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Former Member

Treasury Posting Flows Maturity Final Payment Entry Not Generating

Hi Experts,

In Treasury I have created placement and done settlement, 2 questions here

1) In TBB1 during placement entry expected entry as per below, here applies Bank Charges with 6% tax during placement, I am getting error ' Bank Charges GL xxxxx required valid tax code' to achieve i) in FS00 I make it defaulted tax code ii) done substitution and made constant tax code iii) added additional flow for bank charges in placement. but still error remain same, entry should be as per below: how to resolve this kindly suggest.

Dr Fixed Deposit GL 100 Dr Bank Charges Exp GL 10 Dr Tax 6% .6 Cr Outgoing Bank Clearing 110.6

2) after maturity end of the month e.g. 31.10.2016 expecting 2 accounting entries 1) is for FD credit and 2) Revenue Interest Receipt.

a) 1st entry not getting generated, expecting entry as per below how to get generate this entry?

Dr Incoming Bank Clearing A/c 100 Cr Fixed Deposit GL 100

b) for Interest Accounting entry generating in test mode successfully, but tax code not appearing for interest GL error 'Revenue GL required a valid tax code' for this I done substitution and made constant tax code, but still error remain same. hot to achieve this?

Dr Incoming Bank A/C 10 Cr Interest Receipt (OS 0% tax) 10

Please advise for 1) Final Payment during maturity time FD entry not getting generated 2) During Placement Bank Charges with 6% tax how to handle this? 3) for interest receipt entry revenue account tax code should get defaulted how do I get it as defaulted?



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1 Answer

  • Nov 20, 2016 at 08:18 AM


    Can you share the screenshot of error.

    Thank you very much!

    Please check whether all the required confirmation for tax in treasury has been completed.

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