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Former Member
Jan 19, 2012 at 02:07 AM

Electronic Bank Statement and Payment transaction

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Hi Experts,

Could you please clear my doubt in understanding the functionality.

1) Say while making payment through check in F110 is

Vendor A/c Dr

To Bank outgoing checks A/C Cr (Say A/C XX1) (This setting in FBZP)

2) During Electronic bank statement processing for outgoing checks cleared,

Bank Outgoing checks A/C Dr (say A/C XX1) (This setting in EBS - Electronic Bank Statement)

To Main Bank A/C Cr

Are above entries correct?

Is it the same bank outgoing checks A/C (A/C XX1) used in both FBZP and EBS?

If so then what about the balance if any in account A/C XX1 - how is this treated normally in business.

Regards,

DSK