How to Handle certain Business Transaction through BRS

[former_member193801]

Hi Gurus,

I am not able to Map certain Business Transactions in BRS like as follows.

1) Cash Deposit in Bank by our cashier,

2) Cash deposited by Insurance directly in our bank accounts, nothing but insurance collection.

3) Inter company payment received

4) Inter company Payment made

Any Help on this is really appreciated.

[narasimhulu_konnipati]

Hello Rohit,

You have to use an intermediary account (Clearing Account) for processing most of you transactions that you listed.

Suppose,

If you have cash sales, then use Cash Cleating account to post them. In this case, your bank will not get any impact.

Once you deposit the Cash in your bank and receive the EBS Statement, then make this amount transferred to Main Bank Account by clearing the Cash Clearing account.

Example:

1. Post Cash Sales

Cash Clearing Account DR

To Revenue Account CR

2. Post BRS

Bank Account DR

To Cash Clearing Account CR

Please refer the standard configuration for EBS Set up in OT83.

Thanks,

Konni

[former_member193801]

Dear Konnipati,

Thanks for your valuable inputs. But I am confused how to configure them in BRS for the below points.

1) Cash Deposit in Bank by our cashier: Shall i use the FBCJ for the same as there wont be any time difference between our books and Bank accounts. Please clarify.

2) Cash Deposited by the Insurance Companies in our Accounts: Please clarify how to configure this in the BRS.

3) Inter company Payment Transfer: One unit bank will transfer the amount to another bank account. How to Map the same i n the BRS.

I have configured Main Bank G/L, Cheque Issue and Cheque Deposit G/L Accounts.

Please shed some light on this issue. Your valuable inputs are highly appreciated.

BR

RR