Hi Experts,
I have a scenario which is purely related to bank reconciliation. Customer has a bank account with HDFC and as on 31st March 2008 the bank book balance was Rs.10,000/- in customers books of account.
At the end of March 2008 customer had made couple of transactions. They are
28th March 2008 Outgoing Payment to vendor A Rs.1000/-
29th March 2008 Outgoing Payment to building owner B Rs.500/-
After considering the above two payments customer bank book balance in customer books of account was Rs.10,000/-
HDFC bank balance as per bank book is Rs.11500/- as on 31st March 2008, because the said two cheques were not cleared in bank as on 31st March 2008.
Now, customer moved from legacy accounting packge to SAP B1, can anyone suggest me how do I consider the above transactions in SAP B1 for bank reconciliation purpose.
Thank you in advance.
Regards
N.Narayana Swamy