Bank Charges on outgoing payment

[Former Member]

Currently using SAP 8.8 PL 14

Question: On outgoing payments through Bank or RTGS there is some charges deduct by bank on these services. presently these charges are not showing in bank books.

we are punching service entries extra for bank charges.

is there any solution to charge the same within single entry.

Regards

Humraaj

[jitin_chawla · Accepted solution]

Hi,

You can check the Note No. : 1286810 regarding the issue.

Kind Regards,

Jitin

SAP Business One Forum Team

[former_member1269712]

Hi Humraaj,

As Kerstin mentioned check in Business One in Action .Its perfect suitable example for your query.

Thanks

Sachin

[Former Member]

I believe that example will work only for incoming payments?

[Former Member]

Hi Humraaj,

Do you do a bank reconciliation (ex. each month)? If yes, then you can post any bank charges at that time if they charge you the fees on a monthly basis.

When doing the bank rec, once all the transactions to reconcile have been selected, you click 'Adjustments' and select JE - post the bank charges amount and select the applicable GL.

Heather

[K_Pauquet]

Hi Humraaj,

please have a look at the article below for a workaround:

[Business One in Action - How can we post bank fees and charges while posting Incoming or Outgoing Payment transactions?|http://www.sdn.sap.com/irj/scn/index?rid=/library/uuid/b08e828f-f2d0-2c10-41b1-dbb0b9943ee8]

All the best,

Kerstin