him back the securtiy deposit
5. The customer is moving out ....net result being you owe him the money
6. Other reasons resulting in payment to the customer
In all the above cases, you have to REFUND the money to the customer....either through Bank or by cash or by Cheque...<it depends on your company policy>.....
For refund by Bank/ Cheque you can use T-Code FPY1.
For refund by Cash you can use either FPB0 or FPCJ <again depends on your project/co policy>
For payments by Bank /Cheque, you need to do the following settings
1. Define Own bank details
2.Define Bank user numbers for Payment medium
3.Define Payment methods <FQP1>
3.Define specifications for paying Co cd <FQP4>
4.Define accounts for payment program <FQC0: Posting area 1061>
5.Maintain bank selection
The path for above config is IMG\FICA\Business Transactions\Payments\Incoming outgoing payment creation.
For configuration of Cr Card payments,<Posting by FPB0>, You need to configure in IMG\FICA\Business Transactions\Payments\Payment cards\ Define Accounts for Payment card Institute & Define Specifications for Posting Settlement Document
For configuration fo Cash desk payments<FPCJ>, you have make the settings in IMG\FICA\Business Transactions\Payments\Processing incoming and outgoing payments Cash desk Cash journal
Hope this helps
Rgds
Rajendra

VKOA settings for additional contra entry for 'customer' and 'cash gl'

Hi Experts,
In sales order billing doc we get entries like
sales -- credit
customer -- debit.
We have an additonal requirement to pass an contra entry,where the additonal entries
will be
customer -- credit
Cash acc -- debit
Can this be possible with VKOA setting in SAP?
If yes ,kindly let me know ,how can Customer number be entered in the G/L aacount tab of
VKOA
App . Cndty . ChAc . Sorg . AAg. AAg .Actky .GL account

Please remember you can't enter sub ledgers in VKOA table.
This is only to specify GL accounts.
Your requirement will be possible with the combination of partner function and new condition type.
Please conatct your SD consultant for this.
Rgds
Murali. N

Scheme of Entries for vendor payment under EBS system

Hello Friends,
I am setting below the scheme of entries as I think is appropriate for making a vendor payment. The scenario is that we will make a payment to the vendor where the payment will be released through BACS (we are working for a UK based client). After the payment run is made the payment is not actually made for some reasons and are returned. Then we make the payment again and this time the payment run goes through smoothly.
I would request you to please let me know if I am wrong in the scheme of entries and if yes, what would be the proper scheme.
1.
When Invoice is raised (FB60)
GR/IR a/c        Dr        100
VAT a/c          Dr          20
    To Vendor a/c Cr            120
At this point there is one open item that is created in the vendor account.
2.
When payment run is made (F110)
Vendor a/c                          Dr              120
      To Unclear BACS a/c     Cr                     120
At this point the entries in the vendor account are cleared by entry no 1 and 2 and there are no open items.
3.
When Bank returns the payment as unsuccessful and we clear the entry (F-03)
Return BACS a/c             Dr          120
    To Vendor A/c             Cr                     120
At this point there is one open item that is created in the vendor account
4.
When payment is once more made and this time successfully
Vendor a/c                       Dr             120
   To Unclear BACS a/c    Cr                       120
At this point entries 3 and 4 clears the open items in the vendor account and there remains no other open items.
Can someone please confirm if the sequence is correct or is there an additional step involved for resetting of any document after entry 2 when the payment run fails?
Regards,
Suvarghya Dutta

Hello,
When you have done step 2, immediately you will not come to know that your cheque is failed, only when you receive the bank statement.
In that case I would not expect you to post to a different account "Return BACS a/c". I do not see any reason for this account. I would expect you to debit to the same account "Unclear BACS a/c", which has been used in order to make the payment.
If you are using a different account for reversal, then you have to take two accounts for reconciliation purpose.
MIRO
GRIR Account Dr
To Vendor Account
F110
Vendor Account Dr
To Bank Sub-account (In your case Unclear BACS a/c)
FF67 or FF.5
If successfully paid
Bank Sub Account Dr
To Bank Main Account
If returned or unsuccessful (*)
Bank Sub Account Dr
To Vendor Account
If you are posting the entry (*) through bank statement, then no need to use FBRA.
Use FBRA immediately once you run F110 and you know that you have paid the vendor erronously. But once it reached bank and bank has issued bank statement, I would not expect you to run FBRA, but I would like to use FF67 process.
Regards,
Ravi

Adding Journal Entry throgh Incoming Payments,

Hi Friend,
              I need Help ....
I need to create a journal entry using incoming payment. I have different types of deduction Accounts. All deductions need to display in journal entry and also its reflect in Invoice.Then only invoice going to close.
Dim junEntry As SAPbobsCOM.JournalEntries
Ex :-
:::::Journal Entry::::::
*Account Code/BpName*                *AccountName*          *DR*            *CR*
620005                                Deduction1            10
620006                                Deduction2           100
620007                                Deduction3           100
620008                                Deduction4           115
620009                                Deduction5            10
6200010                              Deduction6             10
6200011                         Cash Recived               655             1000
                                                          1000             1000
        Dim decDebi As Decimal = 0
        Dim dtCount As Integer = dtDataTable.Rows.Count - 1
        junEntry = objAddOnCentral.objCompany.GetBusinessObject(SAPbobsCOM.BoObjectTypes.oJournalEntries)
        junEntry.Memo = strBpCode
        junEntry.ReferenceDate = Now.Date
        For intLoop = 0 To dtDataTable.Rows.Count - 1
            junEntry.Lines.AccountCode = dtDataTable.Rows(intLoop)("Account").ToString()
            junEntry.Lines.Debit = dtDataTable.Rows(intLoop)("Amount").ToString()
            decDebi += CDec(dtDataTable.Rows(intLoop)("Amount").ToString())
            junEntry.Lines.Add()
        Next
        junEntry.Lines.ShortName = strBpCode.Replace("Incoming Payments", "")
        junEntry.Lines.Credit = decDebi
        junEntry.Lines.Add()
        intErrCode = junEntry.Add()
        If intErrCode <> 0 Then
            objAddOnCentral.objApplication.StatusBar.SetText("" & objAddOnCentral.objCompany.GetLastErrorCode & " " & objAddOnCentral.objCompany.GetLastErrorDescription & "", SAPbouiCOM.BoMessageTime.bmt_Short, SAPbouiCOM.BoStatusBarMessageType.smt_Error)
            Return False
        End If

Hi,
I thing no need addon once u add incoming payment automatically invoice will close and JE also will pass.
Regards,
Siva

Accounting entries for bank to bank transfer (FRFT) Cross company

Hi,
We have a scenario to post a bank account to bank account transfer which is crosses legal entities.
I understand FRFT and F111 is the process to use, but i'm not clear what the accounting entries are.
In particular, whether the intercompany postings are automatically generated.
Can you someone run through the accouting entries for a bank to bank payment request process, which
crosses legal entities
Many Thanks
Wade

HI Waheed,
When you do Intercompany transfers using FRFT_B the following entries are generated depending on whether the payung & receiving country are the same.
1) when the paying and the receiving entity are in different countries
a) Sending co.code
i) DR          Payment request clearing
    CR           Bank Clearing account
ii) DR          Intercompany clearing account
    CR           Payment request clearing account
b) Receiving company code
DR          Bank Clearing a/c
CR           Intercompany clearing account
2) when the paying and the receiving entity are in the same country
a) Sending company code
   DR Inter company clearing a/c
   CR Bank Clearingaccount
b) Receiving Company code
DR Bank Clearing account
CR Intercompany clearing account
All the above entries are passed after successful execution of the payments By Tcode F111.
Please check if the SAP Note "1510224" is implimented in your system.. along with changes suggested there in.
Ofcourse... Intercompany ponting settings OBYA is also required.
Hope this helps.
Best Regards,
M. Naveen Kumar
Edited by: M Naveen Kumar on Jul 14, 2011 7:51 PM

Background Journal entry for Incoming payment

Dear Experts,
Would you please help me in how to get the journal entry for an incoming payment entered as "payment on account".
The relationship map does not show this, but I can see the credit entry for the customer is passed.
same happens for incoming payment made for specific AR invoices.
SAP Doc says...
Result
An incoming payment document is created.
A journal entry that credits the customer and the tax accounts (if tax is involved), and debits the receivable account, is created.
The journal entries of the incoming payments and the paid invoices are reconciled.
The paid invoices are closed; they no longer appear in the Open Items list and in the Incoming Paymentswindow as documents for payment.
So how to check the journal entries for incoming payments.
Regards
Message was edited by: Suman Roy

Hi,
To see journal entry, drill down arrow at transaction no of incoming payment window.
Thanks & Regards,
Nagarajan

We are trying to do a Quick payment from payment workbench and getting 'FRM-41830: List of values contains no entries' error for payment document column/field. Payment document setup looks good. Not sure what the issue is.

We are trying to do a Quick payment from payment workbench and getting 'FRM-41830: List of values contains no entries' error for payment document column/field. Payment document setup looks good. Not sure what the issue is.

Already gone through following three notes but didn't found resolution.
APXPAWKB: FRM-41830 When Clicking on Payment Document LOV (Doc ID 1081305.1)
R12: APXPAWKB: Payment Document Lov Is Empty When Entering A Payment (Doc ID 857587.1)
R12: Payment Workbench Error: FRM-41830 List Of Values Contains No Entries (APXPAWKB.FMB) (Doc ID 1323875.1)

Cash discount payment not transferred from SD to CO-PA

Dear Gurus,
We have notice that since a couple of months ago, the cash discount payment amount introduced in the SD bill through a condition type is not transferred to the profitab. analysis document (that is, is not carried to CO-PA module).
While we fulfilled the condition type with the amount correctly in SD, field "Cash discount payment" in CO-PA (screen "value fields") is empty, with any amount.
We really don´t know why.
This was working ok 2 months ago, so that is the strange thing.
Can anybody in SD module give me a hint of what can be happenning, please? Or what to check....
Many thanks in advance

Hi,
Please check the pricing procedure and your condition type of cash discount type whether statistical is ticked or Account key is there
Thanks
Krushna

APP ERROR FOR CASH DISCOUNT PAYMENT TERMS

Hi,
I am facing problem in F110 - APP run for cash discount payment terms. The error is "Error in creating the payment document". Suggest a suitable solution.
Shripad

Dear,
This problem is often cause due to changing payment term in the document. Use transaction FB03 enter the invoice document got Environment>Document changes. If you see the payment term has been changed then restore the old payment term into the document.
Regards,
Chintan Joshi.

Reversal cash desk payment

Hi,
I have a question concerning ISU 4.72
With a normal payment lot a payment can be reversed from an item again (although the lot is closed) so the payment lot will be reopened with a new reconciliation key.
Does anyone know why it isn't possible to reverse a <u>cash</u> desk payment with FP08 when the cash desk payment lot of the cash payment(s) is closed?
Regards, Ramon.
Message was edited by:
Ramon Knol
Message was edited by:
Ramon Knol

Hello,
With a normal payment lot a payment can be reversed from an item again (although the lot is closed) so the payment lot will be reopened with a new reconciliation key.
Yes! your understanding is right..but do remember that it is not the PL that is open, it is the closed Open Item that wud become Open again.
Does anyone know why it isn't possible to reverse a cash desk payment with FP08 when the cash desk payment lot of the cash payment(s) is closed?
You cannot use FP08 to reverse Cash desk Payment as Cash Journal documents are created as Internal Documents and not visible in tables DFKKKO, DFKKOP, DFKKOPK etc.
If you want to reverse a cash journal doc, you need to reverse them in FPCJ itself. Select the document you want to reverse and press Shift + F2 <<select delete row icon visible underneath>>. You need to mention reversal reason. After reversal, both document reversed and reverse documents are visible in FPCJ.
Hope this helps
Rgds
Rajendra

Bank Payment with Three currencies at a time

Good afternoon
Iu2019m looking for someone that would know if SAP Business One could handle three different currencies from a Bank payment perspective, meaning that I have ZAR set as my local and system currency and my bank account is a USD currency but my client is paying me in their currency which could be anything let say EUR.
My system is set up local and system currency being the same, but like this it canu2019t manage three currencies it only looks at the local and BP currency when doing a payment not giving me the option to pay in USD. Itu2019s important because when I pay my client out of my USD bank account into their EUR account the system only keeps track of the exchange rate between my local and bank currency and I need it to keep track of both EUR to USD and USD to ZAR.
Does anyone know how I would be able to do this in SAP B1?
Thank you all
Regards
Ronald

Hi Ronald
I had a similar issue with Namibia where they can accept Rands or Namibian Dollars as the Namibian Dollar is linked to the Rand through our Reserve Bank at 1:1. It is a bit tricky to handle but here goes. You could consider using an interim account for the incoming payment to offset in EUR. Then use a journal to transfer the EUR to the USD account. With other words under bank transfer in payment means, choose an interim account instead of the bank account. Then do a journal to transfer the EUR into the USD account. Only problem is that any exchange rate gains or losses must be posted manually.
Give me a call on my cell if you need more assistance
Kind regards
Peter Juby

Bank Payment Wizard file format

Hello Experts,
I have requirement of sending bank payment wizard file to bank for payment in ISO 20022 XML format.
- which format is generated by default by SAP B1 and
- how to convert the output of payment wizard in ISO 20022 XML format.
Is there way to change the output.
Thanks
Deepak

Hi,
Plz check following links,
Payment Wizard - Export Bank File
SAP B1 8.8 - payment engine
Payment Wizard - Recreate File
Payment Wizard/Engine - creation of Bank File

Account determination procedure for cash billing & payment cards

HI experts
i want to know know what are the configuration steps of account determination procedure for cash billing & payment cards

Hi Surya,
Have you assigned Billing type For Ex: F2 or F1 to respective Sales Order Type in Sales Document Type controls VOV8.
Assign these F2 against Delivery Related billing and F1 is for Order Related billing.
Assign KOFI0000 to respective Billing Types F2 and F1.
And check, hope issue may resolve.
Revert if u have any query.
Regards
Durga sana.

Contra Entry & Cash/bank Payment

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