Bank Entry & Report Query

[Former Member]

Hello,

If I do the Bank payment entry directly from Journal Entry instead of going thru Outgoing Payment in SAP B1 2007B,

What are the problems may occur?

Are the both ways right?

Which reports I'll not get in case of Journal?

Rgds

Subrata

[former_member583013 · Accepted solution]

Using the outgoing payment if the Bank is setup as a Vendor then it would help automatically reconcile.

If you doing like a payment on GL account either way should be fine

Suda

[Former Member · Accepted solution]

Thnx.

But the scenario is--> I've created a vendor for my "Loan-EMI" and then thru Outgoing Payment I do the transaction like

Loan-EMI(Vendor) Dr.

To Bank A/C Cr.

So, u say in both of direct Journal entry & Outgoing Payment

it will work fine.

[former_member583013 · Accepted solution]

I said if you have created a Vendor and if you if you have created AP Invoices then using the outgoing payment would be better as it would automatically reconcile the Invoices.

If there are no Invoices then a JE / Outgoing payment would work the same

Suda