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Automatic payment program for GL to GL Transactions.

Hi All,

We are configuring APP in our company.We have already done the configuration for INCOMING PAYMENT i.e Payment received from CUSTOMER to BANK and OUTGOING PAYMENT i.e Payment made to VENDOR from BANK.

For Example:

CASE 1 :We made the payment through F-48 or through F-53 and print the cheque through FBZ5.

Or through : T-Code - F110.

CASE 2 :Now we want to do the same for GL to GL ( i.e fund transfer from one bank to other bank or made direct payment from BANK to EXPENSE Account).

Please advise ,is it possible to configure the APP for CASE 2.

Regards,

Anil kumar.

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3 Answers

  • Apr 14, 2016 at 01:48 PM

    Hi Anil

    You can create a free payment request through FIBLFFP and than process the payment request through F111.

    However, on a side note, why would you like to pay the expense directly? if the expense is incurred on last date of current period, than ideally you should accrue it to balance sheet on liability, which is nothing but the vendor invoice, which recognizes it as AP Liability and than this is paid when the item is due for payment through F110, so I do not see any logic for making a payment document as below:

    Expense A/c Dr

    To Bank Account

    So you mean to say, you will delay the expense recognition, specifically the example i quoted even by a period and recognize it only when the expense is due for payment. Will it not go against the accepted accounting principle? You should probably question your accounting team on the same.

    Thanks & Regards


    Sanil Bhandari

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    • Former Member Karandeep Bhagat

      Hi Karandeep,

      I guess document splitting is active in your system. May be the original document you wanted to clear was not having the splitting line items (Document was created post the document was created that you want to clear now).

      Please check.

      Thanks,

      Siva Cheruvu

  • avatar image
    Former Member
    Apr 14, 2016 at 12:09 PM

    Hi Anil,

    Through F110, I believe case 2 is not possible, reason being even the selection screen will not allow beyond customers and vendors.

    I can think of two possibilities:

    Option 1: You may create one dummy vendor and post all expenses to the same. And in F110 you can process the bank payments to that vendor account and end of the day your vendor account is knocked off and it is expense debit and bank credit. This may look round about. But I just thought it can be one of the possibilities.

    Option 2: You may try a BDC for FB01, for bank to bank scenario.


    Thanks,

    Siva Cheruvu

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  • avatar image
    Former Member
    Apr 14, 2016 at 12:05 PM

    case 2 should be posted at the time of bank reconciliation . When you get the bank statement then only you will how much you have paid .

    So at time MT940., BAI2 or any other format which you are using that time you Can use external Transaction type and assign proper posting to that .

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