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author's profile photo Former Member
Former Member

GL Accounts for cash desk

Hi Gurus,

In our business process, check payments are accepted through mail and walk-in. All the mailed-in checks will be posted using check lot FP25. All the walk-in payments are posted using FPCJ (cash desk).We are posting checks using check deposit account (posting area 1031 and 0080)

In the

1) Check Lot:

For each individual check

Dr Check clearing Act

Cr Customer Act

For the lot

Dr Check deposit Act

Cr Check clearing Act

Overall check lot accounting entry would be

Dr Check Deposit Act

Cr Customer Act

2) Cash Desk:

For the check payments posted through cash desk also we have similar entries

Dr Check Clearing Act

Cr Customer Act

When lot is closed,

Dr Check deposit Act

Cr Check clearing Act

Accounting entries are same as check lot till now. But when we do withdrawal from the cash desk, we are forced to create one more accounting entry

Cr Check Depost Act

Dr Withdrawal Act

Withdrawal process is reducing our check deposit acct balance, though both the check lot and cash desk are used to handle the check payments. Configuration for posting area 0160 does not allow me to assign the same deposit account for withdrawal.

I believe this is a common scenario, so hoping I'll find a resolution.

Thanks in advance.

Regards,

Santosh

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  • author's profile photo Former Member
    Former Member
    Posted on Jun 05, 2014 at 04:43 AM

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