Wrong posting in FF67

[Former Member]

Hi,

I have a query regarding FF67 . Consider a statement 96 has been posted a month ago and after that many statements have been posted. Now statement 126 is in processing. Today it is found that an entry which posted though incoming bank clearing ledger was wrong and check was dishonored. Obviously that customer collection document DZ has to be reversed so that customer balance could be restated correctly.

My question is since this payment has been cleared by bank reconciliation statement and main account is also updated. What if we reverse the payment document DZ . What will be its impact on the post bank statement. Does it also need correction. What is the right way to do?

[Former Member · Accepted solution]

Hi,

The fact remains that the Bank main account and the bank statement go hand in hand. So, if the bank statement balance has got reduced due to the reversal entry, its obvious that you need to reverse in the main bank account also. There shouldnt be any issue while reversing the dishonoured document.

Regards

Hari

[Former Member]

Hi,

In the case of dishonour, the document (Document which got generated during BRS) which was already cleared can be reversed through FB08/FBRA. On doing this, the Bank inward will be debited and the main bank account will get credited. After posting this entry, the balance in Main Bank account and the Bank Statement would get tallied.

After processing above, you can reverse the DZ document type by using FB08/FBRA wherein, the Customer will get debited and the Bank inward will get credited.

The above entries needs to be processed lnline to the bank statement and there wouldnt be any impact on the earlier BRS postings done.

Regards

Hari

[Former Member]

will the bank statement posted earlier go out of balance if i reverse entry?