Business transaction type for cash journal

[Former Member]

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!

[sampat_kumkar · Accepted solution]

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

[Former Member · Accepted solution]

Hi Sampat,

Thank you for your reply!

I understood the use of transaction type.

Now I would like to know what would be the impact of setting Business transaction type B and C for those expense entry that has other than bank offseting account?

In another word, should we fix the current customize setting?

what would be the impact for keeping current wrong customizing seetting?

Thanks!

[sampat_kumkar · Accepted solution]

Hi

If you use B and C type then always you have to select GLs that is not advisable.

While printing petty cash register, you will not see the other expenses types in register.

In future client wants to develop the report for petty cash register, all types will not be there.

Hope you will go with standard.

and one more thing.. there are three steps park,save and post. Senior will not be able to see the head of type before posting the entry.

Thanks

Sampath

[Former Member · Accepted solution]

Hi,

But even when business transaction B or C is choosen, the GL account is automatically proposed and it cannot be changed. 

I dont see the functionality of Business transaction type

[sampat_kumkar · Accepted solution]

Hi

B is for "Payment to Bank"

C is for "Receipt from Bank"

these two types are for only contra entry purpose. cash deposited into bank (B) and withdraw from bank (C).

it should not be fixed bank GL for these type. There might be many bank account in company.

Hope its clear

Thanks & Regards

Sampath

[Former Member · Accepted solution]

Ok, understood and clear now.

Thanks for your help!

Best regards,