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Feb 24, 2022 at 01:09 PM

cash box definition in SAP S/4 Hanad



I have a client , this client has a cash box and collects from his customers checks and cash incoming payments , by end of day they transfer these checks and cash to the bank using a bank transfer document.

i am trying to map this process to the application, i have created a house bank and i assigned a reconciliation account to this house bank ( this is the cash in box) then i defined bank account and i assigned the bank account GL account to this bank.

also i have creates bank sub account and i assigned a cash in transit to this account, i was trying to produce the following journals for every step

1- cash collection in cash box

enter incoming payment

Dr. Cash in Box (cash on hand)

Cr. Receivables account

2- daily cash box closing and send cash and checks to the bank

Dr. cash in transit

Cr. cash in box (cash on hand)

3- bank reconciliation journal when the bank statement received and reconciled on the cash management

Dr. Bank Account

Cr. cash in transit

please advice if this process can be executed by the same setup i did in the system and how can i map every step to the system