on 07-11-2018 6:08 AM
Hi Experts,
I would like to know the process of Secure and Un Secure loan accounting process in SAP.
Normally in Tally system,
For Secure loan from Bank we are passing accounting entries like,
Bank A/c Dr (asset)
To Bank Loan A/c Cr.(Liability)
In SAP the same process we are following but we are creating a House Bank and Account ID's for both current and loan bank accounts.(If I am wrong tell me)
For Un-Secure Loan from company or Person we are passing account entries like,
Bank A/c Dr(Asset)
To Company/Person/Vendor A/c Cr(Liability) under un-secured loan.
But in this un-secured scenario, If we take company or person like vendor how to pass accounting entries.
Could please suggest.
Thanks,
Keshava.
Hi
SAP TRM doesnt handle vendor postings in standard. But we can directly post You can definitely achieve the same in custom way though.
We can directly post to a customer account in standard, wherein you will need to create the account determination specific to customer posting, ie creating a line item copying your standard 40-50 posting and clicking the BOX next to the posting specs.
furthermore, in the contract of the loan, in the payment details tab, for the incoming and outgoing flows, select the positng to customer instead of GL account and you can achive the desired output.
Hope I have been helpful.
Thanks
Shreyas
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