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Bank Reconciliation

Hi,

Could you please advise on the following -

a. How can we generate a list of cheques deposited on a particular day that would form part of the bank deposit slip and help in bank reconciliation, by way of tracing the entries to the credits in the bank statement ?

b. Is there an easier way of reconciling the bank as compared to the traditional method of comparing the book transactions with the debits/credits in the bank statement ?

Your assistance will be much appreciated.

Thanks in advance.

Rgds,

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  • Posted on Jan 17, 2008 at 02:39 PM

    Hi Rajeev,

    a. How can we generate a list of cheques deposited on a particular day that would form part of the bank deposit slip and help in bank reconciliation, by way of tracing the entries to the credits in the bank statement ?

    You can goto T.Code FCHN (Check Register) and extract check details and In USA most of the client use Positive pay functionality.

    b. Is there an easier way of reconciling the bank as compared to the traditional method of comparing the book transactions with the debits/credits in the bank statement ?

    There is no standard report in sap.but you can implement EBS or Manual Bank statement process.

    If this helps,please assign points.

    Thanks,

    Rau

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 17, 2008 at 03:01 PM

    Well, you can request for a file from bank to be sent to you guys daily, that would have the details of the cashed data for cashed checks, and void date for void checks.

    Once you get the file, you need to create a BDC program to upload that to SAP ( It will be updating PAYR table and the functionality would be the functionality of T Codes FCHR and FCH9).

    Once the data is uploaded, you can get the outstanding balance and present cash balance.

    Hope it helps..

    Thanks,

    Nandita

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