Outgoing Checks, clearing account
FI experts,
Can anyone advice what is the best way to configure BRS, All I need to do is debit the clearing account and credit the cash account, and update encashment field after I download the clear checks report from the bank daily. I do not need to upload the entire statement, we only use the cash account for funding and cut the checks.
Can anyone tell me which transactions can it be run to upload the bank clear checks report?
and what is the config process to follow after I have already setup the bank subaccount in IMG. I currently have all the outgoing checks posting to the clearing account. I now want to be able to automatically have the system to debit clearing account and credit cash account.
Do I have to use T-code FCKR
Your help will be greatly appreciated
Edited by: Frank Florian on Jun 9, 2008 4:44 PM
please follow the following path
call transaction F110
go to menu bar
Enviorment---> maintain configration
house bank
select the house bank
and press bank account
give the account for which you want to use as reconciliation account for bank payments
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The balace showing in this Check Clearing account at any given time would represent un-deposited checks
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Hi all
will any one help me in making me understand as to how the cenvat clearing account can be automatically cleared.
What exactly i mean is -
When we do MIGO, the cenat clearing account is automatcially credited and RG 23 A is debited.and
When we do MIRO, the cenvat clearing account is automatically debited and vendor is credited.
if this is the case, i find that the cenvat clearing account which is getting credited in MIGO and debited in MIRO is still showing as OPEN ITEMS when i view the cenvat clearing general ledger account in transaction code - FBL3N .
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Check if this is of help.
Also check MM/FI integration for 23 transactions. Check if a/c assignment is set.
CENVAT Document
Definition
An accounting document that the system automatically creates when it generates a Part II entry.
Use
Customizing
Specify which document type you want the CENVAT documents to use, in Customizing for Logistics General, by choosing Taxes on Goods Movements ® India ® Basic Settings ® Maintain Company Code Settings.
Day-to-Day Activities
When the system generates a Part II entry for an incoming excise invoice, it creates a CENVAT document to debit the excise duty to the excise duty account, and credit it to the CENVAT clearing account:
The excise duty is cleared from the clearing account when the accounting clerk enters the vendor invoice.
When the system generates a Part II entry for an outgoing excise invoice, it creates a CENVAT document to debit the excise duty to the excise duty account, and credit it to the CENVAT suspense account:
Reg
assign points if useul -
Dear Friends,
I have a situation and would truely appreciate your help and points will be awarded. Receipt from a vendor is getting posted in a 11306015 which is a clearing account instead of 11306010 which is the <b>confirmed cash account</b> attached to the Bank Account in FI12. When i checked the document i found out that 11306010 got credited and 11306015 is a debited. Can any ody explain f the process is right or wrong. Which i believe is wrong, as receipt in the bank account by eletronic statement should sit in 11306010 not 11306015. And also let me know how to correct it. The Bank account is a foreign currency account and the user says -this situation happens only when the currency is not USD or Euro.
Any help friends !
Regards
RashmiHi,
Settings for Manual BRS also same like EBS.. only thing here we will give our own business transactions..
All bank GL Accounts should have masking logic.. eg: 230101 is for main bank 230201 is for Incoming Check 230301 is for Outgoing check .. this is only for one bank like that we have to define for others as well.
In the House bank we will tag Main bank account.
Go to IMG --> FI --> Bank Accounting -->Payment Transactions --> Manual Bank Statement - Create and Assign Business Transactions
Here we have to define business transactions like...
Transaction types eg: Z001 - Outgoing cheques -ve indicator Posting rule z001 - enter text
Got to second node: Define Posting Keys and Posting Rules for Manual Bank Statement
Here we have to define all 4 steps
Above masking logic will helpful here
1. create account symbols eg:ZOutgoing checks ... and Main Bank
2. Assign accounts to account symbols (Here we have to assign all bank accounts to account symbols)
Acc.Mod: Put + Currency+ If the GL Lenght is 6 .. We have to enter GL Account like this --> XXXX2303XX so up to 99 gl accounts we can masking rule...
3.Create posting rule eg:z001 outgoing checks
4. Define posting rules ... Under debit .. postinkg key blank, account symbol Z001 Credit : Posting key 50 account symbol:Main and document type ZP and posting Type 4
Through above steps we have to follow for other transactions...
Thanks,
Padmaja -
Bank clearing account -Automatic clearance
Dear Friends,
I had set up bank clearing account as open item management and as part of bank reconsilation procoess am clearing the my bank sub account with the assumption that my payment have been processed by bank and my bank account have been deducted.
While processing my sub account with transaction f.13,am getting an error message "No G/L account documents selected".
Could someone advice why am getting this error.
greatly appreciated.
Thanks,
RamHi,
Settings for Manual BRS also same like EBS.. only thing here we will give our own business transactions..
All bank GL Accounts should have masking logic.. eg: 230101 is for main bank 230201 is for Incoming Check 230301 is for Outgoing check .. this is only for one bank like that we have to define for others as well.
In the House bank we will tag Main bank account.
Go to IMG --> FI --> Bank Accounting -->Payment Transactions --> Manual Bank Statement - Create and Assign Business Transactions
Here we have to define business transactions like...
Transaction types eg: Z001 - Outgoing cheques -ve indicator Posting rule z001 - enter text
Got to second node: Define Posting Keys and Posting Rules for Manual Bank Statement
Here we have to define all 4 steps
Above masking logic will helpful here
1. create account symbols eg:ZOutgoing checks ... and Main Bank
2. Assign accounts to account symbols (Here we have to assign all bank accounts to account symbols)
Acc.Mod: Put + Currency+ If the GL Lenght is 6 .. We have to enter GL Account like this --> XXXX2303XX so up to 99 gl accounts we can masking rule...
3.Create posting rule eg:z001 outgoing checks
4. Define posting rules ... Under debit .. postinkg key blank, account symbol Z001 Credit : Posting key 50 account symbol:Main and document type ZP and posting Type 4
Through above steps we have to follow for other transactions...
Thanks,
Padmaja -
Can someone please tell me which account group do the clearing accounts for bank in sap fall under.
(For eg, from one bank account you do payroll and ap checks)
Another question, do we need clearing accounts for wires, ach or only we need to have clearing accounts for checks? Please confirm.
Third question, if there are no checks, wires or ach from a bank then do we need to maintain the clearing account. If not then what do we put in the in the bank determination for sub accounts. Or is it that we dont need to have anything set up bank determination?
Looking to get the answers for all threeHello Lakshmi,
1. Accountgroup clearing accounts bank
Recommendable is Accountgroup CASH, but you can even choose i. e. BS for Balance sheet. Normally the accounting department decides which accountgroup is relevant.
Very Important: activate open item management and line item display.
2. Different clearing accounts
I recommend min. one account for outgoing cheques and one for outgoing wires/banktransfers. Depending on the way you post incoming payments you need one account for incoming cheques and another for banktransfers/wires/direct debits.
Cheques should always be managed with a separate subaccount, just to enable a clear presentation of the chequeregister. Other electronical payments can be posted to another account.
3. outgoing automatical payments
If automatical payments are not used (cheques, wires, ach....) you don't need subaccounts.
If you use automatical payments: never allocate the GL-Bankaccount directly in the accountdetermination of the paymentprogram because the accountancy can not post the bankstatement correctly. Always use subaccounts in the customizing of the paymentprogram.
Hope this makes the banksubaccounts a littler clearer for you.
Best regards
Horst -
Error -Account 'Down-payments clearing account' could not be found for area
When I am trying to pass a down payment entry by debiting vedor and crediting bank with asset it is giving an error as follows.
Account 'Down-payments clearing account' could not be found for area 01
Message no. AU133
Please help me to rectify the same.
Thanks in advance
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Please pay attention at the possible causes of message AU133:
1. Error AU133:
a) You have not defined a contra account for acquisition value postings in the Asset Accounting Customizing settings (Transaction AO90).However, this is required as of Release 4.6C because, as is the case for all other integration postings in Asset Accounting, invoice receipt postings have to be displayed in Asset Accounting via the new posting kernel to ensure an identical document
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b) You have defined the account in Asset Accounting, however, it is not created in the affected company code.Check whether the account is correct and create it for the company code, if necessary.
2. You have entered an asset reconciliation account for the "Contra account: Acquisition value posting" (for example, the same account as for "Acquisition:Acquis. and production costs" account).This is not permitted.Check whether your account determination is correct
(Transaction AO90) in Asset Accounting Customizing. The same applies
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4.Check if you need revaluation accounts in depreciation areas involved (AO90):
-Revaluation acquis. and production costs
-Offsetting account: Revaluation APC
Please run also programm RACKONTO where missing or wrong customizing
the accoutn determinations per company code is displayed
Also have a look at note 7595 in this regard.
Please assign points if it useful.
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Ravinagh Boni -
Value difference for GR/IR Clearing Account in case of MIGO and MIRO.
Hello Experts,
One of our client has asked me about clarification regarding GR/IR Clearing Account shows different values when MIGO and MIRO posting. Scenario is that,
SEZ
Calculation of import Duty
Input goods
Material Base Value
2,171,385
Landing Cost
21,714
For computing Customs landing charges need to be added
BED @
10%
219,310
Loaded in material cost
CVD, @
12%
289,489
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Customs Education Cess
3%
15,264
Loaded in material cost
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108,686
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Customs Duty
632,749
CVD
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219,310
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4%
108,686
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2214812.7
Hence Material cost in GR/IR should be Rs. 22,14,813
Diff (2219092-2214813= 4279)
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My concern is that GR/IR Clearing Account consider only Material cost and non deductible tax amount i.e. CST which is loaded on material cost but system consider some different values, please check the above calculation. When user post MIRO in that case system automatically konck off GR/IR Clearing Account and post difference amount i.e. RS. 4279 to Inventory Account which is wrong. I dont know how system behaves in such manner.
Please giude me on this issue as soon as possible.
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Vishal JadhavDiscussion moved. Please use Internationalization and Unicode for CIN related queries.
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Unable to view entries in FAGLL03 for Zero Balance Clearing Account
Hi experts,
We are facing a unique problem. We are not able to view the line items of the Zero Balance clearing account. The master data of the G/L has been activated for line items but still the display of the items is not happening. I am getting the foll message:
Account 19900000, company code 1100 is clearing account
Message no. MSITEM111
Diagnosis
You have stored account 19900000 in company code 1100 as a clearing account. At the same time, you use line item management with this account.
System Response
Error message issued because line item display cannot read data for an account in a ledger if line items exist partially in the entry view together with clearing items for which there are no line items. In such cases, only the data with line items would be selected.
Procedure
Check the Customizing settings or account control. Change the settings so that only automatic postings without line items can be made to the account, or select a different account as the clearing account.
Regards,
SateeshHi
In splitting case you need not the give the line item display tab for Zero Balance Clearing Account.
Just remove that line item display in FS00 for Zero Balance account. You could be able to see the entries in FAGLL03
Regards
Sandeep -
Unable to see line items in segment clearing account
Friends,
Why we are unable to see the line items in intersegment clearing account/zero balance clearing account, eventhough the master is maintained as open item and line item display.Hi,
I have received the following error message.
Account 1999990, company code xxxx is clearing account
Message no. MSITEM111
Diagnosis
You have stored account 1999990 in company code xxxx as a clearing account. At the same time, you use line item management with this account.
System Response
Error message issued because line item display cannot read data for an account in a ledger if line items exist partially in the entry view together with clearing items for which there are no line items. In such cases, only the data with line items would be selected.
Procedure
Check the Customizing settings or account control. Change the settings so that only automatic postings without line items can be made to the account, or select a different account as the clearing account. -
Issue in MODVAT Clearing Account and Rounding off of Excise.
I have one issue in MODVAT Clearing Account and Rounding off of Excise.
Example:
Material cost 100Rs.
Excise value
1. BED 10.5 Rs
2. ECes 2.1 Rs
3. HEces 1.3.Rs
At the time of GR
Material Ac Dr 100
To GR/IR 100
At the time of Excise Capture
We done the rounding of Excise value
RG23 A BED 11
RG23 A Eces 2
RG23 A HEces 1
To MODVAT 14
At the time of IR . System create IR with reference of PO
GR/IR DR 100
MODVAT 13.9
To Vendor 113.9
So here you can see that there is a difference of 0.1 in MODVAT account and hence we are crediting Vendor with the lesser amount here with 0.1 RS.
So we cannot reconcile the MODVAT Account
Less Payment to vendor by 0.1 Rs
So is there any solutions on that.
regards
Shayam
Edited by: Shayam_210 on Jan 3, 2011 7:08 AM
Edited by: Shayam_210 on Jan 3, 2011 7:09 AMHi,
Check the rounding setting in below:-
SPRO > Logistics - General > Tax on Goods Movements > India > Basic Settings > Maintain Company Code Settings
SPRO > General Settings > Currencies > Define rounding rules for currencies
Regards,
Gaurav -
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Hi Friends,
my zero balance clearing account shows balance.
we have 6 business areas and document splitting activated.
Trial balance is matching at co.code level.but its mis matching at business area level.
Line item management is checked in the master data of zero balance clearing account.
How to find out the line items of the zero bal.clearing account so that i ll get the relevant business area amount and ll pass journal entry accordingly and ll get the balanced trial balance at business area level.
What is the table for zero balance clearing account line items?
suggest.
Regards,
SumeayDear
I am also facing the same problem. We are having 7 business areas. Trial balance is tallied even at busness area level. However, the zero balance clearing account is showing balance in each business area ( we can say "inter business area balncess.").
Please help
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Clearing of GR/IR clearing account/small difference account
Hi,
There is a huge amount (around 50 lacs) that is piled up in small differnce GL account (acount key - DIF) over the last 2 months. And as well if we check the GR/IR clearing account, it is more or less the same.
I've not used MR11 until now and so would like to know if this can be tackled with F.13 or MR11, if so what would be effect or in other words what should be my course of action.
I've tried checking some information, however as the time is very short and a scheduled month end is slated in other 3 days, I'd like to have some suggestions on this.
Regards,
Soujanya.Hi,
Owing to the nature of this account(expense account) please note that F.13 or MR11 will never clear it since they are meant for clearing only GRIR related accounts.
You have to options here in order to nullify the balance in it.
1.. To wait untill year end so that amount in it will automatically be closed to Retained earning account as soon as you execute FAGLGVTR.
2.. For immediate purpose charge off its amount to retained earnings.
Beside this you should find out reasoning why such an huge amount is standing in it.
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