Bank Account Reconciling with the GL Accounts

[Samudra]

Hi,

I have a scenario where any transactions happens with the bank Be it Incoming or outgoing.

Whenever bank makes a monetary transaction, I want my respective GL Account to get updated

(as per the transaction is of AP/AR)

How can I do that?

Any suggestions

Thanks & Regards

Samudra Gupta

[sanilbhandari · Accepted solution]

Did you check with your bank that they have this kind of facility to send you information for every transaction?

Alternatively you can set up a daily Electronic Bank Statement set up, which is the ideal way to set up more or less what you are looking for. There are lot of blogs on how to set up EBS in SAP Community, if you search and depending on what format your bank uses.

[Samudra · Accepted solution]

Hi Sanil,

Yes, with the help of EBS it can be done.

Thanks for the input.

Regards

Samudra Gupta