Manual Bank Statement

[Former Member]

Hi All,

Are there journal entries for manual bank statement, if yes kindly tell me what are those.

Thanks and Regards,

Boppana

[Former Member · Accepted solution]

Hi

As per My knowledge the MBS is working like this

Eg, If we have to pay to vendor first the system realease the amount to outgoing payment from there the system will pay the amount to vendor

If we received the Payment from the customer, first system received th amount in the Incoming account and then it will transfer to incoming accoun to the Main Bank account.

This is the scenario

Regards,

Kanike

[Former Member]

Hi All,

Thanks for your replies!!!!!

Thanks and regards

Boppana

[atif_farooq]

Dear:

Journal entries while posting manual bank recon statement are let us say for you posting an expense 838001 via bank clearing account 621012 in FB50

838001 Dr

621012 Cr

Now in FF67 after giving necessary parameter you will see select checkout transaction type and post the above clearing entry to main account 621000 and system will post the entry

621012 Dr

621000 Cr

Hence clearing account is cleared and main bank account is credited for the payment done. This was just an example . Revert back in case of any further query.

Regards

[atif_farooq]

Dear:

Journal entries while posting manual bank recon statement are let us say for you posting an expense 838001 via bank clearing account 621012 in FB50

838001 Dr

621012 Cr

Now in FF67 after giving necessary parameter you will see select checkout transaction type and post the above clearing entry to main account 621000 and system will post the entry

621012 Dr

621000 Cr

Hence clearing account is cleared and main bank account is credited for the payment done. This was just an example . Revert back in case of any further query.

Regards