Re: [sap-acct] Bank to Bank transfer

Posted by Roy B (SAP Financials Expert)
on Aug 2 at 11:44 AM
How do you make payments right now if you are not using F110? Do you make manual payments and then simply book them in SAP? If so, you make a payment as you usually would and make a GL booking, account to account in each company. or, if you want to be a little more sophisticated, you can create a bank transfers account in each company and use it as an interim account, so that you can trace all transfers and clear them.


Company code A (sender):
Dr Bank transfers account
Cr Bank account
Dr Intercompany current account Company code B
Cr Bank transfers account

Company code B (receiver)
Dr Bank account
Cr Bank transfers account
Dr Bank transfers account
Cr Intercompany current account Company code A

This will keep your books straight and leave a clear audit trail.

Rgds, Roy

mark as helpful.

Roy Brookes FFA, FInstBA,
SAP? Financials Expert
Senior SAP? Financials Consultant
Published Author
Tel: +49 171 268 9635 (mobile)
Tel: +49 40 793 19642 (landline)
Skype ID: roystonbrookes
SAP? Expert Index Registration: CRF **42819*
SAP? Referral Partner for Business One

---------------Original Message---------------
From: jack pat
Sent: Tuesday, August 02, 2011 11:26 AM
Subject: Bank to Bank transfer


Can you please let me know steps for bank to bank transfer.

i.e GB company code is transferring ?1000.00 to US company code bank account.

Note -
Currently we are not using F110 as we are new to sap and its not configured yet.

please advice


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Roy B
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