Cash Journal - FBCJ

[Former Member]

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

[Former Member]

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

[former_member198650]

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

[Former Member]

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

[former_member198650]

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

[Former Member]

Hi Mukhtar,

All tax types allowed (*) is maintained for the expense account in GL master record. Yes, tax rate is maintained in FTXP for the tax code as we are not using condition based tax procedure.

There is no error. The entry is happening as mentioned below

Dr Expense

Dr Tax

     Cr Cash

But I want the entry as

Dr Expense

     Cr Cash

     Cr Tax

Best Regards,

Krishna

[former_member198650]

Hi Krishna,

It is not possible to calculate tax on expense and credit it. For expense system always debit the tax.

Regards,

Mukthar

[Former Member]

Hi Mukhtar,

Thank you very much for your reply. So the below screen from FBCJ Split option is to either debit or credit depending on the account?

Can you please tell me how does this works?

Best Regards,

Krishna

[former_member198650]

Hi Krishna,

You can use the split functionality for break up the costs for multiple GL account. At line item level you post lump amount and by clicking split you can break up it.

Regards,

Mukthar

[former_member222241]

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

[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