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Insufficient Money in Bank account

When Creating new outgoing check, the system is throwing above message. There is enough fund in the bank account and checked the payment monitor too..and in the master data for that bank account is minimum amount is $1.

Please let me know. Thank you.

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  • Best Answer
    Posted on Oct 03, 2014 at 07:52 PM

    Hello Aruna

    The Liquidity status of the bank is not only determined by only the closing balance of the Bank Account. Instead all the In Transfer Outgoing payments are also considered in determining the Liquidity status of the bank.

    So the Liquidity status of bank account would be calculated as Closing Balance - In Transfer Outgoing Payments + In Transfer Incoming payment.If making a payment would cause the account balance to fall below the minimum amount, then the system will give such an error message.

    If you wish to use the particular bank account for outgoing payments, then you can do anyone of the following.

    1 .Either sure that the bank has enough liquidity.

    Or

    2.You can adjust the minimum amount for this bank in the Liquidity management work center.

    Or

    3. You could just select the Liquidity Allocation Not Required checkbox to post this outgoing payment.

    Additionally, if you wish to use this bank account for automatic payment then you can set the Bank prioritization in the Global Settings for Payment activity.

    Hope this helps.

    Thanks

    Parveen Kumar

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