Electronic bank statement

[Former Member]

while mapping <b>posting rules</b> to <b>external transaction types</b> the <b>interpretation algorithm</b> is used...can anyone help me on how to assign the algorithm and what should be the processing type...just leave at as Dummy entry....Please help me out it is required ASAP....please throw some light on this issue...very urgent...

[Former Member]

Hi,

Interpretational Algorithm is used to explain the system the nature of transaction and Processing type for further process.

Eg: If your outgoing check no is differenct than payment doc select 11 then system understands it so.

Through your External Transaction you are identifying the nature of payment this needs to be conveyed to the system through Intpr. Algo.

Processing type is for the instructions to the system to process the entry.

In our above eg. for 11 you can select Clearing with Check or Clearing with Allocation No. the system clears the payment based on the Posting rule and posting type mentioned in it.

Normally External Transactions are Standard.

Pl. revert for queries

Thnaks

VK