Difference between Posting Type 4 and 7 in EBS

[Former Member]

Hi,

A basic question in EBS. While configuring EBS Posting Rule I find the Posting Type 4 and 7. I want to know what is the difference between them.

My Senerio is that I want to upload the EBS for Outgoing Payment and also want to Clear the GL account. The Process is first the Invoice is raised to the Vendor and then F110 is used to pay the vendor and then EBS is run to clear the Bank Clearing Account and update the Main Bank Balance.

Regards,

Nikhil

[Former Member]

Hi Nikhil,

In the scenario that you have described, use Posting Type 4 and it will clear the outgoing Bank account and post to main Bank Account.

Regards,

SAPFICO

[Former Member]

Hi,

In the EBS Configuration the settings currently we have is as follows:

We have two Posting Area as follows:

1 -- Posting Key 40 - Outgoing Clearing A/c

Posting Key 50 - Main Bank Account

Posting Type 1

2 -- Posting Key 40 - <Blank>

Posting Key 50 - Outgoing Clearing A/c

Posting Type 1

Please confirm what changes we need to make in order to clear the Outgoing Clearing A/c automatically and Update the Main Bank Account.

Regards

Nikhil

[former_member581688]

In your scenario, you only need posting area 1. So first, delete the entry for posting area 2. Then in the entry for posting area 1, change the posting type to 4 and remove the debit posting key value. In posting rules that are set up for clearing, you leave the posting key blank on the clearing line - the system determined the posting key for clearing from the clearing configuration.

Regards,

Shannon

[Former Member]

Hi,

Thanks for your reply. I need one clarification on your point "the system determined the posting key for clearing from the clearing configuration."

Our initial entry in the current situation is as follows:

Expenses A/c .... Dr.

Vendor A/c .....Cr.

Through F110 we make the payment to vendor and vendor open line item gets cleared.

Vendor A/c ...... Dr

Bank Outgoing Clearing A/c..... Cr

When uploading Bank Statement the following entry is passed:

Bank Outgoing Clearing A/c ... Dr

Main an A/c ...... Cr

Since the bank clearing account remains open and does not get cleared in the above entries, can it be cleared through automatic Bank reconciliation?

If yes then what will be the EBS configuration for the same. Or we need to clear the Bank Clearing open items by F.13 T_Code.

Thanks and regards

[former_member581688]

Uploading the bank statement can clear the Bank Outgoing Clearing A/c. However, you have to have the posting rule set up with posting type 4 and leave the debit posting key blank.

Regards,

Shannon

[Former Member]

Hi,

Posting type 4 is going to clear Bank GL Sub-account debit items i.e. receipt from customer transaction will be cleared

Posting type 7 is going to clear Cheque Returns (Customer Receipts) transactions will be cleared.

Regards

Sarma Bhamidipati