Skip to Content
avatar image
Former Member

Cash Journal - FBCJ

Hi Experts,

I have a requirement from my client that they want to post cash payment in FBCJ transaction making the below entry.

Dr Expense

Cr Cash

Cr Tax

I tried in many ways using tax codes as well but nothing is helping me in making the above entry in Cash Payments.

Could anyone please help me out ASAP.

Best Regards,

Krishna

Add comment
10|10000 characters needed characters exceeded

  • Follow
  • Get RSS Feed

4 Answers

  • May 25, 2015 at 10:34 AM

    Hi,

    You are requested to do following configuration / settings :

    1. Create a Ta G/L with manual posting

    2. Create a business transaction

    3. Assign Tax G/L

    4. Please use Split functionality in FBCJ..

    Hope, this solves your issue else revert.

    Regards,

    Tejas


    FBCJ_SPLIT.JPG (1.1 kB)
    Add comment
    10|10000 characters needed characters exceeded

    • Former Member

      Hi Tejas,

      Thank you very much for the reply. When I tried to use split option, in cash payments tab, we will be able to see only payment business transactions. If I create like what you suggested, the entry will be as below.

      Dr Expense

      Dr Tax

      Cr Cash

      But my requirement is different. I want to make the below entry.

      Dr Expense

      Cr Cash

      Cr Tax

      Best Regards,

      Krishna

  • May 25, 2015 at 10:48 AM

    Hi Krishna,

    Check the expense has maintained tax category field in the master record? Have you maintained tax condition for the tax code in FV11, if you are using condition based tax procedure else maintain the tax rate in the tax code itself in FTXP? If you have maintained all the above settings, then let us know what error system is showing.

    Regards,

    Mukthar

    Add comment
    10|10000 characters needed characters exceeded

  • avatar image
    Former Member
    May 25, 2015 at 11:29 AM

    HI

    The requirement you have posted is wrong how can we post a transation as you requested it is aginest the standard rules

    thnak you


    Ravi

    Add comment
    10|10000 characters needed characters exceeded

  • avatar image
    Former Member
    May 26, 2015 at 11:28 AM

    Thank you all.

    Basically, my client want to make below entry in FBCJ.

    Dr Expense

    Cr Cash

    Cr Salary Tax

    Can anyone please let me know whether this entry is correct to make and if possible how to do this in FBCJ.

    Awaiting for reply.

    Best Regards,

    Krishna

    Add comment
    10|10000 characters needed characters exceeded

    • Hi Krishna,

      The above entry is wrong. The entry will be:

      Expense Dr

      Vendor Cr

      Tax payable Cr

      At payment through cash

      Vendor Dr

      Cash A/c Cr

      Or you can follow below steps

      1. First post book expense by FB60, the vendor master should be maintained with withholding tax codes. At invoice posting, select withholding tax type for payment. The entry will be:

      Expense A/c Dr

      Vendor A/c Cr

      2. After book expense you can make cash payment by FBCJ. The entry will be:

      Vendor A/c Dr

      Cash A/c Cr

      Tax payable A/c Cr

      Regards,

      Mukthar