Configuration of two bank account

[former_member201807]

Hi Team,

My client is paying the salary end of the month, & after success full they post the salary in Finance.

After salary they process the reimbursement i.e. paying the reimbursement (telephone, fuel, etc.) through off cycle.

After successful they post in FI.

Both (salary & reimbursement) transfer in same bank account.

Client wants two different bank account i.e one for salary transfer & another for reimbursement transfer

How to configure two different bank accounts& impact of this change?

Thank you in advance.

Regards,

Rakesh

[Former Member]

Hi Rakesh,

Create as Sriram told, he given the path with screen shots.

Regards

Vijay

[former_member185000]

Hi Rakesh,

IT0009 may contain many records with different bank accounts. As employee might be having different accounts and their payments can be made to differently.

So, when you you are configuring the IT0009 you may select the sub type as 'Main Bank account  ( sub type '0') for salaray account and other bank account  ( sub type '1') as ' Fuel reimbursement etc.

If they are being paid through Off cycle, it can be paid using Main Bank off cycle option in IT0009 (subtype '5').

Thanks

Madhav.

[former_member201807]

Hi Team,

How to configure two bank account.

Kindly suggest

Have a nice day!

Regards,

Rakesh

[Former Member]

Hi,

We can configure the bank details in the below highlighted node:

Thanks,

Sriram

[Former Member]

Hi Rakesh,

There is no configuration it updating of Employee Bank details in the master data.

Back end Bank Key and Payment method must be configured for your Banks. these done by FI Consultant.

regards,

praneeth kumar

[former_member201807]

Dear Team,

Thank you so much,

How to configure two different bank accounts (one for salary & other is reimbursement) & how to map configuration related to posting / what is impact in FI.

Kindly suggest!

Regards,

Rakesh

[Former Member]

Hi,

Create as Sriram told, he given the path with screen shots.

while processing payroll it check whether employee mode of payment cash or bank transfer. if it is bank transfer it will check bank account no. is their or not. while FI posting it wont consider the bank account. for your salary of employee using normal check or transfer process or using DME process.

if not using DME process, HR will issue the check with Employee bank account no, and amount to be credited for the month to the Bank.

regards,

praneeth kumar

[Former Member]

Hello Rakesh,

Looks like there is a confusion all over.

It will be much clear if you explain what you mean you post the salary to FI. If you could mention steps of transferring salary to FI then we may be able to guide you further.

One more thing just to be clear - you are HCM or FI consultant as we may have to phrase answers accordingly so it much clear to you.

Manoj Shakya