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Re: MT940

Former Member
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Hi All,

Can anyone tell me, about MT940 from begining as i am not aware of that. how it works

top to bottom please briefly explain about that

it would be great.

Accepted Solutions (0)

Answers (2)

Answers (2)

Former Member
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thanks

Former Member
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Hi,

MT940 is one particular format which will be provided by bank for the bank statements. SAP understands two formats one is Multi Cash and the other is MT940.

If banks provides statements, in either of these formats, then you can directly import the file in to SAP using Transaction FF_5.

Before importing, you need to configure the required settings for electronic bank statement.

MT940 format will be having account number, sequencial number and the transaction lines maintained in field 86 where the details of the transactions happened in your account are provided with the invoice reference provided by you to the banks. Based on this reference number the invoice are identified in SAP and the line items gets cleared.

Hope u got some idea.

Regards

Srikanth

Former Member
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Hi Srikanth,

thanks for that

Right now in my company this is using for vender payment. but now they want to impliment for customers

for customers how it works please let me know

for customer process i do not know.

Former Member
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Hi Venkat,.

Generally for customer payments, in SAP using FF68 Manual Check deposit you will enter the checks which are given by the customers. Also you can import the same using FFB5 transaction.

Also lock box concept, is there which will be used for US Companies.

Regards

Srikanth

Former Member
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I am not clear about customers please give me some brief explanation on that. with posting roles

Former Member
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Hi

There is no difference in file structure for in MT940 for incoming payments or out going payments.

Only thing is you need to configure the posting rules depending upon your External Transaction Code.

And some times you need to use user exists to understand or differentiate Transactions based on Note to payee or 86 string.

Regards

Venkat

Former Member
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Hi Venkat,

Can you let me know, how can we define

Define Search String for Electronic Bank Statement

:61:0906090609DR30556,00NCHKXXXX

:86:-CHQ423725 TX SPIDER FACILITIES PVT LTD

Here cheque number is available in 86 line. How can we define search string for that for the respect NCHK transaction type.

Thank you

Regards

partha