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author's profile photo Former Member
Former Member

Electronic bank statement

Hi,

I have got some material from archives on Electronic bank statement upload.

I need the following clariifcation on Posting rules.

There is a posting area and poting type ( 1,2,3,4,5- Posting , Clearing GL, Cearing Subledger)

1)What are the common external transactions gets posted using EBS and what are the posting rules?

2)To get the sub ledger cleared I have to use the Posting area ( 1 for GL and 2 for SUbledger) or use the posting area as 1 and change the posting type 1,2 depend on the requirement of subledger/GL. Whaich is the best approach?

Thankful and Seeking yrguidance.

Thanks,

Chitra.

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3 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Jul 05, 2006 at 05:51 AM

    Hi

    The best approach is

    Posting Area 1 for GL and Posting Type 1/4/5

    Posting Area 2 for Sub-ledger and Posting Type 8/7

    of course depending on your requirement.

    Cheers

    Srinivas

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    • Former Member Former Member

      Hi Chitra,

      Did u try using the option 'only bank accounts' under processing (posting) parameters.. this will block subledger postings, but this option can not be used in case of a batch input session. If its a batch input session, execute only bank posting session, if subledger postings should not be done.

      You need to create clearing accounts (say, incoming checks act) on open item management basis.

      Cheers,

  • author's profile photo Former Member
    Former Member
    Posted on Mar 12, 2007 at 08:36 PM

    I am not able to apply customer tolerances in using lockbox BAI2 format and all these items are left open. What do I do and how do I start?

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 20, 2007 at 11:52 PM

    HI Chitra,

    Iam Ratheesh and Iam rt now workin in california. Even I dont know about the proper functionality of EBS. After the customer pays the bank or we pay the vendor what happens next. What actually happpens when we get the EBS. WHy do we use manual bank statement, then?

    Can u email me the configuration of EBS. I dont know how it is done. Inee dyour help. Myemail id is ratheeshfico@gmail.com. Thanks

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