Home‎ > ‎

Setting up the Electronic Bank Statement

Switch to Russian

Q1:  Does Electronic Bank Statement show transactions at customer or bank point of view? «+» means debit from bank point of view, but credit from client point of view. How can I distinguish incoming and outgoing payments?

A: Bank statement in format SWIFT MT940 shows...

The rest - in the free e-book FREQUENTLY ASKED QUESTIONS ON SAP FINANCE.


Q2: I got full documentation for the statement in format SWIFT MT940. It has huge list of possible transactions. Do I need to configure all of them in Electronic Bank Statement? How can I do it?

A: It worth asking your colleagues...

The rest - in the free e-book FREQUENTLY ASKED QUESTIONS ON SAP FINANCE.


Q3: Transaction code in SWIFT MT940 statement are very high-level. For example, TRF (NTRF) can be incoming or outgoing payment. Don’t even mention smaller details. You can’t say more using the field 61. And it is field 61 which maps to posting rule. Some banks like Credit Suisse can give more details in tructured field 86. But system recognizes the transaction type using the field 61. How can I ask it to look into field 86??

 

A: Transaction FF.5 has choice of ...

The rest - in the free e-book FREQUENTLY ASKED QUESTIONS ON SAP FINANCE.


Q4: How can I split domestic and international payments if they go under the same transaction type in bank statement?

 

A: As a rule, all the payments use...

The rest - in the free e-book FREQUENTLY ASKED QUESTIONS ON SAP FINANCE.


Q5: Is it good idea to use special document type for the bank statement postings? Or document type SA is good enough?

 

A: It is very good idea to use...

The rest - in the free e-book FREQUENTLY ASKED QUESTIONS ON SAP FINANCE.


Q6: Our chart of accounts has account number with less that 10 symbols. How should I specify mask for the account symbol in bank statement configuration? Should it be left justified or right justified?

++++++++++

++++++++

    ++++++++ 

 

A: SAP always adds zeros on the left of numeric account number up to 10 characters. That is why you have to put the mask for all 10 characters.

http://help.sap.com/saphelp_erp60_sp/helpdata/en/43/0bd49743de11d1896f0000e8322d00/frameset.htm

This help document has an example where account has 6 characters, but mask has 10 pluses.


Q7: When I configure the bank statement, I can put “+” for the currency. Do I need to create separate GL accounts for each currency?

 

A: If you need to create different masks for different currencies, then put each currency separately. Usually bank account is single-currency. That is why “+” is enough.

http://help.sap.com/saphelp_erp60_sp/helpdata/en/43/0bd4a443de11d1896f0000e8322d00/frameset.htm


Q8: What is Interpretation Algorithm?

A: Interpretation algorithm is a link between... 

The rest - in the free e-book FREQUENTLY ASKED QUESTIONS ON SAP FINANCE..


Q9: I put posting type = 8 (open item clearing) in the posting rule of the EBS. There are no open items in the system when I run a test. And I cannot post a payment now. What should I do if I get a down payment from customer? Which other posting type should I use for the subledger?

It is unclear what to do with subledger postings. Even if I put customer number in the manual bank statement, posting only goes to General Leder.

A: Posting rule can have posting type without...

The rest - in the free e-book FREQUENTLY ASKED QUESTIONS ON SAP FINANCE.


Q10: When I try to post to subledger, Payment advice is created. What should I do with it? What is Payment Advice?

 

A: If I correctly understand, Payment Advice is created for Cash Management. There is no use of it unless you implement Cash management. You can switch Payment Advices in the parameters of manual bank statement entry. Transaction FF67, Settings – Specifications.

If it does not help, have a look at SAP Note 452579 (older SAP versions - 162571).


Q11: How can I delete bank statement?

 

A: Use the program...

The rest - in the free e-book FREQUENTLY ASKED QUESTIONS ON SAP FINANCE.


Q12: What else can I read about the bank statement?

A: Have a look at SAP Note 549277.


Q13: Where do I define interpretation algorithms?

A: Interpretation algorithms are defined in program RFEBBU10.


Comments