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author's profile photo Former Member
Former Member

Spl. GL Indicator in FB60?

Dear All,

FB60 is the transaction used for posting Non - PO based invoices. What is the significance of Spl. GL indicator in this screen?

as per my understanding, it allows only spl gl indicators maintained as 'OTHERS'. But, do we use this for employee loans, deposits...etc? how does the cheque get generated in case we use this.

Please clarify.

Regards,

Gangadhar

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 06, 2007 at 11:25 AM

    HI,

    Significance of Spl. Gl indicator in FB60 is to facilitate the accounting for non-PO cases and as well as the cases where no MM in implemented. Here you can select any Indicator.

    Regarding cheque release, you can mention the Payment method in the Invoice. Though the same is not mentioned in the Vendor Master.

    <b>There is a check box in the vendor master in General Data- Payment transactions "Individual Spec." if you check this box you get a check box in FB60 Payment Tab "Individual Payee" when you check this box you get a POP up where you can mention the Employee Name, and cheque get printed on this name.</b>

    Thanks

    VK

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    • Former Member Former Member

      Hi Zia,

      I am sorry, you have got it wrong.

      Spl Gl Indicator is not only for down payments (advance pmts in your terms), it is also used for Bills of exchange and other special gl transactions. Please check

      Regards,

      Gangadhar

  • author's profile photo Former Member
    Former Member
    Posted on Sep 07, 2007 at 11:56 AM

    HI,

    You are right in saying that the FB60 and FB70 will display the Sp. GL which are created as others.

    An employee loan or other deposits can be processed through.

    The Entry: Let an employee is created as a Customer for Travel Advance

    Create a Spl. for Travel advence with Alt. Gl account. Emp. Your Travel Advance account should be a Recon acct. with Acc. Type D.

    Dr. Employee A/c with the Spl. GL

    Cr. Bank Outgoing A/c.

    and credit entries will be passed on recovery from the employee.

    And for payment mention the relevent payment method in the payment method field and mention the same in the Customer Master.

    If you want change the name on cheque at the time of printing follow my earlier reply.

    There is a config step to post to Sp. GL other than DP, which i will tell you once you come back to me on this.

    Thanks

    VK

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