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Business transaction type for cash journal

Hi Fi expert,

While setting up the cash journal for our client, we did not know the purpose of business transaction properly.

So we decoided to use B and C for all cash journal business transaction.

C .. Bank payment

B .. Bank reciept

R .. Revenue

E .. Expense

D ..Post customer

K . Post vendor

In what case, what business transation should be used?

Could somebody explain the purpose of each business transaction type in detail so that we can

pick the suitable one which serves our needs?

Thanks in advance for your kindly help!

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  • Best Answer
    Posted on Jan 31, 2013 at 05:02 AM

    Hi,

    First get the sample petty cash register from client.Entries which are related to cash those needs to be updated in FBCJ. for example cash paid for staff welfare..system will generate the background accounting entry....

    Staff welfare...Dr

    Cash a/c......Cr.

    You need to assign staff welfare GL account to business transaction. as per the client register create all business transaction type in sap.

    If you take only B and C type you can't post expenses and other entries.

    D - sometime customer give the cash. that cash to updated in FBCJ

    K- sometime vendor payment/staff also made through cash.

    C .. Bank payment

    B .. Bank receipt

    D ..Post customer

    K . Post vendor

    Above four category just create four type here no need to assign GL. At the time of entry posting you have to select Customer/Vendor/bank GL.

    Hope its helpful to you

    Thanks

    Sampath


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