Skip to Content

ques-6

HI,

What is the bank reconciliation process in SAP?

Please solve this issues

Thanks,

RAj

Add comment
10|10000 characters needed characters exceeded

  • Follow
  • Get RSS Feed

3 Answers

  • Mar 27, 2008 at 04:29 PM

    Dear Raj

    Check the links

    [Step-by-Step Procedure for Customizing an Electronic Bank Reconciliation Statement|http://www.sap-img.com/financial/customizing-an-electronic-bank-reconciliation-statement.htm]

    [Business Process Procedure|help.sap.com/bp_blv1500/BL_US/documentation/Scenarios/V1G_BPP_EN_US.doc]

    thanks

    G. Lakshmipathi

    Add comment
    10|10000 characters needed characters exceeded

  • avatar image
    Former Member
    Mar 27, 2008 at 09:42 PM

    Hi,

    Bank Reconciliation

    a) The Bank reconciliation process is based on the entries passed through the Bank sub account and main account. The process is dependent on the Bank Statement received from the Bank that will be entered into SAP. Accounting rules are to be defined for each transaction type and posting rule for posting accounting entries as per bank statement. Bank statements to be uploaded into SAP.

    b) Bank Main account balance is the actual balance as per the bank statement whereas the Bank sub accounts denote the reconciliation items. These sub accounts show those entries, which will flow from the sub account which are not cleared in the bank statement.

    c) Adding or subtracting the Bank sub accounts will help in preparing the Bank reconciliation statement.

    d) The following scenarios would explain the reconciliation process:

    - Cheque received from customer

    - Cheque issued to vendors

    - Cheque received from Other than Customers

    - Direct Debits in Bank Statement

    - Direct Credits in Bank Statement

    - Fund Transfer between Bank Accounts

    Hope it helps.

    regards

    sadhu kishore

    Add comment
    10|10000 characters needed characters exceeded

  • avatar image
    Former Member
    Oct 19, 2011 at 02:00 PM

    The Bank reconciliation process is based on the entries passed through the Bank sub account and main account

    The process is dependent on the Bank Statement received from the Bank that will be entered into SAP

    Accounting rules are to be defined for each transaction type and posting rule for posting accounting entries as per bank statement

    Bank statements to be uploaded into SAP

    Bank Main account balance is the actual balance as per the bank statement whereas the Bank sub accounts denote the reconciliation items

    These sub accounts show those entries, which will flow from the sub account which are not cleared in the bank statement

    Scenario where Bank Reconciliation is required:

    Cheque received from customer:

    Cheque issued to vendors

    Cheque received from Other than Customers

    Direct Debits in Bank Statement

    Direct Credits in Bank Statement

    Fund Transfer between Bank Accounts

    Add comment
    10|10000 characters needed characters exceeded