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Former Member
Jul 04, 2008 at 05:24 PM

Bonds Proceeds and Bond Payments

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How do we record bond proceeds in sap and make payments on the bonds. If we do a journal entry and debit the fund account,whcih account do we offset to record bond receipts? When making payments for bonds can we do it in AP , if yes then how?

If we record the bond proceeds as a journla entry , then when we pay them through ap, the accounteffected would bejust the fund account which will get credited, what about the other offsetting account when we did journal entry, how will it be offsetted? This is my thought.

Has anyone handled the bonds before and is yes, what is the best practice to configure them?