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Accounting entries for bank to bank transfer (FRFT) Cross company

Hi,

We have a scenario to post a bank account to bank account transfer which is crosses legal entities.

I understand FRFT and F111 is the process to use, but i'm not clear what the accounting entries are.

In particular, whether the intercompany postings are automatically generated.

Can you someone run through the accouting entries for a bank to bank payment request process, which

crosses legal entities

Many Thanks

Wade

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2 Answers

  • Jul 03, 2011 at 02:12 PM

    Dear,

    Do you bank accounts in different company codes? If yes then you will to open cross company clearing accounts in OBYA. 1st open clearing general ledger in each company codes in FS00, after that use F-04 to transfer balance from one bank account. E.g you have two co code A,B. You have to send balance from A to B, the accounting entries will be

    Clearing A/c dr

    Incoming bank A/c (co code A) cr

    incoming bank A/c (co code) dr

    clearing A/c cr

    Clearin account has been contra and balance has been transferred. Hope it will help you.

    Regardscode) dr

    clearing A/c cr

    Clearin account has been contra and balance has been transferred. Hope it will help you.

    Regards

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    • Dear:

      In case of bank to bank transfer for cross co code , the same entries as mentioned above stand true, because fundamentals remains unaffected of transaction code or procedures.

      Cross Co Clearing A/c Dr

      Incoming bank A/c (co code A) Cr

      incoming bank A/c (co code) Dr

      Cross Co clearing A/c Cr

      For further clarification please find the link given under

      http://wiki.sdn.sap.com/wiki/display/ERPFI/BankingTransactionFinancialAccountingEntries

      Regards

  • Jul 14, 2011 at 05:51 PM

    HI Waheed,

    When you do Intercompany transfers using FRFT_B the following entries are generated depending on whether the payung & receiving country are the same.

    1) when the paying and the receiving entity are in different countries

    a) Sending co.code

    i) DR Payment request clearing

    CR Bank Clearing account

    ii) DR Intercompany clearing account

    CR Payment request clearing account

    b) Receiving company code

    DR Bank Clearing a/c

    CR Intercompany clearing account

    2) when the paying and the receiving entity are in the same country

    a) Sending company code

    DR Inter company clearing a/c

    CR Bank Clearingaccount

    b) Receiving Company code

    DR Bank Clearing account

    CR Intercompany clearing account

    All the above entries are passed after successful execution of the payments By Tcode F111.

    Please check if the SAP Note "1510224" is implimented in your system.. along with changes suggested there in.

    Ofcourse... Intercompany ponting settings OBYA is also required.

    Hope this helps.

    Best Regards,

    M. Naveen Kumar

    Edited by: M Naveen Kumar on Jul 14, 2011 7:51 PM

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