entries

[Former Member]

Experts:- if we have doubts, we can ask that , I attended the one of the interview that one ask if we automatic payment programe paying co code, and sednig co code, what are the enteries, suppose if u pay other companies payments, plz tell me entries, plz i dont what are the entries come , plz let us explain.

[Former Member]

Hello

In a payment program, the debits normally go to vendor and the credit goes to bank account.

Sometimes payments to customers is also done. Debit customer and credit bank a/c.

The payment program can also generate a file and sent to bank a specific format. The bank transfers to vendors and sends a file back. This when uploaded, FI document is created debiting vendor and crediting bank a/c.

For intercompany transfers and payments, set the sender / reciever relation between CC in tcode OBYAInter company Postings within the Organization

When you want to post a single transaction to one or more company codes. This done when company wants to keep track of payables and receivables separately.

OBYA - Prepare Cross-Company Code Transactions

Transaction BUV - Clearing between company codes

Posted in 1000

Cleared against 2000

Receivable Payable

Debit posting kye 40 Credit posting key 50

Account debit 12300 Account credit 45600

Receivable Payable

Posted in 2000

Cleared against 1000

Receivable Payable

Debit posting kye 40 Credit posting key 50

Account debit 12300 Account credit 45600

To cut down the number of G/L accounts, use the same G/L accounts for both company codes.

Posted in - Company Code Which Is Being Posted To

Reg

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