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author's profile photo Former Member
Former Member

Regarding BRS

Dear All,

After 15 months, our company wants us to make settings for BRS. I know the steps in doing this. But I am stuck up at, how to process all the back dated transactions. In the present system we are maintaining 3 GL Accounts for each bank one for Main bank, other for collections and last one for payments. Now I need to clear all these lineitems/transactions. First I want to pass all open items in my collections to my main bank account. How should I proceed in doing this?

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    author's profile photo Former Member
    Former Member
    Posted on Feb 25, 2009 at 02:08 AM

    Hi,

    The process is quite simple.

    The users would have been doing the manual BRS. They would be knowing as to what are the actual reconciliation items, i.e the items which are to be kept open in the Incoming and the outgoing accounts.

    Except for the reconciliation items, you can pass an entry (or use LSMW) to take all the open items from the incoming bank and outgoing bank accounts to yhe main bank account.

    Let me explain with an example.

    Lets assume that your Outgoing Bank account has 1000 open items. As per the last manual BRS by the users, you find that there are 30 cheques which have been issued and not yet presented for payment. Excluding these 30 open items, you can transfer the remaining 970 open items from the outgoing bank account to the main bank account

    Hope this clarifies

    Regards

    AKV

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