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Accounting entry of payment after execute F110

Hi experts,

It's purchase to pay process.

When execute invoice processing, an A/P entry should be booked in SAP...

Dr: expense

Cr: A/P

Finance team should run disbursement once the payment meet the due date, we should entry transaction code F110 to disburse payment. At this time, an accounting enry should be generated to clear A/P item.

Dr: A/P

Cr: bank account

I just want to know...

1.About payment booking, do we credit a real bank account or a transition G/L account, such as "bank transfer account"?

Note: a real bank account means it's a G/L account which links to corp's bank account number.

a transition account means we should clear balance in this accout to real bank account, when electronic bank statement is uploaded into SAP.

2. What is the purpose for upload EBS into SAP? Is it for incoming payment of Order to Cash function? Should we reconcile all transaction or only incoming item?

Edited by: Bonnie-CN on Jun 30, 2011 5:17 AM

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  • Posted on Jun 30, 2011 at 03:39 AM


    If we involve clearing bank transaction this scenario then the entries will look like

    Vendor A/C Dr

    Outgoing Bank Account (clearing a.c) Cr

    At the time of Bank reconciliation statement execution

    Outgoing Bank Account Dr

    Main Bank Account Cr


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