Security Deposit Payment and Clearing!

[Former Member]

Hi Experts,

We have an requirement when the cash security deposit is processed/released in SAP ISU it should hit the liability ledger account and not the bank clearing account.

As per SAP standard functionlity when the cash security deposit request is initially posted it will have only A/R account associated with it as it is a statistical item with the main and sub of 0020/0020 and when the actual payment is received we post as an cash security deposit payment with the main/sub as 0020/0010 through assignment in the posting area 1010.

We have maintained the 0020/0010 in EK02 with the liability account assocaited with it.

Though it reads as cash security deposit payment as it is still posted through the payment lots it hits the bank clearing account associated with the payment lot and not the ledger account associated with the main and sub of 0020/0010. I checked the posting area 1010 and it didnt allow the G/L account to be specified during down payment clearing.

I am not sure if there is a way to handle this but our requirement is to capture this cash security deposit payment in different liability ledger account and not the Bank clearing/Cash in transit account.

Any thoughts on how to go about it and fix this issue will be highly appreciated.

Thanks,

Bharat

[TammyPowlas]

Hi - I recommend you document the expected postings, because when the security deposit is made, you are debiting cash, right?

Here would be the expected postings as an accountant when the security deposit is made:

Debit Cash

  Credit Liability

When security deposit is released, then the following should occur:

Debit Liability

Credit cash

So to me the assumption that it shouldn't post to the bank clearing account is incorrect; it should as cash transactions are occurring, right?  I recommend documenting the requirements with the accountant.

Tammy