Skip to Content
avatar image
Former Member

Check encashment entry for incoming payment

Dear Viewers,

I would like to know how utillity companies are handling the customer check encashment in FI-CA.

Let's say customer is giving the check. The entry is posted as follows:

Dr. Incoming Check clearing account

Cr. Business partner account.

At the time of uploading the bank statement in FI-CA the should be posted as follows:

Dr. Main bank account

Cr. Incoming Check clearing account

I am trying get the solution in FI-CA for the incoming check encashment. Could anyone please help me to get the soultion for this.

Thanks in advance..

Thanks

Aswin

Add comment
10|10000 characters needed characters exceeded

  • Get RSS Feed

2 Answers

  • Best Answer
    avatar image
    Former Member
    Jul 12, 2010 at 03:53 AM

    Hi Aswin,

    Are you talking about Outgoing payments? Cheques created through payment run FPY1?

    Thanks

    Natalie

    Add comment
    10|10000 characters needed characters exceeded

    • Former Member Former Member

      Dear Natalie,

      Sorry for the delayed reply. Thank you so much for your detailed answer.

      I have tested the same in FI-CO it's working fine.

      Since every day more than 1000 checks are received from the FICA customers. All the 1000 Cheques are transferred to FICO where I can do the reconciliation. But our client wants to do the reconciliation in FICA, since seperate bank account is maintained only for FI-CA payments.

      I understood that, it is possible in FI-CO only not FICA...

      Thanks

      Aswin

  • avatar image
    Former Member
    Feb 24, 2015 at 06:42 AM

    This message was moderated.

    Add comment
    10|10000 characters needed characters exceeded